Sensex Ends 61.52 Pts Up; Nifty Closes On A Flat Note
The Sensex closed the choppy day on a positive note led by realty, metal, banking and consumer durables stocks.
It belled the day strongly after gaining 133.81 points at 10,876.15 on Thursday. But after few minutes of trading, it fell into the pessimistic zone because of profit booking.
The markets remained volatile allthrough the day.
The inflationary and IIP data was also announced during the noon trades. The benchmark index Sensex hit an intraday high of 10,932.12 and intraday low of 10,655.96.
For the week ended Mar 28, 2009, the country’s benchmark wholesale price index (WPI), inflation fell marginally to 0.26% as against 0.31% during the last ago.
Index for industrial production (IIP) also posted a negative growth of 1.2% during Feb 2009 as against positive growth of 0.4% (revised) during the previous month in spite of stimulus packages declared by the administration.
Secondline stocks maked their closures on a firm note.
BSE Midcap and Smallcap index gained 1.69% and 1.66% respectively.
Amongst the sectoral indices, BSE Realty gained 5.42%, Metal zoomed 3.72% Bankex and Consumer durables grew more than 2% each, while FMCG went down 1.36%.
European stocks gained as chemical makers and insurance companies gained. FTSE 100 gained 11.31 points, or 0.29%, to trade at 3,936.83, CAC 40 went up 8.57 points, or 0.29%, to trade at 2,929.63 and DAX climbed 49.61 points, or 1.14%, to trade at 4,407.53. (4.10 p.m., IST).
Finally, the Sensex closed the day after making a gain of 61.52 points at 10,803.86. The broad-based NSE Nifty fell 0.90 points at 3,342.05 after touching an intraday high of 3,401.15 and an intraday low of 3,307.05.
The top gainers in the 30-share index were Tata Steel (7.71%), Jaiprakash Associates (7.40%), Reliance Energy (5.66%), ICICI Bank (5.62%), DLF (4.83%), and Sterlite Industries (India) (3.15%).
On the other hand, the major losers in the Sensex were Hindustan Unilever (3.26%), Mahindra & Mahindra (3.15%), Wipro (2.80%), Oil & Natural Gas Corporation (2.42%), NTPC (1.30%), and Bharat Heavy Electricals (1.28%).
