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Aug 06, 2012, 11.23 AM IST
The 30-share BSE Sensex gained more than 200 points led by buying interest across sectors. Asian markets too remained strong due to better than expected US payrolls data; Hang Seng, Nikkei and Kospi jumped 2% each while Straits Times and Taiwan Weighted gained 1% each.
Index heavyweight Reliance Industries shot up 5% amid huge volumes.
State-owned oil & gas producer ONGC declined due to rally in crude oil on Friday. Brent crude rose 2.9% to USD 108.94 a barrel.
Country's largest private sector lenders ICICI Bank and HDFC Bank moved up 1.6% each while their rival State Bank of India was up 1%.
Among the auto stocks, top commercial vehicle maker Tata Motors gained 3%; M&M, Bajaj Auto, Hero Motocorp and Maruti were up 0.7-1%.
Engineering and construction major Larsen & Toubro and state-owned power equipment manufacturer went up over 1.6%.
Metals stocks like Tata Steel, Sterlite Industries, Jindal Steel and Hindalco Industries jumped 1.5-3%.
The BSE Midcap Index was up 1.2% and Smallcap was up 1.5%. About three shares advanced for every share declining on the BSE.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals