Sensex ends higher by 112 points
The BSE 30-share benchmark Sensex, which had lost about 95 points on Thursday, bounces back to close higher by 112.54 points at 15,807.64.business Updated: Apr 11, 2008 17:48 IST
The Bombay Stock Exchange benchmark Sensex on Friday gained nearly 112 points on buying support across sectors which was triggered by better than expected industrial growth data.
The 30-share Sensex, which had lost about 95 points on Thursday, bounced back on Friday to close higher by 112.54 points at 15,807.64.
The index touched the day's high of 15,957.24 and a low of 15,673.67 points.
The wide-based National Stock Exchange benchmark Sensex climbed by 44.80 points at 4,777.80, after touching a high of 4,817.40 and a low of 4,727.25 points during the day.
Traders said industrial growth of 8.6 in February was better than what was expected by the market. Industrial growth was higher than 5.3 per cent in January and even reversed the negative output growth witnessed in consumer durables goods.
However for the first 11 months of last fiscal, industrial growth stood at 8.7 per cent against 11.2 per cent a year ago.
Capital goods index gained the most by 388.38 points at 13,267.51, followed by oil and gas index by 302.01 points at 11,028.75. Public sector undertaking index rose by 117.74 points at 7,444.41.
Metal index shot up by 111.43 points at 13,966.38, power index by 64.36 points at 3,164.39, consumer durables index by 24.27 points at 4,003.21 and auto index by 23.94 points at 4,427.06.
As the buying activity spilled over a wide-front, small-cap index rose by 50.37 points at 8,081.43 and mid-cap index by 44.26 points at 6,523.22.
Bank idnex lost 50.63 points at 7,900.97, FMCG index by 30.38 points at 2,319.36, realty index by 20.69 points at 7,195.71 and IT index by 17.25 points at 36.59.38.