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Sensex rises 100 pts; banks, capital goods, FMCG lead

Posted by sandhyaravii on June 21, 2012

Indian equity benchmarks bounces back led by further buying interest in banks, capital goods and FMCG stocks, even after weak global cues. The Indian rupee too recovered from record low of 56.53 a dollar to 56.37, down 22 paise over previous close.

The BSE benchmark rose 98.33 points to 16,994.96 and the NSE benchmark moved up 31.70 points to 5,152.25.

The Bank Nifty gained 1.5% as country’s largest private sector lender ICICI Bank rallied 2.2% while its rivals State Bank of India and HDFC Bank climbed 1.4% each.

Engineering and construction major by sales Larsen & Toubro too extended upmove, rising over 2% and state-owned power equipment manufacturer BHEL was up more than 3%.

Housing finance company HDFC, state-owned oil & gas producer ONGC and top commercial vehicle maker Tata Motors jumped 1% each.

Even the market breadth improved; advancing shares outnumbered declining by 829 to 532 on the National Stock Exchange.



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