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June 11, 2008
Equity Markets End Losing Streak

Mumbai
The Indian equity markets ended their losing streak Wednesday, tracking strong global markets, as investors resorted to bargain buying after the sharp fall in share prices in the last two days.

Except FMCG, all the sectoral indices ended the day in the green.

The market started with a positive gap and traded firmly throughout the day.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 15,018.68 points and touched a high of 15,225.81, before closing at 15,185.32 points.

It went up by 296.07 points or 1.99 percent compared to its closing figure Tuesday.

The S&P Nifty index of the National Stock Exchange, which opened at 4,469.65 points, closed at 4523.60. It went up by 73.80 points or 1.66 percent from its previous close.

The BSE Midcap index, which closed at 6,190.72 points, went up by 86.89 points or 1.42 percent.

The BSE Smallcap index, which closed at 7,467.30 points, went up by 126.14 points or 1.72 percent.

The market breadth was positive. On BSE, 1,830 shares advanced, 809 declined and 77 maintained the status quo.

The top gainers of the day included BHEL at Rs.1481.45 up 7.19 percent; Ambuja Cements at Rs.88.20 up 7.17 percent; and DLF at Rs.511.20 up 6.53 percent.

The top losers of the day included Tata Motors at Rs.505.60 down 1.42 percent; Reliance Communication at Rs.543.05 down 1.41 percent; and Grasim at Rs.2,192.05 down 1.13 percent.    

IANS | June 11, 2008

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