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Jun 15, 2012, 01.50 PM IST
Indian equity benchmarks rose 1% each in afternoon trade led by auto, banks and Reliance Industries. Shares of top commercial vehicle maker Tata Motors shot up 4.5% Jaguar & Land Rover's sales numbers for May were stable. Brokerages were expecting good sales numbers in May as compared to previous month.
Index heavyweight Reliance Industries climbed 1.4% and engineering and construction major by sales Larsen & Toubro went up 0.9%.
The BSE Bankex surged 1.5% as country's largest lenders State Bank of India, ICICI Bank and HDFC Bank were up 0.9%, 2% and 1.6%, respectively.
Top two-wheeler major Hero Motocorp and largest coal mining company Coal India rallied 2% each.
Software services exporters Infosys and TCS, and cigarette major ITC and top telecom operator Bharti Airtel rose 0.6% each.
In the second line shares, HMT, Shree Global, Allcargo Global, India Cements and Gujarat Mineral shot up 5% while Corporation Bank, VST, KSK Energy Ventures, Himadri Chemical and DB Realty lost 3-5%.
BSE-SENSEX-NIFTY-INDIA-STOCKS:BSE Sensex rises, tracks Asian indexes
The 30-share BSE Sensex stayed higher with more than 100 points gains since early trade led by banks, oil & gas, FMCG and technology stocks. Today's bounce back indicates that traders may be adding long positions ahead of two big events.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy