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Sensex snaps losing streak, closes up 151 points on hopes of market-friendly reforms



24 May 2009 @ 7:05 pm IST


A man speaks on a his mobile phone as he looks at a large screen displaying India benchmark share index on the facade of the Bombay Stock Exchange building in Mumbai, India
A man speaks on a his mobile phone as he looks at a large screen displaying India benchmark share index on the facade of the Bombay Stock Exchange building in Mumbai, India. India's benchmark stock market index, the BSE Sensex snapped its two-day losing streak, gaining 1.10 percent or 150.61 points on Friday to close up at 13,887.15 on hopes that the newly constituted government would usher in market-friendly reforms and boost economic growth. (R...
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Auto majors Mahindra & Mahindra, Tata Motors and Maruti Suzuki tumbled 3.57 percent, 3.29 percent and 1.14 percent respectively.

Technology outsourcers TCS and Wipro slipped 2.27 percent and 1.84 percent respectively.

Cement makers Grasim Industries and ACC eased 2.20 percent and 1.89 percent respectively.

Other major losers were ONGC (down 2.74 percent), DLF (down 2.34 percent) and Reliance Communications (down 2.09 percent).

The BSE Midcap and Smallcap indexes closed up 1.75 percent and 3.19 percent respectively at 4755.68 and 5513.16.

Among the sectoral indices, Consumer Durables (down 1.13 percent) and Auto (down 1 percent) emerged as the biggest losers while Capital Goods (up 2.90 percent) and Bankex (up 1.80 percent) were the biggest gainers.

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