Markets head north amidst volatility

Thursday, 26 June 2008, 07:00 Hrs
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Mumbai: The Indian equities market ended the day in green on the back of buying in heavyweight scrips Thursday. Oil and Gas, Metal and IT stocks were in demand.

The market started on a firm note under performing global markets and continued to hold on to the initial gains till afternoon in a choppy trade and gained in the last hour of trading.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 14,300.72 points and touched a high of 14,449.81 before closing at 14,421.82 points. It went up by 201.75 points or 1.42 percent at the days close.

The National Stock Exchange (NSE) S&P Nifty, which opened at 4,252.60 points, closed at 4,315.85 points. It went up by 63.20 points or 1.49 percent.

The BSE Midcap index, which closed at 5,742.04 points, went down by 4.62 points or 0.08 percent.

BSE Smallcap index, which closed at 7,129.08 points, went down by 71.06 points or 1.01 percent.

The market breadth was positive. On BSE, 1,483 shares advanced, 1,143 declined and 72 maintained status quo.

The gainers of the day were Ambuja Cements at 87.50 went up by 6.00 percent, Wipro at 479.95 gained 5.41 percent and Reliance Industries at 2,239.25 went up by 4.87 percent.

The top losers of the day included Reliance Communications at 495.75 down by 2.61 percent, Maruti Suzuki at 676.90 lost 2.44 percent, and Hindalco at 145.40 went down by 2.12 percent.
Source: IANS
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