Ummid Assistant launches free MBA application form

IGNOU launches value education programme for teachers

Welcome Guest! You are here: Home Business & Economy

Sensex closes January with 11 percent gain, best in 16 months

Tuesday January 31, 2012 08:08:52 PM, IANS

Mumbai: A benchmark index for Indian equities rallied 336 points to close January with a whopping 11.24 percent gain -- the best monthly performance since September 2010.

Investors were enthused after Reserve Bank of India (RBI) Deputy Governor Subir Gokarn indicated further cuts in the cash reserve ratio (CRR) to ease the liquidity crunch.

The RBI had slashed the CRR by 50 basis points in the third quarter review of the monetary policy on Jan 24.

"After having done one, the possibility of another is always on the table," Gokarn told reporters in Delhi. "That decision will be taken when we do our mid-quarter review (March 15)."

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,965.58 points, closed Tuesday at 17,193.55 points, 330.25 points or 1.96 percent up from its previous close at 16,863.3 points.

In January, it has gained 1,738.63 points or 11.24 percent, compared to the previous month's closing.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also closed in the green at 5,199.25 points, up 111.95 points or 2.2 percent from its previous close.

Broader markets also saw gains with the BSE 500 index moving 2.06 percent up from its previous close.

Banking, realty, auto and metal stocks were among the biggest gainers. All the 13 sectoral indices on the BSE closed in the green.

Prominent gainers on the 30-scrip Sensex included Hindalco, up 6.65 percent at Rs.146.65; ICICI Bank, up 5.87 percent at Rs.902; DLF, up 5.29 percent at Rs.215.90 and Tata Motors, up 4.06 percent at Rs.243.60.

Among the losers on the benchmark were Coal India, down 2.99 percent at Rs.325.65; Maruti Suzuki, down 1.1 percent at Rs.1,181 and Hindustan Unilever, down 0.76 percent at Rs.379.35.

The market breadth was positive with 1,804 stocks advancing, 1,034 on the decline and 108 unchanged.

According to data available with the Securities and Exchange Board of India (SEBI), foreign institutional investors sold stocks worth $16.09 million Tuesday. FIIs have pumped in $2.03 billion this month.

Asian markets saw modest gains as traders cautiously eyed outcome of Greece's talks with creditors on bringing down its debt burden.

The Japanese Nikkei nudged up 0.11 percent and closed at 8,802.51 points, while Hong Kong's Hang Seng gained 1.14 percent to end at 20,390.49 points.

The Chinese Shanghai Composite index moved up 0.33 percent and closed at 2,292.61 points.

European markets were ruling in the green.

Britain's FTSE 100 was ruling 0.97 percent up at 5,726.35 points. The German DAX was similarly trading higher at 6,509.93 points, up 1.02 percent.

The French CAC 40 was trading 1.27 percent higher at 3,307.1 points.







Bookmark and Share

Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS






Top Stories

Apex court pulls up PMO on Swamy's war on Raja

In a clear embarrassment to Prime Minister Manmohan Singh, the Supreme Court Tuesday hauled up his officials for not advising him on Janata Party president Subramanian Swamy's plea seeking sanction to  

Apex court verdict vindicates PM, says PMO

Prosecuting corrupt officials: court sets deadline for government


  Most Read

'Occupy' protesters defy ban, stay put in Washington

The camps at McPherson Square and Freedom Plaza, a couple of blocks from either end of the White House, are the group's most visible sites after the one in  

In Occupied America!

Will Mayawati's magic work in 2012? Pundits doubtful

Her rock solid Dalit support may still be intact. But with charges of corruption and poor governance enveloping her, Chief Minister Mayawati may find the going tough in Uttar Pradesh, say political activists and pundits. The Bahujan Samaj Party (BSP)  

UP elections sans fanfare this time


  News Pick

How will assembly polls affect Congress?

They may be battles for control of five states. But the overall outcome will mean a lot to the Congress and to the United Progressive Alliance (UPA) government it leads. Analysts feel a good performance will be a morale  

Model of India's biggest mosque unveiled

The mosque is to come up in a 40 acres near here and the complex will also house a heritage museum, convention halls, and a media centre, according to the Jamia Markazu Ssaquafathi Ssunniyya headed by Muslim  

Heavy voting in Punjab: Who will pay a heavy price?

Having set a new record with 76.63 percent voting in Punjab's election to 117 assembly seats, voters  

70 percent polling in Punjab, 65 percent in Uttarakhand so far: EC


Picture of the Day

New Delhi,27 Jan 2012-IGNOU Vice-Chancellor M Aslam receiving the "Best teaching practices Award" from noted film director Prakash Jha at the India Today Aspire education summit 2012,in New Delhi on Friday. Also in picture India Today Group's Rekha Puri.

(Photo: IANS/Amlan Paliwal)



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant



Science & Technology



About us




Government Schemes










Contact us




    Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.