Indian shares end higher on global cues

Indian shares end higher on global cues

Monday, 27 August 2007, 07:00 Hrs
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New Delhi: Indian equities ended with some handsome gains Monday on the back of large-scale buying, especially in heavyweight stocks, with some psychological support coming from positive trading in Asia and Europe.

The key sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened on a strong note at 14,581.35 points, as against Friday's close at 14,424.87 points, and steadily rose to the day's high of 14,858.93 points.

The index eventually closed not far behind at 14,842.38 points to register a gain of 417.51 points, or 2.89 percent. The positive breadth of the market was evident from the fact that 28 out of 30 Sensex stocks ended with gains.

Among the Sensex shares, State Bank of India (SBI) and the ICICI Bank led the gainers, up some 6.2 percent each at 1,558 and 886, respectively. Maruti Udyog, Hindustan Aluminium and Reliance Communications also registered gains.

The two losers, on the other hand, were Ambuja Cements, down 1.37 percent at 133.55 and Cipla, down 0.47 percent at 170.15.
Source: IANS
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