Chistmas week : Markets hit year high

Thursday, Nifty closed at 5,178, ending 34 points higher, Sensex gained 130 points to close at 17,360. Nifty manged to make a Intraday high of 5,197, and a low of 5,129. Sensex made a Intraday high of 17,413 and a low of 17,197.

In Asia, the Nikkei in Japan was up 1.5%, while Australia’s S&P/ASX ended higher by 1%. However, the Shanghai SE Composite fell 2.5% and Hang Seng index in Hong Kong was up 0.9%.

This week, Sensex and Nifty added 3.8% each, The Sensex hit an intra-week high of 17,361 and low of 16,578 while NSE Nifty hit an intra-week high of 5798 and low of 4,943.

The Finance Minister’s comments on GDP growth coincided with the gains. Positive discussions about divestment programmes in Cabinet meeting and better ques from Global markets also added to the gaines.

The top gainers: The top gainers in the were Jumbo Bag(up 35.0%) NTPC (up 10.7%), Tata Motors (up 9.5%), Tata Steel (up 9.1%), Hindalco Inds (up 9%) and Reliance Infrastructure (up 6.7%).

The Top Losers: The top losers in the Sensex were Cipla (down 2.5%), Hindustan Unilever (down 1.2%), Bharti Airtel (down 1%), Ranbaxy Labs (down 0.9%) and ACC (down 0.6%).

The BSE IT Index (up 2.6%): The top gainers in the IT sector were Sasken Communication (up 11.1%), HCL Tech (up 4.7%), TCS (up 3.7%), Wipro (up 3.4%) and Mphasis (up 3%).

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