Sensex rebounds, closes 183 points higher (Roundup)

MUMBAI - A benchmark index of Indian equities markets Monday closed 183 points higher as late buying helped the index recover from the day’s lows amid positivity in bourses around the world.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,600.28 points, closed at 19,691.78 points, up 182.89 points or 0.94 percent from its previous close at 19,508.89 points.

It earlier Monday slipped 187 points to 19,321.41 points.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty was trading at 5,907.65 points, up 0.86 percent.

Broader markets were in the positive, with the BSE midcap index closing 1.77 percent up and the BSE smallcap index ending 2.05 percent higher.

Realty, metal and power stocks rallied, while FMCG scrips saw some selling.

Among the gainers on the Sensex were Reliance Infra, up 3.88 percent at Rs.811.40; HDFC, up 3.6 percent at Rs.692.80; Hindalco Industries, up 3.14 percent at Rs.221.50; and DLF, up 2.81 percent at Rs.291.25.

There were only five losers on the Sensex including ITC, down 1.68 percent at Rs.167.20; M&M, down 1.25 percent at Rs.767.90; Hero Honda, down 0.67 percent at Rs.1,772, and Wipro, down 0.36 percent at Rs.448.40.

The market breadth was positive, with 1,969 stocks advancing, compared to 880 scrips on the decline, while 167 stocks were unchanged.

According to data available with SEBI, foreign institutional investors sold scrips worth $213.66 million Monday.

China led the rise of other Asian markets after the Chinese central bank did not raise key interest rates as previously feared, but only resorted to a hike in lenders’ reserve ratio.

The Shanghai Composite Index shut shop 2.85 percent higher at 2,922.95 points.

However, the Japanese Nikkei advanced 0.8 percent to close at 10,293.89 points, while the Hong Kong’s Hang Seng ended 0.67 percent up at 23,317.61 points.

European stocks rose moderately with basic resource stocks leading the way relieved by the Chinese central bank’s decision to hold interest rates steady.

Around mid-day, Britain’s FTSE 100 was ruling 0.73 percent up at 5,855.27 points, while the German DAX was trading 0.31 percent higher at 7,028.13 points.

The French CAC 40 was ruling 0.77 percent up at 3,887.18 points.