Indian equity market ends week in green despite high inflationApril 11th, 2008 - 6:44 pm ICT by admin
Mumbai, April 11 (IANS) The Indian equities market shrugged off the announcement of high inflation figures and closed the week in the green Friday, in tune with its peers abroad. The market opened in the green as per international cues, and managed to remain stable with a slight upward climb. Important sectors like energy, metals, oil and gas and capital goods closed at higher levels though banks, FMCG, realty and IT scrips ended lower.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 15,840.56 points and notched a high of 15,957.24 before closing at 15,807.64. It gained 112.54 points or 0.72 percent compared to Thursday’s close.
The S&P CNX Nifty index of the National Stock Exchange (NSE), which opened at 4,734.35 points, closed at 4,777.80 after touching the day’s high at 4,817.40. It ended with a rise of 44.80 points or 0.95 percent from the previous close.
The BSE Midcap index, which closed at 6,523.22 points, went up 44.26 points or 0.68 percent.
Similarly, the BSE Smallcap index, which closed at 8,081.43 points, went up 50.37 points or 0.63 percent.
On BSE, the market breadth was positive with moderate trading volumes; 1,637 shares advanced, 1,050 declined and 62 remained unchanged.
All other major Asian markets also closed in the green Friday.
On BSE, top gainers of the day included Larsen & Toubro at Rs.2,774, up 3.57 percent, Reliance at Rs.2,550.05, up 3.34 percent, BHEL at Rs.1,829.95, up 3.67 percent and Satyam at Rs.433.20, up 2.30 percent.
The top losers of the day included Infosys at Rs.1,422.45, down 2.13 percent, Hindustan Unilever Ltd at Rs.235.15, down 2.02 percent and Ambuja Cements at Rs.117.60, down 3.61 percent.