Sensex up 388 points on strong Asian cues

By SiliconIndia   |   Monday, August 24, 2009   |    1 Comments
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Mumbai: The Sensex went up by 387.92 points on Monday, tracking strong Asian markets that mirrored the performance of the U.S. markets. Good U.S. home sales data and positive comments by the U.S. Federal Reserve Chief Ben Bernanke guided the U.S. stocks upward on Friday. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,362.93 points, ended at 15,628.75 points, up 387.92 points or 2.55 percent. The broader-based Nifty of the National Stock Exchange (NSE) also closed in the positive terrain at 4,642.80 points, up 2.52 percent. The chart showing the 52 week performance of Sensex is on the left. The Asian markets finished the day in the green after a strong performance. The Nikkei in Japan gained by 3.3 percent at 10,581 while Australia's S&P/ASX index ended higher by 3.1 percent at 4,426. The Hang Seng index in Hong Kong surged 1.6 percent at 20,535. Shanghai index in China gained by 1.1 percent at 2,993. Even in Europe the stocks were trading in the green. The FTSE in the UK was up 0.8 percent. The DAX in Germany was up 0.5 percent and the CAC 40 index in France was up 0.7 percent. In the broader Indian market, the BSE Mid-Cap index gained 2.61 percent and the BSE Small-Cap index gained by 2.83 percent. Among the BSE sectoral indices, the Realty index was the top gainer, gaining 5 percent, followed by the Consumer Durables index that was up 3.5 percent. The BSE FMCG index up 3.5 percent and the BSE Capital Goods index was up 3.5 percent. All the 30-components of Sensex ended in the green, the major gainers being Tata Motors JP Associates, ITC, L&T, Hindalco and Sterlite. Outside the frontline indices, the big gainers in the broader market were Videocon Industries, Tulip Tele, Praj Industries, Goderej Industries, Mphasis and KSK Energy.
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1: There is such a fluctuation in the market in the resent past
Posted by:sagarika - 24 Aug, 2009
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