INDIAN STOCK MARKET DAILY CLOSING REPORT (JAN 19, 2012)
Market scales six-week closing high; Nifty reclaims 5,000
Key benchmark indices reached their highest closing level in more than six weeks as private sector bank HDFC Bank and two-wheeler makers -- Hero MotoCorp and Bajaj Auto reported strong Q3 results.
The 50-unit S&P CNX Nifty regained the psychological 5,000 level. The barometer index, BSE Sensex, jumped 192.27 points or 1.17%, up close to 70 points from the day's low and off about 20 points from the day's high.
Data showing substantial purchases of Indian stocks by foreign funds over the past few days boosted investor sentiment. The market breadth was strong. BSE Mid-Cap and Small-Cap indices outperformed the Sensex.
The Sensex has jumped 1,188.82 points or 7.69% so far in this month. From a 52-week high of 19,811.14 on 6 April 2011, the Sensex has lost 3,167.40 points or 15.98%. From a 52-week low of 15,135.86 on 20 December 2011, the Sensex has risen 1,507.88 points or 9.96%.
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