Sensex soars in afternoon trade, up 1.2 percent
By ians • Dec 8th, 2009 • Category: BusinessMumbai, Dec 8, A key index of Indian equities shot up 1.2 percent Tuesday afternoon after trading on a dull note in the earlier session.
India's Sensex
At 2 p.m., the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) that opened at 16,984.54 points was ruling at 17,186.31 points, up 203.17 points or 1.2 percent from Monday’s closing at 16,983.14 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 5,126.14 points, against the previous close at 5,066.7 points, a gain of 59.75 points or 1.18 percent.
Gains were seen across markets with BSE midcap index up 0.91 percent while the BSE small cap index was ruling 1.04 percent higher.
The market breadth was tilted towards the positive, with 1,652 stocks advancing, 1,066 scrips declining and 88 remaining unchanged.
However, most other Asian markets were ruling in the red.
A key Japanese index, the Nikkei, closed 0.27 percent or 27.13 points down at 10,140.47 points as investors sought to book profits after a six-day rally.
The Kospi, the benchmark index of the Korean Stock Exchange, was ruling at 1,627.78 points, down 0.3 percent.
In China, the Shanghai composite index was ruling 1.06 percent in the negative at 3,296.66 points.
The Hang Seng, a benchmark index of the Hong Kong Stock Exchange too was in the negative at 22,060.52 points, 1.18 percent or 264.44 points down.
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