| The Sensex on Wednesday posted its biggest gain since February 28 as foreign funds, betting on the corporate earnings momentum, ploughed more money into stocks.
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| The Bombay Stock Exchange Sensex surged 1.77 per cent to 7729.82 points, up 134.25 points, and gainers beat laggards by a ratio of nearly four to one, reversing a three-day slide. The NSE Nifty 50-share National Stock Exchange ended 1.79 per cent higher at 2,360.15 points.
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| All sectoral indices rose sharply, with the BSE metals index emerging the biggest winner, gaining 2.98 per cent at 6334.63 amid gains in Gujarat NRE Coke, Jindal Steel, SAIL, Nalco, Tisco, Sesa Goa, Hindustan Zinc, JSW Steel, Hindalco, Welspun Gujarat and Sterlite Industries.
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| The BSE FMCG index was up 1.72 per cent at 1344.76 as buying was seen in Dabur India, Tata Tea, Britannia, McDowell, ITC, Nestle, Colgate, P&G, HLL, Shaw Wallace and Nirma.
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| Among other stocks on the move, SAIL surged 5.2 per cent to Rs 65.05 and Tata Steel added 2.6 per cent to Rs 393.50 on hopes that steel prices would rise.
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| Mahindra & Mahindra added 1.3 per cent to Rs 688.90 after the company said it planned to double passenger vehicle exports to 6,000 units by March 2006 end. |
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