Market ends with hefty gain, surges 312 points

May 2nd, 2008 - 6:41 pm ICT by admin  

A file-photo of Sensex

Mumbai, May 2 (IANS) The Indian equities market ended the last day of the trading session of the week with a hefty gain Friday. The banking and realty sectors led the gaining rally. Except metal, all sectoral indices ended the day in green. With strong cues emerging from global markets, the markets started the day on positive zone and by mid afternoon extended their gains and continued the gaining rally till the close of the trading session.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 17,560.15 points and touched a high of 17,621.24 before closing at 17,600.12 points. It went up by 312.81 points at the day’s close or 1.81 percent.

The National Stock Exchange (NSE) S & P Nifty, which opened at 5,265.30 points, closed at 5,228.20 points. It went up by 62.30 points or 1.21 percent.

The BSE Midcap index, which closed at 7,237.47 points, went up by 98.73 points or 1.38 percent.

The BSE Smallcap index, which closed at 8,821.71 points went up by 48.14 points or 0.55 percent.

The market breadth was positive. On BSE, 1,400 shares advanced, 1,301 declined and 67 maintained status quo.

The top gainers of the day were Reliance Infrastructure at Rs.1,523.30, up by 6.85 percent, ICICI bank at Rs.935.50 gained 6.38 percent, Maruti Suzuki at Rs.788 surged 6.21 percent.

The top losers of the day included Hindalco at Rs.185.85 down by 4 percent, Reliance Communication at Rs.561.02 slid by 3.20 percent, Tata Steel at Rs.797 went down by 2.52 percent.

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