Sensex ends 124 points up on global cues

Mumbai, Aug 8 (IANS) After a two-day fall, a benchmark index of Indian equities markets Thursday recovered to close 124 points or 0.67 percent up.

Good buying was seen in metal and auto sectors, while selling pressure was observed in healthcare and oil and gas sectors.

The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 18,687.30 points, closed at 18,789.34 points, up 124.46 points or 0.67 percent from its previous day close at 18,664.88 points.

The Sensex touched a high of 18,829.26 points and a low of 18,621.67 points intra-day.

The S&P BSE metal index increased by 174.29 points and auto index went up by 139.27 points. However, healthcare index slipped by 18.50 points and oil and gas index went down by 17.57 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed trade at 46.55 points or 0.84 percent up at 5,565.65 points.

Major Sensex gainers were: Hindalco Industries, up 5.42 percent at Rs.91.35; Tata Steel, up 5.18 percent at Rs.218.45; Cipla, up 5.09 percent at Rs.410.70; Maruti Suzuki, up 3.89 percent at Rs.1386.10; and Bharti Airtel, up 3.24 percent at Rs.337.40.

Major Sensex losers were: Sun Pharma, down 3.24 percent at Rs.507.10; State Bank of India, down 3.04 percent at Rs.1661.45; Dr. Reddy's Laboratories, down 1.57 percent at Rs.2,218.25; and Wipro, down 0.79 percent at Rs.446.50.

Among the Asian markets, Japan's Nikkei closed 1.59 percent down; China's Shanghai Composite Index was lower by 0.09 percent while Hong Kong's Hang Seng was up by 0.31 percent.

In Europe, London's FTSE 100 was trading 0.51 percent up, Germany's DAX Index was up 0.70 percent and the French CAC 40 Index was up by 0.66 percent.