21 April 2008

Smart Gains witnessed In Indian Stock Market


There were talks that the market would be negatively affected by the CRR hike announced last week, but positive cues from global markets, kept it buoyant. Not only that, the Nifty managed to trade and close above 5000 since February 29, 2008. The NSE 50-share stock closed at 5037, up 78 points from the previous close. BSE's Sensex ended the day at 16,739, up 258 points. CNX Midcap index gained 2.2% and BSE Smallcap index, 2.6%. Buying was seen across the board, but metal, banking and consumer durables stocks were the favorites today. But profits were booked in IT stocks. Top Sensex gainers include Tata Steel, JP Associates and Reliance Communications, while losers are Satyam, Infosys and Wipro, among others.

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