Markets end the week in greenMarch 28th, 2008 - 6:59 pm ICT by admin
Mumbai, March 28 (IANS) The Indian equities market closed in the green Friday in spite of the surge in inflation and overnight fall in US markets. Metal and consumer goods led the rally here. With strong cues from other Asian markets, Indian equities started the day on a firm note and stayed steady. All the indices of the Bombay Stock Exchange (BSE) ended the day in the green.
The 30-share benchmark of the BSE, the Sensex, opened at 16,100.26 points and notched a high of 16,452.08 before closing at 16,371.29. It went up by 355.73 points or 2.22 percent at the day’s close.
The National Stock Exchange (NSE) S&P Nifty, which opened at 4,830.00 points, closed at 4,942.00, after touching the day’s high of 4,970.80.
At day’s close it notched a gain of 111.75 points or 2.31 percent.
The BSE Midcap index, which closed at 6,522.79 points, gained by 246.53 points or 3.93 percent.
Similarly, the BSE Smallcap index, which closed at 7,901.98 points surged by 375.20 points or 4.98 percent.
On BSE, the market breadth was positive with modest trading volumes. Of all the shares, 2,333 advanced, 370 declined and 34 maintained status quo.
The top gainers of the day were Tata Steel at Rs.716.75 up by 9.46 percent, Larsen and Toubro at Rs.3,147.25 surged by 6.19 percent and Infosys at Rs.1,526.35 up by 3.08 percent.
The top losers of the day included HDFC Bank at Rs.1,401.05 down by 2.36 percent, ONGC at Rs.1,051.55 down by 1.65 percent and Tata Motors at Rs.645.95 sliding 1.41 percent.