Reklāma
Sensex Gains 427 Points; Nifty Tops 16,100
(RTTNews) - Indian shares saw a broad-based rally to extend gains for a second day running on Thursday, as falling commodity prices and better-than-expected earnings guidance from Samsung Electronics for the second quarter helped assuage investor concerns about rising inflation.
The benchmark S&P BSE Sensex rallied 427.49 points, or 0.80 percent, to 54,178.46, while the broader NSE Nifty index ended up 143.10 points, or 0.89 percent, at 16,132.90.
Commodity-related stocks led the surge, with JSW Steel, Tata Steel and Hindalco climbing 4-7 percent, tracking a rise in Chinese iron ore futures.
Titan Company soared 5.8 percent after its first-quarter sales jumped by 205 percent year-on-year.
Automaker Tata Motors gained 3.7 percent after authorities in China vowed to support auto consumption.
BHEL advanced 2.4 percent after it successfully commissioned a 100-MW floating Solar PV plant in Telangana.
On the flip side, Hindustan Unilever, Bharti Airtel, Cipla, Nestle India and Dr Reddy's Laboratories all fell around 1 percent.
The rupee was under pressure despite the Reserve Bank of India announcing various measures to increase forex inflows in a bid to check the currency's slide.
Oil prices recovered some lost ground after seeing heavy losses in the previous two sessions on recession worries.
Canadian Dollar Falls Against Most Majors
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
Swiss Market Ends Marginally Up
Major European Markets Close On Mixed Note
Positive Start Seen For Canadian Stocks
UK Market Roughly Flat; Mining Stocks Move Higher
CAC 40 Climbs Higher For 3rd Straight Day
