Markets end week with hefty gain (Roundup)August 29th, 2008 - 6:16 pm ICT by IANS
Mumbai, Aug 29 (IANS)Indian equity markets ended last day of the week with a hefty gain, riding piggyback on the decline in inflation rate and strong global markets. Rate sensitive sectors such as banking, realty and auto stocks were in demand.The 30-share benchmark of the Bombay Stock Exchange (BSE) sensitive index (Sensex), which opened at 14,279.02 points, touched a high of 14,586.16 points before closing at 14,564.53 points. It went up by 516.19 points or 3.67 percent at the day’s close.
The National Stock Exchange (NSE) S & P Nifty, which opened at 4,230.60 points, closed at 4,360.00 points. It went up by 146 points or 3.46 percent.
The BSE Midcap index, which closed at 5,742.29 points, went up by 133.44 points or 2.38 percent.
The BSE Smallcap index, which closed at 6,891.64 points, went up by 109.34 or 1.61 percent.
The market breadth was positive. On the BSE, 1,851 shares advanced, 790 declined and 101 maintained status quo.
Top gainers of the day included State Bank of India at Rs. 1,309.45 up 7.16 percent, Reliance Infrastructure Rs. 935.30 up 5.67 percent, and ICICI Bank Ltd at Rs.633.90 up 5.93 percent.