Monday, April 7, 2008

Equities Close Higher in Pullback Rally



Benchmark indices closed higher on Monday in a pullback rally, supported by firm global cues. Banking and FMCG stocks were the major gainers.


Bombay Stock Exchange’s Sensex closed at 15,781.99, up 2.86 per cent or 439 points from Friday’s close. It touched a high of 15,851.88 and low of 15,321.56 intraday.


National Stock Exchange’s Nifty advanced 121.05 points or 2.60 per cent to end at 4768.05. It touched an intra-day high of 4798.55 and low of 4628.80.

BSE Midcap Index and BSE Smallcap Index underperformed the benchmarks, closing 1.38 per cent and 0.92 per cent higher respectively.


Biggest index gainers were ICICI Bank (up 6.32%), Ranbaxy Laboratories (5.75%), Hindustan Unilever (5.26%), Jaiprakash Associates (5.08%) and ITC (4.71%).



Maruti Suzuki, Ambuja Cements and Reliance Energy (all down less than 1%) were the only losers in the 30-share index.


European shares rose 1 per cent Monday, building on the previous session's gains, as acquisition talk returned to boost markets and miners got a lift from a bullish note from Goldman Sachs.

source: http://economictimes.indiatimes.com/Equities_close_higher_in_pullback_rally/articleshow/2932810.cms

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