Sensex up 360 points to 2-week high on fund inflows
The Bombay Stock Exchange benchmark Sensex climbed to two-week high, gaining 360 points on foreign fund inflows and firm global markets on reports that the world's leading bankers are evolving a plan to help resolve the euro zone crisis.business Updated: Dec 01, 2011 17:46 IST
The Bombay Stock Exchange benchmark Sensex on Thursday climbed to two-week high, gaining 360 points on foreign fund inflows and firm global markets on reports that the world's leading bankers are evolving a plan to help resolve the euro zone crisis.
Sensex, which gained 115 points on Wednesday, opened 590 points up. However, it witnessed some profit-booking and closed 359.99 points up at 16,483.45, the level last seen on November 17.
In all, 25 of the 30 Sensex stocks closed with gains, led by Reliance and Infosys -- the two which carry the heaviest weight on the index.
RIL was up 2.53%, while Infosys gained 1.74%. ICICI Bank rose 6.76% to its highest level in two weeks following the recent fall. The stock had plunged 23.5% in November.
The National Stock Exchange index Nifty regained the 5,000 level intra-day, but ended at 4,936, up 104.80 points.
Brokers said cues from Asia and Europe were firm as after the US Federal Reserve, the European Central Bank and the central banks of Canada, Britain, Japan and Switzerland agreed to provide funding to resolve euro zone debt crisis.
Sectorally, the metals index gained 4.14% to 10,648.03, followed by bankex -- up 3.72% at 10,217.20. Realty index gained 3.54% to 1,626.74 and consumer durables, 2.58% to 5,789.62.