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Sensex surges 265 points on SEBI, FinMin remarks; ICICI Bank leads rally



By Staff Reporter
30 September 2008 @ 8:08 pm IST


A stock broker reacts as he looks at share prices at a brokerage in Mumbai, India
A stock broker reacts as he looks at share prices at a brokerage in Mumbai, India. The Bombay Stock Exchange (BSE) Sensex staged a smart recovery on Tuesday, climbing 2.10 percent or 264.68 points to close at 12,860.43 on assurances by the capital market regulator and the finance minister that the domestic market is sound and still attractive to investors.
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Telecom majors Bharti Airtel and Reliance Communications climbed 5.14 percent and 2.33 percent to Rs.785.05 and Rs.333.90 respectively.

Auto majors Maruti Suzuki and Mahindra & Mahindra advanced 3.73 percent and 1.43 percent to Rs.687.15 and Rs.509.25 respectively.

Engineering and construction major Larsen & Toubro (L&T) moved up 4.16 percent to Rs.2442.85 while top listed Reliance Industries ended up 0.80 percent at Rs.1946.35.

Other gainers were BHEL (up 5.07 percent at Rs.1586), Jaiprakash Associates (up 4.12 percent at Rs.111.10), NTPC (up 3.31 percent at Rs.171.75), ONGC (up 1.20 percent at Rs.1035.55), Hindalco Industries (up 1.09 percent at Rs.97.70), DLF (up 0.51 percent at Rs.352.40) and ACC (up 0.18 percent at Rs.611.65).

The top loser of the day was Tata Steel, which plunged 4.43 percent to Rs.425.60.

Tata Motors sank 3.27 percent to Rs.344.20.

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