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Sensex up 202 points


MUMBAI: The markets rose for the second straight day on Thursday as buying support in fundamentally strong stocks, notably Reliance Industries, continued, pushing the benchmark Sensex up by a neat over 200 points.

The 30-share index on the Bombay Stock Exchange closed the day at 14421.82, a rise of 201.75 points, or 1.42 per cent, against its previous close. Oil and gas, IT, metal, auto and consumer durables counters witnessed good buying support, helping the key index to close in the positive territory.

The S&P CNX Nifty of the National Stock Exchange gained 63.20 points to close at 4315.85. Marketmen said trading was marked by volatility owing to rollover and short-covering by investors. The market shrugged off prevailing adverse global situation as foreign funds and operators were forced to cover their shorts on the last day of the June series, they added.

Rupee gains 6 paise

The rupee gained six paise at 42.68/69 against the dollar on Thursday as demand for dollar from oil refiners eased amid a fresh rally in stock markets. It closed at 42.7550 on Wednesday.

At the interbank foreign exchange market, the rupee touched a high of 42.66 a dollar after resuming firm at 42.66/67. — PTI

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