Last hour trade pushes sensex above 16,000 mark

Mumbai : Due to late buying in heavyweight scrips a benchmark index for Indian equities Tuesday rose sharply in the last hour of trade and closed 191 points higher and above the 16,000-mark.

The 30-scrip sensitive index (Sensex) of the BSE, which opened higher at 15,778.62 points, closed at 16,061.98 points (provisional), 191.63 points or 1.21 percent up from its previous close at 15,870.35 points.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended higher at 4,819.9 points, up 1.16 percent or 55.3 points from its previous close.

Bluechip stocks like RIL, HDFC Bank and Infosys were among the scrips that gained in late trade.

Broader markets also managed moderate gains with the BSE 500 index closing 0.65 percent up. The BSE midcap and smallcap indices closed in the red.

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