Equity markets end with modest gains (Roundup)July 7th, 2008 - 7:30 pm ICT by IANS
Mumbai, July 7 (IANS) Indian equity markets ended Monday in the green on the back of modest buying in realty, power and technology stocks. The markets started on a firm note and remained positive till early afternoon trade. But they gave up most of their gains in the last hour of trading, due to sell-offs in major oil and capital goods stocks.
The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 13,561.92 points and touched a high of 13,793.39 before closing at 13,525.99 points. It went up by 71.99 points or 0.54 percent compared to its closing figure last Friday.
The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,002.00 points, closed at 4,030.00. It went up by 14 points or 0.35 percent from its previous close.
The BSE Midcap index, which closed at 5,339.81 points, went up by 61.57 points or 1.17 percent.
The BSE Smallcap index, which closed at 6,593.01 points, went up by 143.34 points or 2.22 percent.
The market breadth was positive. On BSE, 1,853 shares advanced, 788 declined and 65 maintained status quo.
The gainers of the day included Jaiprakash Associate at Rs.160.15 up 4.47 percent; Mahindra and Mahindra at Rs.496.35 up 4.40 percent and Maruti Suzuki at Rs.574.35 up 4.34 percent.
Top losers of the day included Reliance Communications at Rs.419.80 down 4.20 percent; Reliance Industries at Rs.2028.15 down 3.38 percent and BHEL at Rs.1466.35 down 2.26 percent.