Indian equities move up, but remain range bound

December 22nd, 2008 - 11:59 am ICT by IANS  

Mumbai, Dec 22 (IANS) Indian equities opened on a positive note during the penultimate trading week for 2009 beginning Monday, with a key index ruling with a gain of more than 50 points over the previous close, some 20 minutes into trading.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened the day at 10,102.42 points, against Friday’s close at 10,099.91 points, but soon dropped to the negative territory at 10,070.56 points.

But 20 minutes into trading, the barometer index was ruling at 10,156.69 points, with a gain of 56.78 percent, or 0.56 percent, over the previous close.

Only two out of the 13 sector-specific indices - those for fast moving consumer goods and information technology - were ruling in the red, data with the exchange showed. The realty index led the gainers, up 5.68 percent.

Tags: , , , , , , , ,

Posted in Business |