NSE index hits record high

Thursday, 31 May 2007, 07:00 Hrs
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Mumbai: Indian equities, boosted by firming Asian markets, staged a rally Thursday with National Stock Exchange (NSE) index Nifty closing at an all-time high of 4,295.80.

The 30-share Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) too gained 133.08 points or 0.92 percent to close at 14,544.46, buoyed by strong trading in blue-chip shares, with 20 of its components trading in the green.

Leading the Sensex surge were top two-wheeler maker Hero Honda, up 5.01 percent at 732.35, followed by second largest private sector lender HDFC Bank, up 3.18 percent at 1,139.75 and state-run carmaker Maruti Udyog, up 2.63 percent at 824.00.

Consumer goods major Hindustan Lever, housing finance major HDFC, state-run top lender State Bank of India, multi-utility vehicle maker Tata Motors, private telecom service provider Bharti Airtel, second largest software exporter Wipro and drug major Cipla were among the Sensex stocks that traded in the green.

Leading the major losers of the day were state-run heavy electrical equipment producer BHEL, down 49.49 (49.49) percent at 1,398.90, followed by Gujarat Ambuja Cements, down 1.74 percent at 113.15, and state-owned thermal energy producer NTPC, down 1.9 percent at 158.40.

Drug maker Dr. Reddy's Laboratories, cement major ACC, pharma major Ranbaxy Laboratories, state-owned energy major ONGC and textile producer Grasim Industries were the other major index shares that traded in the red.
Source: IANS
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