Indian equity market ends with marginal gains(Roundup)June 12th, 2008 - 7:37 pm ICT by IANS
Mumbai, June 12 (IANS) Boosted by the better than expected industrial growth data, the Indian equities market closed with a gain for the second consecutive day. The market started with a sharp cut due to weak global cues and the repo rate hike the central bank announced after trading hours Wednesday. It, however, staged a sharp recovery by the early afternoon due to the better Index of Industrial Production (IIP) data and continued to trade in positive zone till the end of the trading session.
The Sensitive Index (Sensex), the 30-share benchmark of the Bombay Stock Exchange (BSE), opened at 14,957.53 points and touched a high of 15,270.85 before closing at 15,250.20 points. It went up by 64.88 points or 0.43 percent at the day’s close.
The National Stock Exchange (NSE) S&P Nifty, which opened at 4,524.40 points, closed at 4,539.35 points. It went up by 15.75 points or 0.35 percent.
The BSE Midcap index, which closed at 6,223.50 points, went up by 32.78 points or 0.53 percent.
The BSE Smallcap index which closed at 7,525.90 points went up by 58.60 points or 0.78 percent.
The market breadth was positive. On BSE, 1,481 shares advanced, 1,109 declined and 84 maintained status quo.
The top gainers of the day were BHEL at Rs.1,518.80, up by 2.52 percent, Reliance Infrastructure at Rs.1,046.50, gaining 2.40 percent and Tata Steel at Rs.856.85 surged 2.35 percent.
The top losers of the day included Ranbaxy Labs at Rs.543.50, down by 3.08 percent, DLF at Rs.497.70 lost 2.64 percent, Ambuja cements at Rs.85.90 went down by 2.61 percent.