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Wednesday, March 21, 2012



Sensex posts healthy recovery, ends 286 points higher

The Indian market staged a smart comeback in the second half of trade and closed higher led by gains in index heavyweights and positive European cues
Major headlines
Mahindra Satyam agree to merge with Tech Mahindra
CCI bags order from Power Grid Corporation
BoB, ING Vysya Bank hikes deposit rate by 25 bps
GVK Power to sell stakes in Australia coal, rail, port project

Market settles at nearly one week closing high

Key benchmark indices edged higher to hit highest closing level in nearly one week on firm European stocks and as US index futures gained. Recent strong buying by foreign funds of Indian stocks also aided sentiment. The barometer index, BSE Sensex, was up 285.53 points or 1.65%, up close to 325 points from the day's low and off about 20 points from the day's high. The market breadth was strong. All the 13 sectoral indices on BSE were in the green. Index pivotal Reliance Industries rose over 1%.

The barometer index, BSE Sensex has fallen 150.97 points or 0.85% in March 2012 so far (till 21 March 2012). The index has surged 2,146.79 points or 13.89% in calendar 2012 so far (till 21 March 2012). From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 2,465.85 points or 16.29%. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 2,209.43 points or 11.15%.