| Dealers also said that foreign funds have taken some fresh short positions on Tuesday. |
| However, market ended off highs amid volatile trade, as investors booked profits towards the end of the trading session. |
| The Bombay Stock Exchange Sensex ended at 12705.94, up 60.95 points, or 0.5 per cent from Monday, after touching a low and high of 12674.77 and 12798.80. |
| The National Stock Exchange's Nifty closed at 3697.60, up 18.70 points, or 0.5 per cent. It touched a low of 3676.65 and a high of 3725.00. |
| Combined turnover on the NSE and BSE was Rs 9,000 crore, up 15 per cent from Monday. |
| The CNX Mid-cap index was up 1.2 per cent and S&P CNX 500 was up 0.7 per cent. |
| A firm trend in Asian markets, as Bank of Japan held its overnight call rates steady at 0.5 per cent, also supported the rise. |
| Key index gainers were Jet Airways up 8 per cent at Rs 632.85 and Ranbaxy Laboratories up 6 per cent at Rs 336.35. |
| Jet Airways rose as the company may erase losses reported in the last three quarters and end the year flat, dealers said. |
| "Based on an analysis from the load factor numbers, published monthly, Jet may report a Rs 55-65 crore profit in Q4 (Jan-Mar)," said Abhijit Chakraborty, vice-president-institutional sales, BRICS Securities. |
| The share price was also supported by falling crude oil prices, and on news the government may ban new flights on the Mumbai-Delhi sector for seven months. |
| Shares of Ranbaxy soared after the company backed out of the race to buy Merck's generic business, whose valuations were seen stretched. |
| Torrent Pharmaceuticals ended the day up 2 per cent at Rs 197 on reports the company has tied up with a private equity fund to bid for Merck. |
| Cement shares were up as the government may offer a 5-year tax holiday for new units announced April 1 onwards and commissioned within three years. |
| Gujarat Ambuja was up 3.4 per cent at Rs 110.85 and Associated Cement rose 1.3 per cent to Rs 749.20. |
Top Section
Explore Business Standard