Back
Business
Sensex up 383 points
MUMBAI: The Bombay Stock Exchange bellwether Sensex rose 383 points on Tuesday on firm buying support, as concerns of inflation eased following a dip in global crude prices.
Banking, realty and auto counters, which were battered in the aftermath of RBI’s anti-inflationary monetary stance on July 29, led the rally while metal shares attracted profit booking due to weak London Metal Exchange (LME) advices.
The Bombay Stock Exchange 30-share barometer initially touched a low of 14529.21 on feeble global cues but re-emergence of buying at mid-session pulled the Sensex up to close at one-and-half month high of 14961.07.
Rupee recovers 25 paise
The rupee on Tuesday shot up by 25 paise to settle at 42.24/25, against the U.S. currency on the back of strong equity market and fall in global crude oil prices.
At the interbank foreign exchange market, the rupee resumed higher at 42.37/38 from the previous day close of 42.49/50. It touched the day’s high of 42.21 before closing at 42.24/25. — PTI
© Copyright 2000 - 2009 The Hindu