The Indian market closed on a firm note tracking the favoring the cues from the global markets as well as from the domestic arena like the strong IIP figures that grew by 8.6% in February 2008 as against previous month growth of 5.8%. The market opened with a with heavy gains but it tumbled in the middle due to high inflation figures that rose 7.41% for the week ended 29 March 2008 as against the previous week rise of 7%. From the sectoral front, the capital goods and Oil and Gas stocks remained in the limelight as most buying was seen from these baskets.
The BSE Sensex closed higher by 112.54 points at 15,807.64 and NSE Nifty closed up by 44.8 points to close at 4,777.80. The Sensex touched an intraday high of 15,957.24 and low of 15,673.67. The BSE Mid Caps and Small Caps also closed up by 44.26 points and 50.37 points at 6,523.22 and 8,081.43 respectively.
The market breadth was strong as 1637 stocks closed in green as against 1050 stocks that closed in red.
The Capital Goods index surged 368.38 points at 12,899.13. Major gainers are Areva (6.62%), Kirlosker oil (6.05%), Thermax (5.24%), Punj Lloyd (4.45%), L&T (3.57%), Siemens (3.54%) and ABB (1.90%).
The Oil and Gas index closed up by 302.01 points at 11,028.75. Gainers are Aban Offshore by (5.43%), Cairn India by (4.38%), Gail India (3.87%), Essar Oil (3.81%), RPL (3.68%) and Reliance industries by (3.34%).
The Metal index grew by 111.43 points to close at 13,966.38. Scrips that gained are Jindal Stainless (3.63%), Jindal Steel (2.87%), Hind Zinc (2.85%), Hindalco inds (1.67%), SAIL (0.93%) and Tata Steel (0.92%).
The BSE Power index increased by 64.36 points at 3,164.39. Scrips that grew are Areva (6.62%), CESC (4.13%), Tata Power (3.95%), Siemens (3.54%), GVK Power (3.13%) and Reliance Energy (2.22%).
The Bankex index fell by 50.63 points to close at 7,900.97. Losers are Yes bank (2.57%), Axis bank (2.01%), ICICI bank (1.56%), Kotak bank (1.53%), Andhra bank (1.47%) and BOI (1.43%).
The IT index closed lower by 17.25 points at 3,659.38 as I-Flex (6.87%), Karut Net (4.82%), GTL Ltd (4.06%), Niit Techno (2.67%), Satyam (2.30%) and Niit Ltd (2.29%) closed in green while HCL tech (2.93%), Infosys (2.13%) and Mphasis (0.66%) closed in red.
The BSE Sensex closed higher by 112.54 points at 15,807.64 and NSE Nifty closed up by 44.8 points to close at 4,777.80. The Sensex touched an intraday high of 15,957.24 and low of 15,673.67. The BSE Mid Caps and Small Caps also closed up by 44.26 points and 50.37 points at 6,523.22 and 8,081.43 respectively.
The market breadth was strong as 1637 stocks closed in green as against 1050 stocks that closed in red.
The Capital Goods index surged 368.38 points at 12,899.13. Major gainers are Areva (6.62%), Kirlosker oil (6.05%), Thermax (5.24%), Punj Lloyd (4.45%), L&T (3.57%), Siemens (3.54%) and ABB (1.90%).
The Oil and Gas index closed up by 302.01 points at 11,028.75. Gainers are Aban Offshore by (5.43%), Cairn India by (4.38%), Gail India (3.87%), Essar Oil (3.81%), RPL (3.68%) and Reliance industries by (3.34%).
The Metal index grew by 111.43 points to close at 13,966.38. Scrips that gained are Jindal Stainless (3.63%), Jindal Steel (2.87%), Hind Zinc (2.85%), Hindalco inds (1.67%), SAIL (0.93%) and Tata Steel (0.92%).
The BSE Power index increased by 64.36 points at 3,164.39. Scrips that grew are Areva (6.62%), CESC (4.13%), Tata Power (3.95%), Siemens (3.54%), GVK Power (3.13%) and Reliance Energy (2.22%).
The Bankex index fell by 50.63 points to close at 7,900.97. Losers are Yes bank (2.57%), Axis bank (2.01%), ICICI bank (1.56%), Kotak bank (1.53%), Andhra bank (1.47%) and BOI (1.43%).
The IT index closed lower by 17.25 points at 3,659.38 as I-Flex (6.87%), Karut Net (4.82%), GTL Ltd (4.06%), Niit Techno (2.67%), Satyam (2.30%) and Niit Ltd (2.29%) closed in green while HCL tech (2.93%), Infosys (2.13%) and Mphasis (0.66%) closed in red.
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