Indian equities market shrugs off inflation data

April 11th, 2008 - 2:45 pm ICT by admin  

A file-photo of Sensex
(Second Lead)

Mumbai, April 11 (IANS) Despite bad news on the soaring inflation front, the Indian equities market surged ahead unperturbed during the mid-session trading Friday. To the contrary, reports of a rise in industrial growth boosted investor confidence substantially.

At 12.30 p.m. the 30-share benchmark sensitive index of the Bombay Stock Exchange, the Sensex, showed a gain of 235.89 points to reach 15,930.99, a rise of 1.50 percent.

The S&P Nifty index of the National Stock Exchange that opened at 4,734.35 points with a marginal gain of 1.35 percentage points showed a gain of 1.72 percent to reach 4,814.50 points.

Other major Asian markets were also trading in the green.

The gainers in the mid-session here included Larsen & Toubro, Reliance, Reliance Energy and BHEL, while the losers included Infosys, ITC and Hindustan Unilever Ltd.

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