Market ends last trading day of the week in green (Roundup)July 4th, 2008 - 9:20 pm ICT by IANS
Mumbai, July 4 (IANS) The Indian equities market ended the day in green on the back of heavy buying in realty, capital goods, power and banking stocks. Markets did not react to higher inflation number which touched 11.63 percent on the week ended June 21 compared to 11.42 percent last week.
The market started on a firm note and extended its gain by afternoon and in the last hour of trade spurted and closed the day on the green.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 13,127.10 points, touched a high of 13,509.74 before closing at 13,454.00 points. It went up by 359.89 points or 2.75 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 3,926.65 points, closed at 4,016.00 points. It went up by 90.25 points or 2.30 percent.
The BSE Midcap index, which closed at 5,278.24 points, went up by 116.48 points or 2.26 percent.
BSE Smallcap index which closed at 6,449.67 points, went up by 100.50 points or 1.58 percent.
The market breadth was positive. On the BSE, 1,696 shares advanced, 898 declined and 83 maintained status quo.
The gainers of the day were Reliance communications at Rs.438.20 up by 12.50 percent,,Jaiprakash Associate at Rs.153.30 gained 10.65 percent, and DLF at Rs.414.55 went up by 8.56 percent.
The top losers of the day included Tata Steel at Rs.640.10 down by 2.64 percent, Cipla at Rs.207.95 lost 1.70 percent, and TCS at Rs.843.75 lost 1.30 percent.