Sensex closes 121 points higher; oil and gas stocks rally

Last Updated: Fri, Dec 28, 2012 13:00 hrs

Mumbai, Dec 28 (IANS) A benchmark index for Indian equities markets closed more than half a percent up Friday with healthy buying spree in oil and gas, information technology (IT) and metal stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,364.08 points, closed at 19,444.84 points -- up by 121.04 points or 0.63 percent from its previous close at 19,323.80 points.

The BSE Sensex touched an intra-day high of 19,465.74 points and a low of 19,346.07 points. The BSE midcap index was up 55.85 points, while the smallcap index was higher by 20.53 points.

The wider 50-scrip S&P CNX Nifty of the National Stock Exchange was up 38.25 points or 0.65 percent at 5,908.35 points.

The BSE oil and gas index was up 197.67 points. The IT index was up 68.17 points, and the metals index up 66.85 points.

However, the healthcare index decreased by 15.87 points.

Among major gainers were Reliance Industries, up 2.73 percent at Rs.840.35; ONGC, up 2.49 percent at Rs.265.85; Sterlite Inds, up 2.28 percent at Rs.116.852; Infosys, up 1.38 percent at Rs.2,318.40; and Hero MotoCorp, up 1.35 percent at Rs.1,894.00.

The main losers were Sun Pharma, 1.05 percent lower at Rs.738.30; Mahindra and Mahindra (M&M), down 0.70 percent at Rs.924.45; Tata Steel, down 0.59 percent at Rs.428.35; State Bank of India (SBI), down 0.46 percent at Rs.2,377.75; and HDFC Bank, down 0.35 percent at Rs.677.00.

Among other Asian markets, Japan's Nikkei was up 0.70 percent, while Hong Kong's Hang Seng was up 0.21 percent. The Shanghai Composite Index closed higher by 1.24 percent.

The European markets were all in the red. Britain's FTSE 100 was down 0.13 percent while the German DAX was trading lower by 0.40 percent. The French CAC 40 was down 0.84 percent.

More from Sify: