Markets continued with the upward momentum and gained nearly 1.5% in today’s trade to close at the highest level since 22nd May 2008. Sensex gained 222 points to close at 16677, while Nifty finished at 4958, up 66 points. BSE Mid-cap and Small-cap indices gained 1.4% and 1.1% respectively. Rupee was trading at 48.32 against the dollar, appreciating 33 paise compared to yesterday. European markets were up more than a percent, boosted by stronger banking and commodity stocks. US stock indices futures too were higher by one third of a percent.
All the BSE sectoral indices closed in green. Metal index surged 4.2%, gaining the most, followed by Auto index, which gained 2.2%. Tata Steel and Tata Motors sprinted 8.2% and 6.2% respectively, becoming the top gainers among the Sensex stocks, while HUL and Wipro lost 0.9% and 0.7% respectively. . Turnover at Rs. 96190 cr. was nearly 7% higher than that of yesterday
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