Sensex rallies over 350 points; Maruti, Airtel lead

Sensex rallies over 350 points; Maruti, Airtel lead

Sensex rallies over 350 points; Maruti, Airtel lead

Sensex zoomed 179 Points or 0.55% to 32,776.34 while the wider Nifty was up by over 55 points or 0.55% to 10,099.35.

Fall in crude oil prices: Sharp decline in crude oil prices in global commodities on Thursday also boosted investor sentiment in today's trade.

The 30-share Sensex stayed in the green throughout and hit the day's high of 32,992.45 following all-round buying.

The benchmark BSE Sensex jumped 352.03 points or 1.08 percent to finish at 32,949.21 while the broader Nifty index ended at 10,166.70, up 122.60 points or 1.22 percent from its previous close.

The index had lost 205 points yesterday after the Reserve Bank held the policy rate and raised the inflation forecast for the remainder of the fiscal.

Investors were awaiting RBI policy outcome due later in the day during market hours, a broker said. Most Asian shares declined as USA policy uncertainty kept sentiment in check.

Stocks of state-run oil marketing companies such as HPCL, BPCL and International Olympic Committee recorded gains of up to 1.83 per cent after global crude prices dropped by almost three per cent to trade below $63 a barrel.

The domestic unit opened lower at 64.44 per dollar against Tuesday's closing level of 64.38 per dollar at the interbank forex market.

Major index gainers were GAIL, Bharti Airtel, Tech Mahindra, UPL, Asian Paints, Maruti, Bharti InfraTel, Tata Steel and Bajaj Auto.

Major Sensex losers were: Coal India, down 0.64 per cent at Rs 263.30; Tata Consultancy Services, down 0.52 per cent at Rs 2617.65; Cipla, down 0.50 per cent at Rs 592.50; Wipro, down 0.34 per cent at Rs 281.35; and Sun Pharma, down 0.26 per cent at Rs 510.20.

Among the sectoral indices on BSE, power and metal indices slipped 1.06 per cent and 0.85 per cent. Telecom, Bankex and oil & gas indices closed higher by 0.83 per cent, 0.38 per cent and 0.16 per cent, respectively.

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