English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsSensex ends 358 pts up; metals shine, MCX rises 26%

    Sensex ends 358 pts up; metals shine, MCX rises 26%

    The BSE Sensex staged excellent performance on Friday, trimming the major loss for the week as it had shed nearly 500 points in previous three sessions. Successful completion of the debt swap deal by Greece with market participation at 95.7% helped the markets rally globally.

    March 09, 2012 / 17:42 IST

    The BSE Sensex staged excellent performance on Friday, trimming the major loss for the week as it had shed nearly 500 points in the previous three sessions. Successful completion of the debt swap deal by Greece with market participation at 95.7% helped the global markets to rally.


    Short covering may be another reason that fuelled the rally. The BSE benchmark advanced 357.72 points or 2.09%, to close at 17,503.24 supported by 23 stocks. Meanwhile, the NSE benchmark gained 113.10 points or 2.17% at 5,333.55.


    Rate sensitives saw huge buying interest ahead of monetary policy review (schedule to be announced on March 15) and even market experts see some action as industrial output dropped to 1.8% in December as against 5.9% in previous month. RBI governor D Subbarao too said they need to reduce bank
    first published: Mar 9, 2012 04:01 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347