Markets holding firm on IT stocks rally at afternoon trade

April 16th, 2008 - 4:41 pm ICT by admin  

(Second Lead)

Mumbai, April 16 (IANS) The Indian equities market extended its gains in afternoon trade on the back of rally in IT stocks. Metal and realty stocks also led the gaining rally. Positive cues from global markets boosted domestic bourses Wednesday. Other Asian markets that opened before the Indian markets, were trading higher.

At 1:20 p.m., the 30-share sensitive index of the Bombay Stock Exchange (BSE) was up by 149.68 points or 0.93 to 16,303.34. It had gained 260.14 points when it hit the day’s high of 16,413.80 in early trade.

The S&P CNX Nifty was up 40.15 points or 0.82 percent at 4919.80.

The market breadth was strong. On BSE, 1,919 stocks gained, 530 stocks declined and 78 stocks stayed unchanged.

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