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Sensex gains amid mixed econ data

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The Sensex closed 2.25 percent higher on Thursday, as gains on Wall Street and positive inflation data boosted investor sentiments.

INDIAThe benchmark closed 183.35 points up at 8343.75, supported by index heavyweights Reliance Industries (up 4.1 percent), ICICI Bank (up 8.1 percent) and Infosys (up 2.5 percent).

The BSE Auto Index was the frontrunner, closing 3.7 percent higher on data released on Monday indicating a jump of almost 22 percent in car sales from a year ago.

Shares in Ashok Leyland, Mahindra & Mahindra, Hero Honda and Maruti Suzuki were up in the range of 3-5.8 percent.

Sensex ends flat, GDP data disappoints

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The benchmark index shed 0.7 pct on Friday as disappointing growth data for the third quarter dampened investor sentiments.

Data released today showed the economy grew 5.3 percent in the December quarter from a year earlier, its slowest annual pace in almost six years, as the global economic crisis cut demand and exports. MARKETS-SOUTHASIA-STOCKS

Sensex snaps 2-day fall; expiry watched

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After gaining nearly 2 percent during trade, the benchmark index pared gains and closed just 80.5 points higher at 8902, as cuts in factory gate duty and service tax triggered short covering ahead of the expiry of monthly derivatives contracts.
MARKETS SOUTHASIA STOCKS
The day belonged to auto and metal stocks, which appeared attractive on expectation the duty cuts on Tuesday will boost sales.

The BSE Auto Index closed 3 percent higher and the BSE Metal Index ended 1.2 percent up. Apollo Tyres, Tata Motors (trucks) and Ashok Leyland have slashed prices after yesterday’s announcement.

Sensex ends 2 pct up after choppy start

The BSE Sensex saw a choppy start today but buying by domestic funds lifted it into positive territory.

The 30-share sensitive index rose 2 percent to 9,424.24, its highest close since January 7, as domestic funds focussed on blue chips with earnings potential, such as Reliance Industries.

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