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Stock markets yesterday gave thumbs up
Posted on: 14/Aug/2013 11:29:28 AM
The sentiment on bourses improved on Tuesday, with the Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) closing above the 19000-mark again.
The Sensex closed at 19229.84 with a gain of 282.86 points or 1.49 per cent.
The rally was led by the beaten down sectors like realty, which gained 4.46 per cent, followed by banks by 2.92 per cent, automobiles 2.32 per cent and power 2.04 per cent.
However, consumer durables lost 0.20 per cent and metal 0.05 per cent. On the National Stock Exchange (NSE), the 50-share Nifty gained 86.90 points to close at 5699.30
A lot of the movement is attributable to the inflation data which was released. Many economists were expecting consumer prices to have risen 9.7 per cent in the month of July, but the actual number released was of 9.6 per cent. This data shows that inflation has cooled off somewhat.
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