Sensex continues winning streak, closes up 174 points
The BSE Sensex climbed 1.54 percent or 174.31 points on Tuesday to close at 11,483.40 boosted by tech and financial stocks, after world governments pledged over $1 trillion to help revive weakened financial markets.
The 30-share benchmark index opened at 11,781.43 and touched intraday high and low of 11,87.22 and 11,410.49 before closing in the green.
However, despite Tuesday's rise, the market barometer is down by about 50.8 percent this year and continues to be one of the worst performers in Asia.
Nineteen components closed in the green on Tuesday, with the biggest gainer being Satyam Computer Services, which surged 7.38 percent to Rs.289.
Other tech stocks viz. Infosys Technologies, Wipro and Tata Consultancy Services (TCS) climbed 5.87 percent, 3 percent and 2.84 percent to Rs.1397.05, Rs.291.90 and Rs.592.15 respectively.
India's largest private sector bank ICICI Bank soared 5.20 percent to Rs.447.10.
Bigger rival state-run State Bank of India climbed 1.77 percent to Rs.1528.40 while mortgage lender Housing Development Finance Corporation (HDFC) moved up 1.21 percent to Rs.1839.45.
Top listed Reliance Industries advanced 3.14 percent to Rs.1619.70.
Telecom giant Bharti Airtel jumped 3.30 percent to Rs.764.30 while real estate major DLF climbed 3.07 percent to Rs.310.60.
India's largest generics drug maker Ranbaxy Laboratories, which is expecting to close its $4.6 billion takeover deal with Japan's Daiichi Sankyo by December, ended up 2.09 percent at Rs.280.40.
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