Sensex breaches 17,000 mark, surges 400 points

Saturday, 26 April 2008, 05:25 Hrs
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Mumbai: The Indian equity markets ended the last day of the trading session with a modest gain, boosted by the good corporate results of frontline companies. The gaining rally was led by telecom, banking and metal stocks.

Both the benchmark indices, Bombay Stock Exchange (BSE) sensitive index (Sensex) and National Stock Exchange (NSE) Nifty, settled above the key levels of 17,000 and 5,000 respectively, opened the day on a firm note taking positive cues from Asian markets. By mid afternoon, the markets witnessed a bout of volatility after inflation data was released. However, by the close of the trading session, markets came back into the gaining trend.

The 30-share Sensex opened at 16,781.97 points and touched a high of 17,150.92 before closing at 17,125.98 points. It went up by 404.9 points at the day's close or 2.42 percent.

The NSE S&P Nifty, which opened at 4,999.15 points, closed at 5,111.7 points. It went up by 112.85 points or 2.24 percent.

The BSE Midcap index, which closed at 7,056.21 points, went up by 51.81 points or 0.74 percent.

The BSE Smallcap index, which closed at 8,727.72 points went down by 13.29 points or 0.15 percent.

However, the market breadth was negative. On BSE, 1,251 shares advanced, 1,455 declined and 57 maintained status quo.

The top gainers of the day were Bharti Airtel at 925.30 went up by 9.61 percent, Reliance Communications at 577.05 gained 8.31 percent, ICICI bank at 916.15 surged 4.54 percent.

The top losers of the day included ACC at 782.75 down by 1.92 percent, Maruti Suzuki at 737.25 slid by 1.71 percent, DLF at 668.15 went down by 0.98 percent.
Source: IANS
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