Cabinet approves changes in law for revival of sick societies
Published on May 10, 2013
The BSE benchmark Sensex bounced back by 61-points in late morning trade amid buying in consumer durable, auto, IT, banking and power sectors triggered by higher Asian cues and sustained foreign capital inflows.
The BSE-30 share barometer Sensex resumed lower at 19,911.08 and hovered in a range of 20,021.41 and 19,908.80 before quoting 20,000.29 points at 1030-hours.
It showed a gain of 61.25-points or 0.31 per cent from its last close. The NSE 50-share index, Nifty, also moved up by 17.45-points, or 0.29 per cent, quoting 6,067.60 at 1030-hours.
Major gainers were Maruti Suzuki (2.35 per cent), M&M (1.63 per cent), Hero Motocorp (1.44 per cent), Dr Reddy’s Lab (1.14 per cent) and SBI (0.90 per cent).
Asian stocks were mostly higher in their early trade with Japanese equities hitting fresh 5-year highs as the dollar’s break above the 100-yen level underpinned sentiment.
Key benchmark indices in Singapore, Japan and China rose by 0.05 to 3.02 per cent while stocks in Taiwan, South Korea and Hong Kong fell by 0.13 to 1.19 per cent.