Markets end with a decent gain mid-week

April 16th, 2008 - 7:10 pm ICT by admin  

A file-photo of Sensex

Mumbai, April 16 (IANS) For the second consecutive day, the Indian equities market notched a decent gains Wednesday with IT stocks leading the gaining rally. Positive cues from the global markets boosted the domestic bourses in the early trade. The market, after trading in a narrow range through the day, eased from early highs and ended with gains during mid-week.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,288.76 points, and touched a high of 16,413.80 before closing at 16,244.19 points. It went up by 90.53 points at the day’s close or 0.56 percent.

The National Stock Exchange (NSE) S & P Nifty, which opened at 4881.65 points, closed at 4887.30 points. It went up by marginal 7.65 points or 0.16 percent.

The BSE Midcap index, which closed at 6,699.10 points, went up by 94.68 points or 1.43 percent.

The BSE Smallcap index, which closed at 8,351.14 points, went up by 146.75 points or 1.79 percent.

On BSE, the market breadth was positive. 1864 shares advanced, 816 declined and 74 maintained status quo.

The top gainers of the day were Infosys at Rs.1599.95, up 5.90 percent, Reliance energy at Rs.1345.25 up 3.44 percent, Wipro at Rs.447.35, up 5.35 percent and Hindalco at Rs.176.50, up 1.70 percent.

The top losers of the day included BHEL at Rs.1778.15, down by 3.22 percent, Ambuja Cements at Rs.112.35 down by 3.60 percent, Tata Motors at Rs.613.25, down by 1.96 percent and Jaiprakash Associate at Rs.213.75, down by 2.31 percent.

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