Markets trading in green, power and auto stocks declineApril 3rd, 2008 - 2:43 pm ICT by admin
Mumbai, April 3 (IANS) The Indian equity markets extended their gains Thursday and were trading in the green early afternoon. There was buying interest in metal, IT and oil and gas sectors while capital goods, power and auto were under selling pressure. The BSE (Bombay Stock Exchange) Small-Cap indices declined. Other Asian markets that opened before the Indian market edged higher after a US jobs indicator raised hopes of a milder recession than previously feared in the world’s biggest economy.
At 12:30 p.m., the 30-share BSE index, the Sensex, was up 234.69 points or 1.49 percent at 15,985.09. At the day’s high it had touched 15,989.11 points.
At the same time the broader based S&P CNX Nifty was up 57.35 points or 1.21 percent to 4,811.55.
The market breadth was positive on BSE: 1,190 shares advanced as compared to 1,157 that declined; 58 shares remained unchanged.
Reliance Energy, Power Grid Corporation of India, Tata Power Company and Reliance Power edged lower.