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Sensex bounces back to close 110 pts up at 10,950

Written by: Staff

Mumbai, Mar 24 (UNI) The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) bounced back in the green after three successive days of losses, closing at 10,950 points with a gain of 110 points or 1.01 per cent, over the last close of 10,840.

The National Stock Exchange (NSE) S&P CNX Nifty index also closed at 3,279 with a gain of 32.65 points or 1.01 per cent.

Markets were up despite rise in the crude oil price in the New York Mercantile Exchange (NYMEX) to USD 63.65 per barrel.

However, the foreign fund inflow in the equity markets on Wednesday improved to Rs 300 crore which boosted investors' confidence.

Also, the robust US economic data on new home sale boosted Indian markets, as well as the Japanese markets.

Earlier the benchmark index of the BSE opened with a gain of 11 points at 10,851.80, as compared to the last close of 10,840.59.

Yesterday, the 30 share BSE Sensitive Index (Sensex) had closed absolutely flat at 10,840.59.

The BSE index of metal companies gained 3.51 per cent and BSE FMCG companies index gained 2.29 per cent, whereas the healthcare index gained 1.05 per cent.

The index touched a high of 10,966 in the days trade which saw one way movement right since the opening in the morning.

The top Sensex gainers were Hindalco, ITC, Tata Power, Cipla, Ranbaxy, Larsen &Toubro, Tata Steel, Wipro, ICICI Bank and Reliance Energy.

All the sectoral indices were in the green this afternoon.

The few losers on the Sensex were BHEL, HDFC Bank, Dr Reddy's Lab, NTPC, Hindustan Lever, Infosys Technologies and HDFC.

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