Sensex ends 387.92 points up on earnings


Sensex ends 387.92 points up on earnings
Bangalore: Indian markets ended sharply higher as sentiments turned bullish with better than expected earnings from Indian companies and release of core sectors data indicating economic recovery. All the sectoral indices ended in the positive terrain. Showing distinct signs of economic recovery, the six core industrial sectors led by coal and cement recorded a growth rate of 6.5 percent in June compared to 2.8 percent in the previous month. Bombay Stock Exchange's (BSE) Sensex closed at 15231.04, up 387.92 points or 2.61 percent. The index touched an intra-day high of 15264.84 and low of 14997.75. National Stock Exchange's (NSE) Nifty ended at 4523.75, up 124.85 points or 2.79 percent. The broader index touched a high of 4532.40 and low of 4405.95. BSE Midcap index gained 2.38 percent and BSE Smallcap index moved 2.95 percent higher. Amongst the sectoral indices, BSE Realty index jumped 5.61 percent higher, BSE Metal index gained 4.34 percent and BSE FMCG index moved up 4.09 percent. Biggest gainers that propelled the 30-share Sensex were DLF (7.76 percent), Reliance Infrastructure (6.76 percent), Maruti Suzuki (6.63 percent), Hindalco Industries (6.2 percent) and ACC (5.96 percent). Bharti Airtel (-1.01 percent) and ONGC (-0.44 percent) were the only laggards in the rally.