Sensex rises, but closes off day’s high (Roundup)

March 18th, 2009 - 6:48 pm ICT by IANS  

Sensex Mumbai, March 18 (IANS) Indian equities closed with good gains Wednesday, but off the day’s high. A key index that crossed 9,000 points in the afternoon trade slipped below the psychologically important mark before closing 1.27 percent higher than its previous close.
The 30-scrip Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 8,956.3 points, closed at 8,976.68 points - a rise of 112.86 points or 1.27 percent.

Similarly, the S&P CNX Nifty of the National Stock Exchange (NSE) gained 1.27 percent from its last close to shut shop at 2,792.4 points.

The BSE midcap index ended 2.36 percent higher, while the BSE smallcap index was up 1.8 percent.

Of the 13 sectoral indices on the exchange, the indices for realty, metal and consumer goods stocks gained the most while FMCG stocks saw selling.

Among gainers on the 30 composite Sensex were: DLF, up 7.76 percent at Rs.171.45; Jaiprakash Associates, up 6.46 percent at Rs.79.15; Tata Steel, up 4.54 percent at Rs.176.30; and BHEL, up 4.28 percent at Rs.1,458.60.

Top losers were: Mahindra and Mahindra, down 4.09 percent at Rs.362; Tata Power, down 2.4 percent at Rs.660.50; ITC, down 2.11 percent at Rs.169.45; and ACC, down 1.46 percent at Rs.548.40.

The overall market sentiment was mixed, with 1,552 stocks advancing, 930 scrips declining and 108 remaining unchanged.

Asian markets were a mixed bag with Japan’s benchmark Nikkei 225 Stock Average shutting shop 23.04 points higher than its previous close, while the Hang Seng, a key index of the Hong Kong Stock Exchange ended trade 1.86 percent or 239.08 points higher at 13,117.17 points.

European markets, which came online before Indian bourses ended trade, turned red, with the FTSE in Britain ruling 0.22 percent lower and its French peer CAC 40 trading in positive terrain, 19.59 points or 0.71 percent higher.

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