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Rally wipes out week's losses, Sensex up 3.32 percent

Category :India Sub Category :National,Business
2009-08-13 00:00:00
   Views : 433

21 percent at Rs.400; ICICI Bank, up 6.53 percent at Rs.756.95; Maruti Suzuki, up 6.41 percent at Rs.1,373.60 and Tata Steel, up 6.04 percent at Rs.470.50.

In other Asian markets, the Nikkei 225 Stock Average, a key index of the Tokyo Stock Exchange, closed 82.19 points higher than its previous close at 10,517.19 points, a gain of 0.79 percent.

The Hang Seng, the primary index of the Hong Kong Stock Exchange, too, was ruling higher at 20,861.3 points, up 426.06 points or 2.08 percent.

European shares were up with economic reports on Britain and Germany giving positive indications about an economic revival.

In Britain, the FTSE 100 index was ruling 1.42 percent higher at 4,783.72 points after the Bank of England said inflation would be well below the target of 2 percent in two years.

Its French peer, the CAC 40, too was up 1.25 percent at 3,551.06 points.

Germany's DAX rose 1.7 percent to 5,441.16 points after the government said the gross domestic product had risen 0.3 percent in the second quarter ending June.




Author :Indo Asian News Service



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