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May 15, 2008
Indian
Equities on a Big Upswing
Mumbai
Indian equities markets, which opened in the green Thursday,
performed very well throughout the day and a key index climbed over
375 points, mirroring cues from other Asian markets.
The markets were strongly supported by capital goods, realty, oil
and gas, banking, power and metal scrips. All sectoral indices
barring FMCG closed in the green.
Both Sensex and Nifty indices managed to remain above the 17,000 and
5,000 mark respectively during the day.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE)
opened at 17,084.89 points and notched a high of 17,366.19 before
closing at 17,353.54.
It gained 375.19 points or 2.21 percent at the day's close, compared
to the closing figure Wednesday.
The S&P CNX Nifty index on the National Stock Exchange (NSE), which
opened at 5,010.90 points, closed at 5,115.25 after touching the
day's high at 5,118.55 points. At ended with a gain of 103.50 points
or 2.07 percent from its previous close.
The BSE Midcap index, which closed at 7,080.25 points, gained 90.44
points or 1.29 percent.
Similarly, the BSE Smallcap index, which closed at 8,546.41 points,
gained 111.92 points or 1.33 percent.
On BSE, the market breadth was strong. A total of 1,772 shares
advanced, 909 declined and 74 remained unchanged.
Other global markets, barring CAC, also closed in the green
Thursday.
On BSE, the top gainers of the day included Hindalco at Rs.204.05,
up 6.11 percent; Reliance Communication at Rs.589.00, up 5.31
percent; and Reliance at Rs.2622.65, up 3.66 percent.
A noteworthy gainer of the day was Larsen & Toubro whose
ready-mix-concrete business was acquired by the French cement giant
Lafarge for Rs.14.80 billion Thursday morning. Its stock soared to
Rs.2,962.50, up 4.67 percent.
The top losers included Satyam at Rs.483.90, down 3.43 percent;
Hindustan Unilever Ltd at Rs.238.60, down 1.85 percent; Tata Motors
at Rs.662.65, down 1.47 percent and Tata Steel at Rs.881.90, down
0.50 percent.
May 15, 2008
IANS | Top
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