Modi effect at BSE; stocks of Gujarat based companies soar sharply

December 24th, 2007 - 6:45 pm ICT by admin  

Mumbai, Dec 24 (ANI): The Gujarat-based companies today rallied sharply after the Narendra Modi Government retained power in the state on Sunday. Narendra Modi

The top grosser was GHCL that posted a gain of over 13 per cent. Mundra Port gained nine per cent. Gujarat Narmada, GSFC, Gujarat Petronet and Gujarat Alkali also registered good growth.

The 30-share sensitive index (Sensex) opened with a positive gap of 146 points at 19, 038 and gained 691 points before closing at 19, 854.

The Sensex touched a high of 19, 879 during post-noon trading at the Bombay Stock Exchange.

The Midcap index also posted a growth of 186 points and the Smallcap registered gain of 167 points.

All sectoral indices also performed well with the BSE IT index zooming by over six per cent, the BSE Bankex, Power, PSU and TECH indices soaring by three to five per cent.

Wipro gained nine percent and Infosys zoomed by nearly seven per cent. TCS, Bharti and Satyam were up by six per cent each. Reliance advanced nearly three per cent and ICICI Bank gained over four per cent. (ANI)

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