Equity markets rise for second day in a row (Roundup)

July 18th, 2008 - 6:24 pm ICT by IANS  

A file-photo of Sensex

Mumbai, July 18 (IANS) Indian equity markets continued their rally Friday and closed the trading week with hefty gains. Banking, realty and oil stocks led the winning rally. Except IT and metal all the sectoral indices ended the day in the green. The markets started on a positive note, extended their gains by the afternoon and ended the day with hefty gains.

The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 13,234.53 points, touched a high of 13,684.27 before closing at 13,635.40 points. It went up by 523.55 points or 3.99 percent compared to its closing figure Thursday.

The S&P CNX Nifty index of the National Stock Exchange, which opened at 3,962.95 points, closed at 4,092.25. It went up by 145.05 points or 3.67 percent from its previous close.

The BSE Midcap index, which closed at 5,239.39 points, went up by 84.05 points or 1.63 percent.

The BSE Smallcap index, which closed at 6,455.89 points, went up by 68.77 points or 1.08 percent.

The market breadth was positive. On BSE, 1,616 shares advanced, 980 declined and 90 maintained status quo.

The top gainers of the day included ICICI Bank at Rs.617.60 up 12.05 percent, HDFC at Rs.2067.55 up 9.47 percent and HDFC Bank at Rs.1033.55 up 7.87 percent.

The top losers of the day included Satyam at Rs.382.95 down 7.51 percent, Wipro at Rs.365.55 down 3.75 percent and Ranbaxy Labs at Rs.437.45 down 3.26 percent.

Tags: , , , , , , ,

Posted in Business |