Stock Market Closing News:
The S&P BSE Sensex rallied over 200 points in
intraday trade on Thursday to close above 26,000 levels led by gains in FMCG,
pharma and IT sectors on the back of positive cues from global peers.
Tracking the momentum, the 50-share index Nifty also closed above its crucial psychological level of 7750, supported by gains in GAIL, United SpiritsBSE 3.20 %, Tata MotorsBSE 2.53 % and JSPL.
Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
It was at 5.43 per cent last month and 5.84 per cent in July 2013.
Tracking the momentum, the 50-share index Nifty also closed above its crucial psychological level of 7750, supported by gains in GAIL, United SpiritsBSE 3.20 %, Tata MotorsBSE 2.53 % and JSPL.
Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
It was at 5.43 per cent last month and 5.84 per cent in July 2013.
The 30-share index closed at 26,103.23, up 184.28 points
or 0.71 per cent. It touched intraday high of 26,135 and a low of 25,945.35 in
trade today.
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