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No global scare…Nifty ends above 4,400

This article was posted on Jul 3, 2009 and is filed under Market News

Sensex surged 257 points at 14,915 while, Nifty surged 75 points or 1.8% to shut shop at 4,424.

The BSE Sensex surged 257 points at 14,915 after touching a high of 14,946 and a low of 14,499. The index had opened at 14,553 against the previous close of 14,658.

The NSE Nifty surged 75 points or 1.8% to shut shop at 4,424.

Asian markets ended mixed; the Nikkei index in Japan slipped 0.7% at 9,816, Australia’s S&P/ASX ended down 1.2% at 3,828. Hang Seng index gained 0.2% at 18,203.

Elsewhere in the Europe, stocks were trading in the red. The FTSE index was flat at 4,234. The DAX index was flat at 4,716. CAC 40 index was down 0.3% at 3,106.

Coming back to India, among the BSE Sectoral indices BSE Bankex index was the top gainer gaining 2.2%, followed by the BSE Capital Goods index up 2.1%, BSE Pharma index up 2% and BSE Power index up 2%.

The BSE Mid-Cap index ended marginally higher by 0.8% and BSE Small-Cap index was up 0.3%.

In the Sensex, the major gainers were HDFC, Tata Steel, JP Associates, M&M, L&T, SBI, ICICI Bank and Reliance Infra.

On the other hand, major losers were Hindalco, Hero Honda, Sterlite, RCom, Grasim and DLF.

Among the big gainers in the broader market were Jain Irrigation, Shriram Transport, Glenmark, Chambal Fert, IDFC and Ashok Leyland.

Outside the frontline indices, the top losers included GMDC, REI Agro,KSK Energy, Jai Corp, Bhushan Steel, Apollo Hosp, BEML and Exide Ind.


source: Indiainfoline

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