Markets move further up as bulls take charge (Lead)

April 17th, 2009 - 1:08 pm ICT by IANS  

Sensex Mumbai, April 17 (IANS) Markets turned bullish again Friday after a brief lapse a day earlier as a key index zoomed about 342.48 points into the green late in the morning.
Around 11.20 a.m., the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 11,067.71 points, was at 11,289.88 points, 3.13 percent or 342.48 points higher than its previous close Thursday.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) was at 3,480.25 points, 3.29 percent up from its last close of 3,369.5 points.

Broader market indices followed key indices, with the BSE midcap index up 3.61 percent, and the BSE smallcap index up 3.15 percent.

Of the 13 sectoral indices on the BSE, the indices for realty, banking and IT stocks gained the most.

Among the scrips on the 30-composite Sensex, 29 were in the green, including Jaipraksh Associates, up 7.49 percent at Rs.121.20; Reliance Infra, up 7.04 percent at Rs.689.10; SBI, up 5.95 percent at Rs.1,336.80; and L&T, up 5.69 percent at Rs.878.80.

The only loser was ITC, down 0.55 percent at Rs.190.50.

In other Asian markets, a key Japanese index - the Nikkei of the Tokyo Stock Exchange - was in the green close to end of trade Friday at 8,917.22 points, about 161.96 points higher than its last closing figure.

The Hang Seng, a key index of the Hong Kong Stock Exchange, was also in positive terrain at 15,805.01 points, 1.42 percent higher than its last close.

US stock markets closed in the green overnight with the blue-chip Dow Jones Industrial Average ending 95.81 points or 1.19 percent higher at 8,125.43 points.

The broader Standard and Poor’s 500 Index gained 13.24 points, or 1.55 percent, to 865.30, while the technology-heavy Nasdaq Composite Index increased 43.64 points or 2.68 percent, to 1,670.44.

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