Indian equity markets end losing streak

March 11th, 2008 - 7:45 pm ICT by admin  

A file-photo of Sensex

Mumbai, March 11 (IANS) The Indian equity markets Tuesday ended their two-day losing streak, mirroring strong global cues and ended the day in green. The markets that started with a modest cut, recovered by mid session and ended the day on a gaining side. Realty, public sector undertaking (PSU) and capital goods led the upward march.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 15,778.27 points and notched a high of 16,168.13 before closing at 16,123.15 points. It went up by 199.43 points at the day’s close or 1.25 percent.

The National Stock Exchange (NSE) S&P Nifty, which opened at 4,796.30 points, closed at 4,865.90 points, after touching the day’s high of 4,888.50 points.

At the day’s close, it notched a gain of 65.50 points or 1.36 percent.The BSE Midcap index, which closed at 6,992.84 points, went up by 224.92 points or 3.32 percent.

Similarly, the BSE Smallcap index, which closed at 8,559.10 points surged by 310.37 points or 3.76 percent.

On BSE, the market breadth was positive with modest trading volumes, which saw 2109 shares advancing, 605 declining and 33 maintaining status quo.

Cues from the global markets were also strong. All Asian markets like Taiwan, Nikkei and KOSPI ended the day in green while in NASDAQ and Dow Jones in the US closed at a higher point.

The top gainers of the day included DLF at Rs.749.10, up 10.11 percent, Larsen and Toubro at Rs.2,917.00, up 6.90 percent, ACC cement at Rs.810.60 up 5.76 percent and Ranbaxy Ltd at Rs.453.30 up 4.62 percent.

The top losers were Maruti Suzuki at Rs.866.35 down by 3.03 percent, Satyam at Rs.395.85 down by 2.98 percent, HDFC at Rs.2,501.40 down by 2.66 percent and Cipla at Rs.195.80 down by 2.95 percent.

Tags: , , , , , , , , , , , ,

Posted in Business |

Subscribe