Markets respond to passage of key Bills

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SummaryGood buying in banking stocks after Parliament passed the Banking Bill and demand for IT and auto shares boosted market sentiment, with BSE Sensex rising 111 points to close at a two-week high

Good buying in banking stocks after Parliament passed the Banking Bill and demand for IT and auto shares boosted market sentiment, with BSE Sensex rising 111 points to close at a two-week high today.

The 30-share Sensex resumed higher at 19,429.91 and shot up further to day’s high at 19,516.02 before ending at 19,476.00, a gain of 111.25 points or 0.57 per cent.

Similarly, the NSE 50-share Nifty also rose by 32.80 points or 0.56 per cent to settle at 5,929.60. Brokers said banks hogged the limelight after the Banking Bill was passed yesterday, paving way for foreign investments in the sector and establishment of new private banks.

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