The Sensex on Wednesday
closed 115 points higher amid volatility, largely ignoring latest data which showed the
economy grew at 6.9 per cent in the quarter ended September - the slowest in over two years.
HOW THE MARKETS FARED The 30-scrip index of the Bombay Stock Exchange, which opened at 15,868.96 points, closed at 16,123.46 - up 115.12 points or 0.72 per cent from its previous close of 16,008.34 points.
The benchmark hit an intra-day low of 15,849.57 points.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed higher at 4,832.05, up 26.95 points, or 0.56 per cent, from its previous close.
Consumer confidence rebounds in US Broader markets, however, closed on a lacklustre note with the BSE 500 index ending a modest 0.26 per cent up.
FMCG, oil and gas, telecom and IT stocks saw some buying but consumer durable scrips fell.
Asian markets fell Wednesday after a meeting of
European finance leaders failed to come out with any announcement on plans of containing the zone's debt crisis.
The Japanese Nikkei closed 0.51 per cent lower at 8,434.61 points. Hong Kong's Hang Seng was ruling 1.68 per cent down at 17,950.03 points.
The Chinese Shanghai composite index was trading 3.27 per cent lower at 2,333.41 points.
- With inputs from IANSDisclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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