Business

Sensex Rises 424 Points, Nifty Ends Just Under 7700

NEWS WORLD INDIA | 0
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| September 8 , 2015 , 09:56 IST
Indian markets ended on a positive note on Tuesday after six days of losses. At the end of business on Tuesday, Sensex was up 424.06 points or 1.7 per cent at 25317.87 while the Nifty gained 129.45 points or 1.7 per cent at 7688.25. About 1439 shares advanced, 1211 shares declined and 127 shares were unchanged. Banks gave a major philip to the benchmark indices. GAIL, BHEL, Tata Steel, ICICI Bank and Axis Bank were top gainers while HUL, Bharti, Cipla and Infosys were major losers on the day. bse sensex Image: PTI   Sentiments turned better largely on late recovery in he other Asian markets, with Shanghai composite index bouncing back from its initial looses to close 2.92 per cent despite a mixed trade data. The rupee strengthening by 27 paise to 66.55 against the American currency (intra-day) at the forex market, too supported the market, they added. Sectoral indices, led by realty, banking, metal, power and capital goods, led the rebound and were trading in positive zone with gains up to 2.91 per cent. Also, the 50-share NSE Nifty was quoting higher by 99.95 points, or 1.32 per cent, at 7,658.75. Among the 30-Sensex constituents, Tata Steel gained the most by surging 6.72 per cent to Rs 230.40, followed by GAIL rising 5.76 per cent to Rs 293.05. Other prominent gainers were BHEL, Vedanta, ICICI Bank, Axis Bank, Hindalco, SBI, M&M, NTPC, RIL and L&T. Globally, Hong Kong's Hang Seng index surged 3.74 per cent, while Japan's Nikkei shed 2.43 per cent. European markets were also in positive terrain in early trade.