Recovering smartly from early lows, the Sensex at the Bombay Stock Exchange closed 82 points, or 0.5 percent higher, at 16,913, after the government deferred implementation of the General Anti-Avoidance Rules by one year. The 30-share Sensex had lost almost 490 points in the previous three trading sessions. The Nifty at the National Stock Exchange rose 27 points, or 0.5 percent, to 5,114. But stock markets in Japan, Hong Kong, Singapore and South Korea tumbled between 1.6 percent and 2.8 percent, on poor US jobs data, and worries about the euro zone.
News On AIR | May 7, 2012 4:57 PM
Sensex gains 82 pts to close at 16,913