The Indian market closed with marginal gains after facing heavy selling pressures at the initial session. Though the market opened on a weak note tracking the subdued cues from the global markets but finally managed to made a smart comeback after mid session on the back of recovery in the Asian markets. This led to the heavy buying across the sectoral indices to post good gains. From the sectoral point, Realty, Metal and Capital goods indices reported good gains as most buying was seen from these baskets. The IT index today also continued its losing trend as TCS reported poor financial performance for the fourth quarter ended March 2008 in which its net profit fell by 5.95% to Rs1108.81 crore.
The BSE Sensex closed higher by 44.54 points at 16,783.87 and NSE Nifty closed up by 12.3 points at 5,049.30. The Sensex touched an intraday high of 16,853.96 and low of 16,597.53. The BSE Mid Caps and Small Caps closed up by 54.36 points and 45.25 points at 7,037.62 and 8,798.08 respectively.
Major gainers from the BSE are IFCI 15.63%, Ansal Infra (9.38%), Ispat Inds (8.10%), Akruti City (8.09%), Brigade (7.60%), RNRL (7.20%), Ultratech (6.79%), JP Hydro (6.31%) and Jindal Steel (6.25%).
The Metal index gained 314.69 points to close at 15,529.38. Scrips that jumped are Ispat inds (8.10%), Jindal Steel (6.25%), JSW Steel (5.26%), Nalco (3.87%), SAIL (2.77%), Sterlite inds (2.15%), Sesa Goa (1.76%) and Tata Steel (0.53%).
The Realty index advanced by 230.37 points to close at 7,906.14. Gainers are Ansal Infra (9.38%), Akruti City (8.09%), Purvankara (6.05%), Unitech (4.72%), Penland (4.71%), MahindraLife (2.71%) and Anant Raj (2.08%).
The Capital Goods index closed up by 259.32 points at 13,928.71. Gainers are BHEL (5.55%), Kirloskar BR (4.28%), Crompton Greaves (3.33%), L&T (2.64%), Thermax (1.64%), Elecon Eng (1.52%), BEML (1.26%).
The Bankex index grew by 136.11 points to close at 8,716.83. Scrips that gained are Federal Bank (3.48%), Axis bank (3.35%),HDFC bank (2.93%), ICICI bank (2.18%), Oriental bank (1.87%), Kotak bank (1.79%) and IOB (1.44%).
The IT index dropped by 177.67 points to close at 3,930.47. Losers are TCS (10.63%), Niit Techno (5.77%), Wipro (5.06%), Satyam (5.03%), Tech Mahindra (4.05%), Mphasis (3.14%), Patni Comp (3.02%) and Infosys (2.81%).
The BSE Sensex closed higher by 44.54 points at 16,783.87 and NSE Nifty closed up by 12.3 points at 5,049.30. The Sensex touched an intraday high of 16,853.96 and low of 16,597.53. The BSE Mid Caps and Small Caps closed up by 54.36 points and 45.25 points at 7,037.62 and 8,798.08 respectively.
Major gainers from the BSE are IFCI 15.63%, Ansal Infra (9.38%), Ispat Inds (8.10%), Akruti City (8.09%), Brigade (7.60%), RNRL (7.20%), Ultratech (6.79%), JP Hydro (6.31%) and Jindal Steel (6.25%).
The Metal index gained 314.69 points to close at 15,529.38. Scrips that jumped are Ispat inds (8.10%), Jindal Steel (6.25%), JSW Steel (5.26%), Nalco (3.87%), SAIL (2.77%), Sterlite inds (2.15%), Sesa Goa (1.76%) and Tata Steel (0.53%).
The Realty index advanced by 230.37 points to close at 7,906.14. Gainers are Ansal Infra (9.38%), Akruti City (8.09%), Purvankara (6.05%), Unitech (4.72%), Penland (4.71%), MahindraLife (2.71%) and Anant Raj (2.08%).
The Capital Goods index closed up by 259.32 points at 13,928.71. Gainers are BHEL (5.55%), Kirloskar BR (4.28%), Crompton Greaves (3.33%), L&T (2.64%), Thermax (1.64%), Elecon Eng (1.52%), BEML (1.26%).
The Bankex index grew by 136.11 points to close at 8,716.83. Scrips that gained are Federal Bank (3.48%), Axis bank (3.35%),HDFC bank (2.93%), ICICI bank (2.18%), Oriental bank (1.87%), Kotak bank (1.79%) and IOB (1.44%).
The IT index dropped by 177.67 points to close at 3,930.47. Losers are TCS (10.63%), Niit Techno (5.77%), Wipro (5.06%), Satyam (5.03%), Tech Mahindra (4.05%), Mphasis (3.14%), Patni Comp (3.02%) and Infosys (2.81%).
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