Markets swing back, recoup most of Thursday losses (Roundup)January 16th, 2009 - 7:09 pm ICT by IANS
Mumbai, Jan 16 (IANS) Pulling down the shutters on a volatile trading week, Indian equities markets closed higher than previous close Friday, with a key index shutting shop 3.06 percent higher almost reversing Thursday’s losses.The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 3.06 percent or 276.85 points from its previous close and ended trade at 9,323.59 points.
The Sensex opened at 9,125.65 points Friday, higher than Thursday’s close of 9,046.74.
Similarly, the broader S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,828.6 points, 3.36 percent above its previous close.
Other market indices like the BSE midcap index gained 0.53 percent while the smallcap index rose marginally by 0.07 percent.
Of the 13 sectoral indices on the BSE, only one - realty - ended in the negative territory with the BSE realty index closing 2.39 percent lower than Thursday’s close.
Markets were a mixed bag Friday with as many as 1,241 stocks advancing, 1,162 scrips declining, and 94 scrips remaining unchanged.
Among major gainers were public sector power utility NTPC (up 7.69 percent to close at Rs.179.85), Reliance Infra (up 7.34 percent to Rs.541.20), Reliance Industries (up 6.56 percent to Rs.1,128.40).
Top losers Friday DLF (down 3.51 percent at Rs.195.20) and Tata Consultancy Services(down 1.38 percent at Rs.502.95).
In other Asian markets, the Nikkei, a key index of the Tokyo Stock Exchange, closed up 2.58 percent over its last close while the Hang Seng, a key index of the Hong Kong Stock Exchange, rose 0.09 percent over its previous close.