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Sensex retraces 13000 level
MUMBAI: Overcoming sustained selling pressure of the past five days, the Bombay Stock Exchange benchmark Sensex on Thursday climbed up by more 530 points to regain the 13000 level on the back of a sharp surge in bank and consumer good stocks.
Marketmen said investor sentiment was bolstered by easing crude prices which enlivened global bourses.
The 30-share BSE barometer resumed with a sharp upside gap of nearly 334 points and gradually crossed 13000 mark to conclude the day at 13111.85, a hefty gain of 536.05 points.
The 50-issue Nifty of the National Stock Exchange also recouped by 130.50 points at 3947.20.
Bank stocks, led by State Bank of India, saw a sharp turnaround in their fortunes with the sectoral index closing up a smart 6.06 per cent.
Rupee gains 26 paise
The rupee on Thursday appreciated further by 26 paise to 42.81/82 against the dollar on the back of smart recovery in equity markets and lack of any dollar buying by oil refiners, despite capital outflows. In a quiet trade at the interbank foreign exchange market, the rupee resumed higher at 42.93/95 from its Wednesday’s close of 43.07/08 and improved further to end the day at 42.81/82. — PTI
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