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Bullish Sensex closes 240 points higher on reports of robust advance tax payouts



By Staff Reporter
15 September 2009 @ 9:10 pm IST

Mumbai - India's benchmark stock market index, the Bombay Stock Exchange (BSE) Sensex returned to its winning ways, gaining 1.48 percent or 240.26 points on Monday to its highest close in over 15 months on reports that some corporates have paid advance tax higher-than-expected.


Stock brokers react inside a brokerage in Ahmedabad, India
Stock brokers react inside a brokerage in Ahmedabad, India. India`s benchmark stock market index, the Bombay Stock Exchange (BSE) Sensex returned to its winning ways, gaining 1.48 percent or 240.26 points on Monday to its highest close in over 15 months on reports that some corporates have paid advance tax higher-than-expected. (Reuters Photo)
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The Sensex closed at 16,454.45 on Tuesday, its highest close since late May 2008, driven mainly by auto, banking and metal stocks.

Twenty-seven components closing in the green with real estate giant DLF leading the charge with a 5.20 percent jump.

Auto majors Hero Honda Motors, Maruti Suzuki, Tata Motors and Mahindra & Mahindra soared 3.47 percent, 1.44 percent, 1.33 percent and 1.32 percent respectively.

Among metal stocks, Sterlite Industries, Hindalco Industries and Tata Steel surged 3.34 percent, 3.30 percent and 2.54 percent respectively.

Financial majors State Bank of India, HDFC, ICICI Bank and HDFC Bank climbed 2.71 percent, 2.12 percent, 2.03 percent and 1.27 percent respectively.

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