Mumbai, May 10 (Inditop.com) A benchmark index for Indian equities Monday rebounded from last week’s losses to touch a 10-month high.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,799.49 points, closed at 17,330.55 points, 561.44 points or 3.35 percent higher than its previous close at 16,769.11 points.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty ended at 5,193.6 points, a gain of 3.5 percent from its previous close at 5,018.05 points.
Broader market indices also shut shop in the positive with the BSE midcap index ending 2.4 percent up and the BSE smallcap index closing 2.75 percent higher.
The buoyant show by Indian equities was due to widespread relief across the globe after the European Union came out with a massive $1 trillion financial aid package to help Greece tide over its debt problems and reassure investors that it would not result in a credit crunch.
Realty, metal and banking scrips gained the most, while some healthcare stocks came under selling pressure.
Major gainers on the 30-scrip Sensex were Reliance Infra, up 8.49 percent at Rs.1,062.85; Tata Steel, up 7.72 percent at Rs.601.75; Hindalco Industries, up 7.7 percent at Rs.175.45; and Tata Motors, up 6.72 percent at Rs.813.75.
There were only two losers on the Sensex – Cipla, down 6.42 percent at Rs.319.85 and Hero Honda, down 0.21 percent at Rs.1,885.95.
Elsewhere in Asia and Europe, bourses ruled in the green following the European Union’s financial aid package.
Hong Kong’s Hang Seng closed 2.54 percent higher at 20,426.64 points, while the Chinese Shanghai Composite index ended 0.39 percent up at 2,698.76 points.
The Japanese Nikkei shut shop 1.6 percent up at 10,530.7 points. The South Korean Kospi too was up 1.83 percent at 1,677.63 points.
Europe too moved up, after being battered over the past two weeks. UK’s key index FTSE 100 was ruling 4.72 percent up at 5,364.89 points.
The French CAC 40 too was trading higher, up 8.32 percent at 3,674.80 points and the German DAX was at 5,980.80 points, up 4.65 percent.
