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Rally continues unabated; RIL, DLF lead

This article was posted on Dec 10, 2008 and is filed under Market News

MUMBAI: Equities continued their upmove on the back of brisk buying across sectors. Realty and metal counters fronted the rally. At 3 pm, Bombay Stock Exchange’s Sensex climbed 4.67 per cent or 428.18 points at 9,590.80. The index touched a high of 9,619.36 and low of 9,280.16 in trade so far.

National Stock Exchange’s climbed 5.01 per cent or 139.4 points at 2923.40. The index rose to a high of 2925.1 from a low of 2785.70.

Secondline stocks also witnessed good amount of buying. The BSE Midcap Index rose 1.73 per cent and BSE Smallcap Index gained 1.08 per cent.

Significant gains in DLF (13.65%), Grasim Industries (10.87%), Sterlite Industries (7.96%), Tata Steel (9.44%), Reliance Communications (9.42%), Reliance Industries (9.09%) and Wipro (8.5%) kept the indices buoyant.

There were no losers in the 30-share index.

Market breadth on BSE was positive with 1454 advances against 893 declines.

source: Economictimes

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