Markets rise as trading begins on last day of year

December 31st, 2008 - 11:49 am ICT by IANS  

Mumbai, Dec 31 (IANS) Indian equity markets rose soon after the opening bell on the last day of 2008, with a key index gaining by 0.58 percent about 15 minutes into trade.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened the day at 9,806.64 points against Tuesday’s close at 9,716.16 points and was at 9,772.45 points about 15 minutes into trading, 0.58 percent higher than its previous close.

At the National Stock Exchange (NSE), the broader S&P CNX Nifty index followed the Sensex, rising 0.15 percent Wednesday from its previous closing figure to be around 2,983.40 points at the same time.

The midcap and smallcap indices of the BSE also gained soon after opening.

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