Sensex ends 461 points higher

Sensex ends 461 points higher
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First Published: Mon, Sep 08 2008. 03 47 PM IST
Updated: Mon, Sep 08 2008. 03 47 PM IST
New Delhi: The markets ended firm with the BSE benchmark index moving up 3.2% or 461 points at 14,945 levels. The Sensex touched a high of 15,107 levels in intra-day deals.
The surge came after a global atomic cartel lifted a 34-year-old nuclear trade ban on India, paving the way for new sources of power.
After two weeks of meetings and long-distance consultations, the 45-member Nuclear Suppliers Group (NSG) nations on Saturday adopted a one-off waiver allowing them to do business with India.
Similarly, the wider-based Nifty ended 130 points up at 4,482 levels.
Tata Motors gained 3.9% to Rs436 after farmers called off a protest, raising hopes the company would resume work at the company’s Singur plant. However, the company has said that it would not start work until it was confident of smooth operations and project viability.
Power sector scrips logged smart gains in with Power Grid firming up over 5% by close. NTPC, Power Grid, Reliance Power and Torrent Power, Reliance Infra, Suzlon Energy, Siemens India, Neyveli Lignite and ABB Limited also ended in positive turf.
Strength was also visible in banking counters with ICICI Bank, State Bank of India and HDFC Bank logging gains of over 5% each. Bank of India, Indian Overseas Bank, Yes Bank and Axis Bank were some of the other notable gainers in this space.
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First Published: Mon, Sep 08 2008. 03 47 PM IST
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