Wednesday, April 16, 2008

Closing Bell

Frontline stocks pared away gains but closed slightly higher Wednesday as investors booked profits ahead of inflation data to be released tomorrow.

Counters in BSE IT index continued upward journey while BSE Capital Goods Index stocks ended in the red.

Tier II and III stocks outperformed the benchmarks. BSE Midcap Index ended 1.43 per ent higher at 6699.10 and BSE Smallcap Index advanced 1.79 per cent to 8,351.

Bombay Stock Exchange's Sensex ended 0.56 per cent or 90.53 points higher at 16,244.19. The index swung between a range of 16,413.80 and 16,198.56.

National Stock Exchange's Nifty closed at 4888.80, up 0.19 per cent or 9 points. The index touched an intra-day high of 4951.40 and low of 4874.05.

Biggest Sensex gainers were Infosys Technologies (up 5.83%), Wipro (5.75%), Reliance Energy (3.87%), Hindalco Industries (1.87%), Reliance Industries (1.46%), Reliance Communications (1.33%) and ICICI Bank (1.1%).

BHEL (down 3.28%), Ambuja Cements (3.26%), Jaiprakash Associates (2.49%), NTPC (2.12%), Tata Motors (2.08%), Hindustan Unilever (1.77%) and Bharti Airtel (1.55%) were under pressure.

Market breadth showed 1866 advances and 813 declines on BSE.


Source: economictimes.com

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