Advertisement

HindustanTimes Sat,19 Apr 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

700 trainees opt for exit plan at Nokia’s Chennai plant

Finnish handset maker Nokia, struggling to shepherd its Chennai plant into its agreement to be bought by US software giant Microsoft amid tax disputes in India, has got some success with 736 of its trainees accepting the voluntary separation scheme.
markets
Advertisement
Most Popular
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved