Mumbai, July 27 (IANS) A benchmark index of Indian equities markets closed 199 points up Friday, coming off the day's high of 335 points during the day.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,860.16 points, closed at 16,839.19 points, 1.20 percent or 199.37 points up from its previous day's close at 16,639.82 points.
The Sensex was trading almost 335 points up in late session on firm global cues and fresh buying in beaten down stocks. But poor quarterly results of the public sector banks spoiled the bullish sentiment.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange closed 1.13 percent up at 5,099.85 points.
The BSE metal index was up 208.73 points, followed by FMCG index up 66.17 points, and IT up 66.02 points.
The major Sensex gainers were Tata Steel, up 3.94 percent at Rs.399.30; Tata Motors, up 3.88 percent at Rs.212.80; Sterlite Inds, up 3.22 percent at Rs.100.90; HDFC Bank, up 3.13 percent at Rs.584.25; and Hindalco Inds, up 3.12 percent at Rs.117.45.
The main losers were SBI, down 3.77 percent at Rs.1,941.20; BHEL, down 1.93 percent at Rs.208.25; Hero MotoCorp, down 1.58 percent at Rs.2,006.85; Cipla, down 0.37 percent at Rs.326.95; and Dr Reddy's Lab, down 0.10 percent at Rs.1,621.10.
Other Asian markets closed in the green. Japan's Nikkei closed 1.46 percent up, while Shanghai's composite index fell 0.13 percent. Hong Kong's Hang Seng was up 2.02 percent.
At closing bell here, European markets were trading higher. France's CAC was up 1.15 percent and so were Germany's DAX, up 0.27 percent, Britain's FTSE 100, up 0.20 percent higher.