Equity markets end losing streak (Roundup)

August 20th, 2008 - 6:40 pm ICT by IANS  

Mumbai, Aug 20 (IANS) Indian equity markets closed in the green Wednesday, ending a five-day losing streak on the back of strong cues from the global markets. Capital goods, metal and realty stocks led the gaining rally. The market started on an upswing and rose throughout the day.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,610.57 points, touched a high of 14,746.20 before closing at 14,678.23. It went up by 134.50 points or 0.92 percent at the day’s close.

The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,365.45 points, closed at 4,415.75. It went up by 47.50 points or 1.09 percent.

The BSE Midcap index, which closed at 5,826.37 points, went up by 60.05 points or 0.92 percent.

The BSE Smallcap index, which closed at 7,066.23 points, went up by 53.49 points or 0.76 percent.

The market breadth was positive. On the BSE, 1,666 shares advanced, 969 declined and 83 maintained status quo.

Top gainers of the day included Reliance Communication at Rs.399.80 up 3.76 percent, Grasim Industires Ltd at Rs.1,957.05 up 3.64 percent and BHEL at Rs.1,677.90 up 3.40 percent.

Top losers of the day included ONGC Ltd at Rs.1,062.60 down 2.52 percent, Mahindra and Mahindra Ltd at Rs.561.20 down 2.08 percent and Satyam computer at Rs.405.65 down 0.74 percent.

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