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Business EconomyPosted at: May 24 2016 5:13PM


Sensex ends up at 25,305.47 pts

Mumbai, May 24 (UNI) Snapping the losing streak of past four day
days, the benchmark index of Bombay Stock Exchange (BSE) increased
today by 75.11 points to end positive at 25,305.47 due to renewed
buying in select stocks such as Materials, Financial, Industrials
and Auto.
The Nifty of National Stock Exchange (NSE) went up by 17.80
points to 7,748.85.
The Sensex which had plunged by 541 points in last four
sessions, went up today by 26 points to 25,256.97 in early trade. It
then moved up by 111 points to touch the day's high of 25,340.47. In
late trade, it slightly fell but closed positive at 25,305.47, up by
75.11 as compared to its last close.
Meanwhile, it shed by 49 points to 25,181.47 day low figure.
The Nifty recorded day's high and low at 7,761.55 and 7,715.80
points respectively.
Scrips of NTPC, Tata Motors, ICICI Bank and Tata Steel pushed
the Sensex up, while selling in Sun Pharma, Bajaj Auto, TCS and BHEL
capped its further gains, brokers informed.
The total turnover on BSE amounted to Rs 2,599 crore, compared
with a turnover of Rs 2,084.84 crore registered during the previous
trading session.
Asian stocks dropped on speculation that the US Federal Reserve
will raise interest rates as early as next month. Investors in
emerging markets are worried that higher interest rates in the US
will drain liquidity from emerging markets and redirect it to
developed economies.
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