Markets end higher despite weak Asian cues (Roundup)

Mumbai, April 24 (Inditop) Indian equities markets closed on a positive note Friday, with a key index moving up 194 points from its previous close.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 11,134.99 points, rose 194.06 points or 1.74 percent from the previous close to end trade at 11,329.05 points.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 1.67 percent to close at 3,480.75 points.

Broader market indices also gained, with the BSE midcap index moving up 1.86 percent, while the BSE smallcap index was up 1.71 percent.

All the 13 sectoral indices on the BSE were in the positive terrain, with the indices for banking, consumer durables and capital goods gained the most.

Among gainers on the Sensex were Mahindra and Mahindra, up 7.01 percent at Rs.474; Jaiprakash Associates, up 6.07 percent at Rs.125.80; Grasim, up 5.68 percent at Rs.1,802.95; and Bharti Airtel, up 5.47 percent at Rs.747.70.

Among the losing scrips were Ranbaxy Labaoratories, down 2.42 percent at Rs.175.75; Hindustan Unilever, down 0.87 percent at Rs.238.15; Tata Steel, down 0.7 percent at Rs.260.95; and NTPC, down 0.34 percent at Rs.190.95.

The overall market sentiment was positive, with 1,536 stocks advancing, 970 declining and 96 remaining unchanged.

Other Asian markets gave mixed cues, with a key Japanese index – the Nikkei of the Tokyo Stock Exchange – closing in the red Friday, giving up more than what it gained Thursday. It ended trade at 8,707.99 points, about 139.02 points lower than its previous close.

However, the Hang Seng, a key index of the Hong Kong Stock Exchange, ended in the positive terrain at 15,258.85 points, 44.39 points above its previous close.

European markets were trading in green territory , with the FTSE in Britain ruling 90.51 points higher than its previous close, and its French peer CAC 40 ruling 62.39 points up.

Data with the market watchdog, Securities and Exchange Board of India (SEBI), showed that foreign funds were net buyers, lapping up scrips worth $62.1 million.