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| Benchmark indices surged in today's trade on the back of positive global cues and short covering. Sensex gained 230 points to close at 16152 while Nifty ended at 4826, up 69 points. BSE Mid-cap and Small-cap indices gained 0.8% each. On weekly basis, Sensex and Nifty are up 1.5% and 1.3% respectively. This is the first weekly gain after 3 consecutive down weeks. BSE IT and Teck indices are the top gainers among the sectoral indices, putting on 3.6% and 3.4% respectively. The government today allowed Foreign Investment Promotion Board to approve Foreign Investment of up to Rs 1,200 crore, against the existing limit of Rs 600 crore. India's annual food inflation based on wholesale prices rose to 17.94% for the week ended Jan 30 as against 17.56% for the previous week. European markets were up about half a percent ahead of a key EU summit which could lay the groundwork for a rescue package of debt-ridden |
| All the BSE sectoral indices finished in green for the day, with Auto and Oil & Gas indices gaining the most, up 2.1% each. Hero Honda and JP Associate were the top gainers among the Sensex stocks, putting on 4.1% and 3.5% respectively while Tata Power and Bharti Airtel were the sole losers, down 0.8% and 0.3% respectively. BSE advance-decline ratio stood at 1.4:1. |
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