SENSEX RISES 150 PTS; MIDCAP, SMALLCAP INDICES UP OVER 1%
DATE: 25/06/2012
The BSE Sensex extended gains to 150 points ahead of likely announcement of measures to boost economy today. Rating agency Moody's has maintained stable outlook on India's sovereign rating.
CNBC-TV18 reported quoting NewsWire18 that the government is likely to announce steps to boost economy in one hour, according to economic affairs secretary.
The BSE benchmark moved up 152.53 points to 17125.04 and the NSE benchmark was up 45.55 points at 5,191.60. Even the Indian rupee gained further to 56.43 as against to the dollar, a rise of 69 paise over previous close of 57.15 a dollar.
Country's largest private sector lender ICICI Bank surged 2% while its rival State Bank of India was up 1.8%. HDFC Bank and HDFC were up 0.65% each.
Engineering and construction major by sales Larsen & Toubro and index heavyweight Reliance Industries gained 1% each. Top telecom operator Bharti Airtel and cigarette major ITC rose 0.7% each.
Among auto stocks, Tata Motors, Mahindra & Mahindra and Maruti Suzuki rallied 1-2% while two-wheeler majors Hero Motocorp and Bajaj Auto were up 0.4% each.
Metals and mining stocks like Coal India, Tata Steel and Jindal Steel moved up 1-2%.
However, software services exporters TCS and Wipro were marginally lower.
The BSE Midcap and Smallcap indices gained 1.2% each, outperforming benchmarks.
POWERED BY: MONEY CONTROL NEWS
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