Markets end in green, boosted by low inflation numbers

April 17th, 2008 - 6:38 pm ICT by admin  

A file-photo of Sensex

Mumbai, April 17 (IANS) The Indian equity markets continued their gaining rally Thursday and ended with a decent gain which was boosted by the slight decline in inflation. IT and banking stocks were in demand throughout the session. Realty and metal stocks picked up momentum in the last hour of trade.

Positive cues from the global markets also boosted the domestic bourses in the early trade.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,456.04 points and touched a high of 16,570.57 before closing at 16,481.20 points. It went up by 237.01 points at the day’s close or 1.46 percent.

The National Stock Exchange (NSE) S&P Nifty, which opened at 4,890.60 points, closed at 4,958.40 points. It went up by marginal 71.01 points or 1.45 percent.

The BSE Midcap index, which closed at 6,836.39 points, went up by 137.29 points or 2.05 percent.

BSE Smallcap index, which closed at 8,531.36.14 points, went up by 180.22 points or 2.16 percent.

On BSE, the market breadth was positive - 2025 shares advanced, 703 declined and 51 maintained status quo.

The top gainers of the day were HDFC Bank at Rs.1,396.4 went up by 6.95 percent, Hindalco at Rs.186.35 gained 5.58 percent, DLF at Rs.648.6 surged to 4.28 percent.

The top losers of the day included HUL at Rs.232.5 down by 3.59 percent, ACC at Rs.799.4 slid by 0.85 percent, Larsen and Toubro at Rs.2,776.20 down by 0.80 percent.

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