Markets swing back following Infosys resultsApril 15th, 2008 - 6:51 pm ICT by admin
Mumbai, April 15 (IANS) The Indian equity markets ended Tuesday in green after a lacklustre start. IT major Infosys’ positive results triggered a broad-based rally in IT stocks. The gaining rally was led by healthcare, oil, gas and IT stocks. With mixed cues from emerging markets, Indian equity started the day with a sharp cut but by afternoon moved into the positive zone and surged in late trade.
The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex) opened at 15,694.41 points and touched a high of 16,249.46 before closing at 16,153.66 points. It went up by 346.02 points or 2.19 percent at the day’s close.
The National Stock Exchange (NSE) S&P Nifty, which opened at 4,779.95 points, closed at 4,879.65 points. It went up by 101.85 points or 2.13 percent.
The BSE Midcap index, which closed at 6,604.42 points, went up by 81.20 points or 1.24 percent.
BSE Smallcap index, which closed at 8,081.43 points went up by 122.96 points or 1.52 percent.
On BSE, the market breadth was positive - 1,784 shares advanced, 875 declined and 50 maintained status quo.
The top gainers of the day were Ranbaxy labs at Rs.481.80 went up by 8.62 percent, TCS at Rs.975.105 gained 7.37 percent, Infosys at Rs.1510.80 surged 6.21 percent.
The top losers of the day included Hindalco at Rs.173.55 down by 1.55 percent, Ambuja Cements at Rs.116.55 slid by 0.89 percent and HDFC bank at Rs.1315.25 down by 0.95 percent.