MUMBAI, DEC 18:
Indian equities, the Sensex and the Nifty, ended the session higher by about 0.6 per cent on Tuesday amid firm global cues.The Sensex was up 120.33 points (0.63 per cent) at 19,364.75 and the 50-share NSE index Nifty was up 35.5 points (0.61 per cent) at 5,893.40.Volume toppers were Coal India, SBI, Tata Steel, Tata Motors and ICICI Bank. Top five Sensex gainers were Bharti Airtel, BHEL, Tata Steel, Hindalco and Sun Pharma, while the top five losers were Maruti, Bajaj Auto, TCS, ONGC and RIL.
Except oil & gas, all other BSE sectoral indices ended in the green.Among them, realty index was up 2.38 per cent, followed by metal 1.78 per cent,capital goods 1.5 per cent and TECk 1.14 per cent. Only oil & gas index was down 0.21 per cent.
Indian equity benchmarks reacted negatively to the no-action by the RBI in its mid-quarter monetary policy review today. The central bank left the key policy rates and the cash reserve ratio unchanged.The 30-share BSE index Sensex touched 19,302, up 58 points, just about four minutes before the policy was unveiled at 11 a.m. this morning.As the policy was released and, when it became clear that there was no change, the Sensex dived about 150 points to touch 19,149 points. However, the markets soon recovered to trade higher thereafter.
Several market watchers were betting on a CRR cut following a moderation in inflation figures for November.European stocks climbed for the first time in four days amid optimism American lawmakers will agree on a budget to avoid fiscal cliff. Asian markets were also up.
(Source: thehindubusinessline.com)
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