Mumbai, April 8 (Agency) Snapping the losing streak of last three sessions, the BSE Sensex on Friday rallied 412.23 pts to close at 59,447.18 as the Reserve Bank of India(RBI) kept the key rates unaltered and maintained ‘accommodative’ stance despite liquidity unwinding by global central banks. The Nifty of National Stock Exchange (NSE) too rose 144.80 pts at 17,784.35. In the opening session, the BSE Sensex advanced 222 pts at 59,256.97. It spurted 620 pts at 59,654.44, the day’s high, before closing at 59,447.18, up 412 pts from its previous close.
It dropped 158 pts at 58,876.36, the day’s low. The Sensex registered the day’s high and low at 59,654.44 and 58,876.36 pts respectively. The Nifty recorded the day’s high and low at 17,842.75 and 17,600.55 respectively. The sectoral indices like Metal, Power, Oil and Gas and Utilities pushed the market up. In scrips, ITC was a major gainer, up 4.36 pc to Rs 267.80 followed by M&M which rose by 2.70 pc to Rs 857.10, Dr Reddy’s Lab rose by 2.67 pc to Rs 4432, Titan by 2.26 pc to Rs 2514.50 and Reliance Industries by 1.75 pc to Rs 2616.75.
The losers were Tech Mahindra by 1.31 pc to 1449.75, Maruti Suzuki by 1.04 pc to Rs 7557.70, NTPC by 0.98 pc to Rs 152 and HCL Technology by 0.65 pc to Rs 1165.65. The Mid Cap rose by 0.93 pc and Small Cap by 0.99 pc. In the 30 scrips, 22 advanced while 18 declined. World stocks advanced as investors assessed the pace of the Federal Reserve’s monetary tightening plans and news from Ukraine. Japan’s Nikkei and South Korea’s Kospi were up 0.4 per cent and 0.17 per cent. Even, the pan-European Stoxx 600 index jumped 1.1 per cent.