Markets end with minimal gain, IT stocks falters (Roundup)

April 22nd, 2008 - 6:41 pm ICT by admin  

A file-photo of Sensex

Mumbai, April 22 (IANS) The Indian equity markets ended Tuesday with a minimal gain, its sixth straight consecutive close in green. However, IT stocks faltered after Tata Consultancy Services (TCS) results disappointed investors. With weak cues from Asian markets, the Indian market started the day in red but was pulled back by the afternoon, and traded steadily till the close of the trading session.

The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 16,686.55 points and touched a high of 16,853.96 before closing at 16,783.87 points. It went up by 44.54 points at the day’s close or 0.27 percent.

The National Stock Exchange (NSE) S&P Nifty, which opened at 5,037.05 points, closed at 5,049.30 points. It went up by 12.30 points or 0.24 percent.

The BSE Midcap index, which closed at 7,037.62 points, went up by 54.36 points or 0.78 percent. The BSE Smallcap index, which closed at 8,798.08 points went up by 45.25 points or 0.52 percent.

On BSE, the market breadth was positive - 1,569 shares advanced, 1,128 declined and 61 maintained status quo.

The top gainers of the day were BHEL at Rs.1,871.80 up by 5.51 percent, Jaiprakash Associate at Rs.245.65 gained 5.41 percent, HDFC at Rs.2,576.75 surged 3.73 percent.

The top losers of the day included TCS at Rs.887.05 down by 10.63 percent, Wipro at Rs.430.70 slid by 5.06 percent, Satyam at Rs.435.85 down by 5.03 percent.

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