Advertisement

HindustanTimes Fri,11 Jul 2014

Europe recovery lifts Sensex 135 points to 2-week high

HT Correspondent, Hindustan Times  Mumbai, February 19, 2013
First Published: 10:53 IST(19/2/2013) | Last Updated: 21:55 IST(19/2/2013)

The benchmark Sensex on Tuesday closed at a nearly two-week high of 19,635, up 135 points, or 0.7%, as positive signals of economic recovery in Europe, India’s biggest software market, influenced market sentiments.

Advertisement

The Nifty of the National Stock Exchange also rose by 42 points, 0.7%, at 5,940.

Shares have recovered after hitting yearly lows on Friday, although the mood remains largely cautious ahead of Budget 2013-14, to be unveiled on February 28.

IT stocks were in the limelight with Infosys, Tata Consultancy Services and Wipro gaining in 1.2-1.9% on heavy buying.

“Market broke out from the trading range on account of lack of selling, which triggered short covering in the indices,” said Amar Ambani, research head, IIFL.

“The current up move is likely to intensify further after Nifty takes out the intermediate high of 5,969.”


Advertisement
more from Business

Jaitley woos salaried class, raises income tax exemption limit to Rs 2.5 lakh

The finance minister raised the exemption limit in personal income tax from Rs 2 lakh to Rs 2.5 lakh. He also raised the tax exemption limit for investments to Rs 1.5 lakh from the current Rs 1 lakh under Section 80C of the Income Tax Act. Full text of speech | Poll: Rate the budget on a scale of 0 to 5
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved