The Indian Market closed with handsome gains backed by the favoring cues from the global markets as well as better results by some of the telecom companies that boosted the sentiments of the investors. The market opened on a firm note but pare some of its gains during the mid session due to weekly inflation figures that grew to 7.33% for the week ended April 2008 as against 7.14% last year. However, the market gathered the momentum after the mid session as the buying intensified across the telecom, banking and metal baskets. This resulted the Sensex to cross the 17000 mark to touch an intraday high of 17,150.92. The market breadth was weak as 1455 stocks closed in red while 1251 stocks closed in green.
The BSE Sensex closed higher by 404.90 points at 17,125.98 and NSE Nifty closed up by 111.85 points at 5,111.70. The BSE Mid Caps closed up by 51.81 points at 7,056.21 while Small Cap closed lower by 13.29 points to close at 8,727.72.
Major losers from the BSE are Guj NRE (6.38%), Dish TV (5.87%), Mosear Baer (5.21%), Hind Const (4.53%), United Spirits (3.87%) and HMT (3.20%) and India Cements (3.09%).
Gainers from the BSE are Bharti Airtel (9.61%), Chambal Fert (8.35%), Rel Comm (8.31%), Welspun Guj (6.84%), Nagarjuna Fert (6.69%), Reliance Capital (6.64%), RNRL (6.49%), Triveni Eng (6.29%).
Bharti Airtel has reported a growth of 44% in consolidated net profit to Rs1,898.85 crore for the quarter ended March 2008 as compared to Rs1,318.56 crore reported during the corresponding period last year. The yearly net profit grew by 57.4% to Rs6,395.38 crore as against Rs4,062.01 crore last year
The Metal index surged 370.75 points to close at 15,735.18. Major gainers are Welspun Guj (6.84%), Hind. Zinc (5.63%), Jindal Steel (4.51%), Sterlite inds (3.69%), Ispat inda (1.60%), Tata Steel (3.45%), SAIL (1.43%) and Nalco (1.34%).
The Bankex index advanced by 286.03 points to close at 8,868.08. Scrips that jumped are ICICI bank (4.54%), SBI (4.01%), HDFC bank (3.59%), Canara bank (2.56%), CentBOP (2.51%), Yes bank (2.26%), PNB 2.35% and Axis bank (1.65%).
The Oil & Gas index closed up by 179.23 points at 11,554.59 as RNRL (6.49%), BPCL (2.67%), ONGC (2.20%), Reliance industries (1.69%), HPCL (1.66%), RPL (0.72%), Essar Oil (0.63%) and IOCL (0.21%).
The Realty index closed up by 112.64 points at 8,149.77. Gainers are Anant Raj (11.90%), Indbul Real (5.39%), Unitech (1.48%), Sobha Developers (1.04%) and HDIL (0.88%).
The Capital Goods index grew by 101.44 points to close at 13,921.87. Scrips that gained are Kirloskar BR (6.67%), Jyoti Structures (3.24%), Lakshmi Machines (2.44%), Suzlon Energy (1.53%), BEML (1.32%) and L&T (1.02%).
The BSE Sensex closed higher by 404.90 points at 17,125.98 and NSE Nifty closed up by 111.85 points at 5,111.70. The BSE Mid Caps closed up by 51.81 points at 7,056.21 while Small Cap closed lower by 13.29 points to close at 8,727.72.
Major losers from the BSE are Guj NRE (6.38%), Dish TV (5.87%), Mosear Baer (5.21%), Hind Const (4.53%), United Spirits (3.87%) and HMT (3.20%) and India Cements (3.09%).
Gainers from the BSE are Bharti Airtel (9.61%), Chambal Fert (8.35%), Rel Comm (8.31%), Welspun Guj (6.84%), Nagarjuna Fert (6.69%), Reliance Capital (6.64%), RNRL (6.49%), Triveni Eng (6.29%).
Bharti Airtel has reported a growth of 44% in consolidated net profit to Rs1,898.85 crore for the quarter ended March 2008 as compared to Rs1,318.56 crore reported during the corresponding period last year. The yearly net profit grew by 57.4% to Rs6,395.38 crore as against Rs4,062.01 crore last year
The Metal index surged 370.75 points to close at 15,735.18. Major gainers are Welspun Guj (6.84%), Hind. Zinc (5.63%), Jindal Steel (4.51%), Sterlite inds (3.69%), Ispat inda (1.60%), Tata Steel (3.45%), SAIL (1.43%) and Nalco (1.34%).
The Bankex index advanced by 286.03 points to close at 8,868.08. Scrips that jumped are ICICI bank (4.54%), SBI (4.01%), HDFC bank (3.59%), Canara bank (2.56%), CentBOP (2.51%), Yes bank (2.26%), PNB 2.35% and Axis bank (1.65%).
The Oil & Gas index closed up by 179.23 points at 11,554.59 as RNRL (6.49%), BPCL (2.67%), ONGC (2.20%), Reliance industries (1.69%), HPCL (1.66%), RPL (0.72%), Essar Oil (0.63%) and IOCL (0.21%).
The Realty index closed up by 112.64 points at 8,149.77. Gainers are Anant Raj (11.90%), Indbul Real (5.39%), Unitech (1.48%), Sobha Developers (1.04%) and HDIL (0.88%).
The Capital Goods index grew by 101.44 points to close at 13,921.87. Scrips that gained are Kirloskar BR (6.67%), Jyoti Structures (3.24%), Lakshmi Machines (2.44%), Suzlon Energy (1.53%), BEML (1.32%) and L&T (1.02%).
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