Equity markets maintain surge morning after trust vote (Lead)

July 23rd, 2008 - 12:40 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 23 (IANS) Indian equity markets started a quick climb Wednesday, the morning after the United Progressive Alliance government won the crucial trust vote in parliament, and maintained the upward movement in the first hour of trading. Banking, realty and capital goods stocks led the rally at the bourses in initial trade.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened with a gain of 464.02 points at 14,568.22 points. Just after 11 a.m., it was at 14,687.72, 583.52 points or 4.14 percent above its closing figure Tuesday.

At the same time, the S&P CNX Nifty index of the National Stock Exchange was trading at 4,412.30 points with a gain of 172.20 points or 4.06 percent compared to its last close.

The market breadth was positive. On BSE, 1,473 shares advanced, 190 declined and 22 remained unchanged.

Reliance Infrastructure, Reliance Communications and DLF were among the top gainers while Wipro and ITC Ltd were among the top losers in initial trade.

Other Asian markets were also trading higher.

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