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Sensex yo-yos on libya crisis, food inflation
After big gains following budget announcements on Monday, Indian stocks saw many ups and downs on Thursday as uncertain reports poured in on the political crisis in Libya and what it could do to oil.
Updated on: Mar 3, 2011, 21:57:23 IST
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After big gains following budget announcements on Monday, Indian stocks saw many ups and downs on Thursday as uncertain reports poured in on the political crisis in Libya and what it could do to oil.
The benchmark Sensex see-sawed between an intra-day high of 18,603 and 18,253 amidst positive news about softening food inflation and reports of Muammar Gaddafi accepting Venezuela’s President Hugo Chavez’s peace plan.
The Sensex closed the day with a gain of 43 points, or 0.2%, at 18,490, while the Nifty closed with a gain of 13.9 points at 5,536.
“Markets will watch out for the US jobs data on Friday and whether Libya is heading for peace,” said Amar Ambani, research head, India Infoline.
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