Sensex Surges 188 Points On Metal,auto rally

Tuesday, February 16, 2010 at 4:31 pm

Mumbai India, Feb 16 The Bombay Stock Exchange benchmark index Sensex rallied 188 points on a last-hour brisk buying in heavy-weight stocks led by metals, auto and IT amid a strong opening of the European indices.

Notwithstanding a strong opening, the Sensex moved in a narrow range during most part of the day, but a fag-end rally pushed the index to record a gain of 188.33 points to close at 16,226.68, after touching the day’s high of 16,310.39 and a low of 16,021.29.

Though the upsurge was backed by the metal counters in general after base metals rose in overseas markets, the index rally was driven mostly by Infosys and ICICI Bank which rose 1.53 per cent and 1.97 per cent, respectively.

The wide-based NSE index Nifty 50 too moved between 4,880.00 and 4,791.35 before ending with a gain of 53.80 points to 4,855.75(PTI)