Strong global trends help Indian markets bounce back

February 21st, 2008 - 6:52 pm ICT by admin  

A file-photo of Sensex

Mumbai, Feb 21 (IANS) Indian equities markets Thursday bounced back on strong showing by global peers and ended the day in positive territory. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,825.22 points and notched a high of 17,911.66 before closing at 17,734.68 points. It gained 117.08 points or 0.66 percent at the day’s close.

The S&P CNX Nifty index on the National Stock Exchange (NSE), which opened at 5,156.90 points, closed at 5,191.80 after touching the day’s high at 5,206.10 points.

At close, it registered a rise of 37.35 points or 0.72 percent.

The BSE Midcap index, which closed at 7,668.93 points, went up 79.54 points or 1.05 percent.

Similarly, the BSE Smallcap index, which closed at 9,692.99 points, went up 61.73 points or 0.64 percent.

On BSE, the market breadth was extremely low with low trading volumes. A total of 1,459 shares advanced, 1,251 shares declined and 73 shares remained unchanged.

Other Asian and European markets also closed in a healthy green Thursday.

The top gainers of the day at BSE included Satyam at Rs.458.20, up 8.45 percent, Hindalco at Rs.189.45, up 7.22 percent, Wipro at Rs.431.65, up 4.95 percent and Tata Steel at Rs.806.05, up 4.33 percent.

The top losers of the day at BSE were HDFC at Rs.2,648.55, down 3.75 percent, ICICI Bank at Rs.1,143.85, down 1.97 percent, BHEL at Rs.2,092.05, down 1.51 percent and State Bank of India at Rs.2,179.30, down 1.19 percent.

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