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Sensex up 217 points; auto stocks surge (Roundup)

Wed, Oct 29, 2014, 06:07 PM
Mumbai, Oct 29 : A benchmark index of Indian equities markets closed Wednesday's trade up 217.35 points or 0.81 percent as auto stocks surged.

Good buying was observed in auto, metal, IT, oil and gas and consumer durables sectors, while selling pressure was seen in the banking sector.

The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 27,017.44 points, closed the day's trade 27,098.17 points, up 217.35 points or 0.81 percent from the previous day's close at 26,880.82 points.

The Sensex touched a high of 27,126.30 points and a low of 26,971.16 points intra-day. The S&P auto index surged by 320.50 points, metal index gained by 296.79 points, IT index got augmented by 148.83 points, oil and gas index moved up by 126.78 points and consumer durables index inched up by 101.88 points.

However, bankex dropped by 42.95 points. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed trade up 62.85 points or 0.78 percent at 8,090.45 points.

The major Sensex gainers were: Hindalco, up 5.95 percent at Rs.156.65; Tata Steel, up 4.60 percent at Rs.471.75; Tata Motors, up 3.41 percent at Rs.525.95 and Infosys, up 2.25 percent at Rs.3,879.25.The losers were: Dr. Reddy's, down 1.11 percent at Rs.3046.35; Sun Pharma, down 1.11 percent at Rs.829.95; NTPC, down 0.85 percent at Rs.146.55 and Bharti Airtel, down 0.81 percent at Rs.405.15.

Among the Asian markets, Japan's Nikkei went up by 1.46 percent, Hong Kong's Hang Seng was 1.27 percent higher and China's Shanghai Composite Index gained by 1.50 percent.

In Europe, London's FTSE 100 was up by 0.63 percent, while France's CAC 40 gained 0.13 percent and Germany's DAX Index increased by 0.72 percent.
Agency: IANS

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