The European Union and International Monetary Fund has insisted that Greece pass both Wednesday's 28-billion-euro austerity law and Thursday's specific legislation to implement it before disbursing the next 12 billion euro tranche of Greece's bailout programme the country needs to avoid default next month.
Greece's parliament approved a five-year austerity plan on Wednesday with 155 votes in favour and 138 votes against, suggesting Prime Minister George Papandreou was on track to win backing for a second law on Thursday. (Courtesy: moneycontrol)
The BSE Sensex jumped 201.41 points or 1.09% to 18,693.86, its highest closing level since 2 May 2011. The Sensex advanced 222.94 points at the days high of 18,715.39 in late trade. The index rose 59.74 points at the day’s low of 18,552.19 in early trade. The S&P CNX Nifty was up 55.15 points or 0.99% to 5,600.45, its highest closing level since 2 May 2011. The Nifty hit high of 5,608.65 in intraday trade. The BSE Mid-Cap index rose 0.78% and the BSE Small-Cap index gained 0.95%. Both these indices underperformed the Sensex.
The market breadth was strong. On BSE, 1,804 shares advanced while 1,062 shares declined and a total of 119 shares remained unchanged. Among the 30-member Sensex pack, 23 stocks rose while the rest of them fell.
BSE clocked turnover of ` 3073 crore, higher than ` 2824.01 crore on Tuesday, 28 June 2011.
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