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29 July, 2010 20:36 IST

Market ends higher

Source: IRIS (07 November 2008)

Market ends higher
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The equities ended on a higher note on account of intense buying interest seen in blue-chip stocks-Reliance Infra, Hindalco and Reliance Communication. Power, oil  & gas, metal and PSU stocks gained ground.

Asian stocks ended in the green, after falling in the initial hours of trade due to slowing global economy driving down commodity prices and Toyota Motor and Olympus lowering profit forecasts.

BSE Midcap and Smallcap index rose 1.11% and 0.51% respectively.

Equities opened lower for the third straight session on increasing global recessionary pressures. The Sensex belled the day on a negative terrain with a loss of 102.63 points, at 9,631.59 on Friday.

The Sensex ended the day with a gain of 230.07 points, or 2.36% at 9,964.29 after touching a high of 10,065.37 and a low of 9,631.59. The broad-based NSE Nifty gained 80.35 points, or 2.78% at 2,973.00 after hitting a high of 3,010.00 and a low of 2,860.10.

Biggest gainers in the 30-share index were Reliance Infra (10.92%), Hindalco Industries (6.61%), Reliance Communications (5.53%), Tata Consultancy Services (4.87%), NTPC (4.78%), and Jaiprakash Associates (4.65%).

On the other hand, Mahindra & Mahindra (1.83%), ICICI Bank (0.67%), Maruti Suzuki India (0.38%), Oil & Natural Gas Corporation (0.29%), and Tata Motors (0.16%) were the major losers in the Sensex.

Overall market breadth was positive. Out of the total 2,616 stocks traded at BSE, 1,417 advanced, 1,124 declined while 75 remained unchanged.


  Indices Trend
    Sensex   Nifty
Period Value % Change Value % Change
1 Week 9,044.51 10.17 2,697.05 10.23
1 Month 11,695.24 (14.80) 3,606.60 (17.57)
3 Months 15,167.82 (34.31) 4,529.50 (34.36)
6 Months 16,737.07 (40.47) 4,982.60 (40.33)
1 Year 18,737.27 (46.82) 5,617.10 (47.07)


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