A benchmark index for Indian equities closed on Friday 51 points higher, making its way back into the green in spite of jittery trader sentiments due to the central bank`s decision to raise cash reserve ratio by 75 basis points.
Sensex Wednesday pared early gains to end the day with a moderate loss of over 11 points as profit-booking emerged in index heavy stocks, including Wipro which posted 21 percent rise in third quarter earnings.
A benchmark index of the Indian equities markets reversed intra-day losses Wednesday to close 92 points up even as a Chinese monetary policy change resulted in the weakening of other major Asian markets.
The markets on Tuesday put up a lacklustre show with the Bombay Stock Exchange benchmark index Sensex gaining a moderate 41 points in the absence of foreign fund action as well as any trigger for a fresh rally.
The Bombay Stock Exchange benchmark
Sensex on Friday shed early gains to close lower by over 70 points
as profit-selling emerged after the industrial growth for
September failed to meet market expectations.
The BSE Sensex on Thursday closed up by over 60 points erasing early losses
on selective buying in telecom shares after the RBI late last
night said telcos can use money raised abroad to take part in
the 3G spectrum auction.