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Sensex, Nifty end at one month closing high; ICICI Bank, BHEL gain

Sensex-BSE

New Delhi : The market on Wednesday ended at a one month closing high with largecaps hogging all the limelight. The Sensex was up 575.70 points or 2.3 percent at 25881.17, and the Nifty ended up 186.05 points or 2.4 percent at 7934.90.

ICICI Bank, BHEL, Bajaj Auto and Maruti were top gainers while Cipla lost five percent in the Sensex.

Gold prices slumped by another Rs. 370 to trade at a six-week low of Rs. 29,200 per ten grams continuing its losing falling streak for the second straight day at the bullion market on May 25.

Silver too remained under selling pressure and shed Rs. 50 at Rs. 39,450 per kg. Sentiment dampened largely in tune with a weak trend overseas where gold had a fifth straight decline, the longest slump since November, on speculation that the Federal Reserve will raise interest rates as early as next month strengthened the dollar, denting demand for the metal as an alternative asset, bullion traders said. (ANI)

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