Date:22/10/2008 URL: http://www.thehindu.com/2008/10/22/stories/2008102256341800.htm

Business

Sensex gains 460 points

MUMBAI: Stock markets consolidated above the psychological 10000-level with the Bombay Stock Exchange benchmark Sensex on Tuesday posting a smart gain of 460 points, aided mainly by market regulator Securities and Exchange Board of India’s (SEBI) warning against foreign institutional investor’s (FII) lending and borrowing of Indian securities in overseas markets.

While the BSE barometer closed at 10683.39, higher by 460.30 points, or 4.50 per cent, its counterpart on the National Stock Exchange advanced by 112.10 points, or 3.59 per cent, to 3234.90.

Rupee steady

The Indian rupee ended steady at 49.00/49.01 against the greenback on Tuesday. Despite consolidation in equity markets, the domestic unit moved in a range of between 48.95 and 49.1550 during the day. It had closed at 48.99/49.00 a dollar on Monday. — PTI