Sensex Bounces by 215 Point on Firm Global Cues


Mumbai, Apr 23 (PTI) Renewed buying by foreign funds mainly in refinery, auto and metal counters amid firm global markets helped the BSE benchmark Sensex to bounce by 215 points during the week under review.

The BSE and NSE were closed on Friday, April 22, on account of "Good Friday".

Prediction of normal monsoon by India Meteorological Department for this year also boosted investors' sentiment as a good rainfall could boost rural income, impacting positively on sales of automobiles, fast moving consumer goods (FMCG) and consumer durables.

Refinery counters too were in keen demand ahead of the Q4 results from the top heavyweight RIL on late Thursday. Metal stocks also attracted good buying support following rise in metal prices on London Metal Exchange (LMEX) during the week.

Weak dollar overseas, too, helped the rise in prices of commodities globally.

  

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Title: Sensex Bounces by 215 Point on Firm Global Cues



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