The stock markets cheered the Supreme Court verdict on the Ayodhya issue by snapping out from the dumps of the last three sessions. The BSE sensex ended with a gain of 33.82 points at 3,569.62 after an extremely volatile session with an intra-day movement of 71 points. The NSE S & P CNX Nifty Index ended with a 6.60-point gain at 1,157.05.
In the foreign exchange market, the rupee ended firmer today at 48.7150/7250 to the dollar as compared to the previous close of 48.7350/7450. The six-month forward premium edged up to close at 6.08 per cent as against the previous close of 5.95 per cent.
The government security prices dropped by 30 to 40 paise from the morning peak levels amidst lacklustre trading interest while the inter-bank call money market closed at 6.45-6.60 per cent levels, unchanged from the previous close.
The sensex had shed 154.47 points or 4.18 per cent in the last three sessions on uncertainty over the Ayodhya issue. Anup Bagchi, COO, ICICIdirect.com said: