Strong global cues push markets up
Thursday, 29 January 2009, 06:53 Hrs
Mumbai: Indian equities markets, which opened higher Thursday, continued to hold in the green territory a little before noon as global markets turned positive, with a key index ruling about 0.59 percent higher than its last close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 9,311.92 points, 0.59 percent or 54.45 points higher than its previous close. It had opened at 9,334.47 points, higher than its 9,257.47-point close Wednesday. At the same time, the S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,847.05 points, 0.07 percent higher than its previous close of 2,849.5. Broader market indices were up with the BSE midcap index trading 0.52 percent higher and BSE smallcap gaining 0.45 percent. Leading the gainers' list on the Sensex at this time were Maruti Suzuki (up 4.32 percent at 543), Mahindra and Mahindra (up 3.58 percent at 294), HDFC (up 3.29 percent at 1,554.15) and ONGC (up 2.51 percent at 658.35). Among losing scrips were Ranbaxy (down 2.58 percent at 208) and BHEL (down 2.41 percent at 1,360). Of the 13-sectoral indices on the BSE, banking and auto indices were up, indicating such stocks were doing better than others. In other Asian markets, a key index of the Tokyo stock exchange, the Nikkei 225 Stock Average was up 0.56 percent at 8,151.75. The Hang Seng, a key index of the Hong Kong Stock Exchange, shot up 5.47 percent over its last close.