Markets ends with a hefty gain, realty,metal stocks shine (Roundup)July 2nd, 2008 - 6:07 pm ICT by IANS
Mumbai, July 2 (IANS) The Indian equities market ended its extended losing streak and closed the day with a hefty gain on the back of heavy buying in realty, capital goods, metal and technology stocks. The market started on a firm note and extended its gain by afternoon, and in the last hour of trade it spurted and closed the day on the green. This was the first gain in four days.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 12,948.05 points, touched a high of 13,712.31 before closing at 13,664.62 points. It went up by 702.94 points or 5.42 percent at the days close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 3895.30 points, closed at 4093.35 points. It went up by 196.60 points or 5.05 percent.
The BSE Midcap index, which closed at 5,311.30 points, went up by 169.44 points or 3.30 percent.
BSE Smallcap index which closed at 6,506.80 points went up by 121.69 points or 1.91 percent.
The market breadth was positive. On the BSE, 1,586 shares advanced, 1,094 declined and 57 maintained status quo.
The gainers of the day were DLF at Rs.423.95 went up by 15.08 percent, Reliance Infrastructure at Rs.790.50 gained 12.60 percent, and HDFC at Rs.2039.20 up by 11.10 percent.
The top losers of the day included ITC at Rs.179.60 down by 2.10 percent, and ACC at Rs.502.10 lost 0.66 percent.