May 27, 2011

Sensex up 221 points on firming global trend

The Bombay Stock Exchange benchmark Sensex today advanced by 221 points as investors bought stocks at attractive low levels amid a firming global trend. The broad-based National Stock Exchange index Nifty also advanced by 63.75 points to 5,476.10. Trading sentiment improved on a firm global trend after leaders of the G-8 grouping said the world economy was gaining strength. The MSCI Asia Pacific Index climbed 0.6 per cent, its biggest two-day rally since April 21.

Tata Motors buckled under selling pressure, and the scrip shed 7% at Rs 1,085, even though the company reported a 14% y-o-y growth in its consolidated net profit at Rs 2,556 crore in Q4FY11.

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