Sensex rallies 215 points, rupee also up
7 Aug 2012 6:46 AM IST
The Bombay Stock Exchange (BSE) benchmark Sensex closed at 17,412.96, up 215.03 points or 1.25 per cent on Monday on fresh buying following strong US economic data, hopes of euro-zone debt relief and firm cues from Asian markets.
The Nifty ended at 5,282.55, up 66.85 points or 1.28 per cent. It touched a high of 5,293.20 and a low of 5,260.85 in trade on Monday.
Index heavyweight Reliance Industries hogged the limelight, rising 5.7 per cent due to sharp rally in crude. WTI crude gained 4.9 per cent on Friday to $91.4 a barrel on jobs data and tropical storm Ernesto in Gulf of Mexico. However, state-run fuel retailer BPCL tanked 2.4 per cent.
ICICI Bank and HDFC Bank were up 1.5-2 per cent while their rival State Bank of India rose 0.6 per cent. Housing finance company HDFC gained 1.5 per cent.
The rupee also rose to near a one-week high on Monday, catching up to a global risk rally following improving US jobs data.
The partially convertible rupee closed at 55.52/53 per dollar as per the SBI closing rate versus its previous close of 55.75/76.
The Nifty ended at 5,282.55, up 66.85 points or 1.28 per cent. It touched a high of 5,293.20 and a low of 5,260.85 in trade on Monday.
Index heavyweight Reliance Industries hogged the limelight, rising 5.7 per cent due to sharp rally in crude. WTI crude gained 4.9 per cent on Friday to $91.4 a barrel on jobs data and tropical storm Ernesto in Gulf of Mexico. However, state-run fuel retailer BPCL tanked 2.4 per cent.
ICICI Bank and HDFC Bank were up 1.5-2 per cent while their rival State Bank of India rose 0.6 per cent. Housing finance company HDFC gained 1.5 per cent.
The rupee also rose to near a one-week high on Monday, catching up to a global risk rally following improving US jobs data.
The partially convertible rupee closed at 55.52/53 per dollar as per the SBI closing rate versus its previous close of 55.75/76.
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