Friday 31 October 2008

Sensex closes 9% higher; Nifty above 2900

Equities surged in the last half an hour of trade to end on a higher note Friday. Aggressive buying was seen in frontline stocks while midcap and smallcap stocks underperformed.

Bombay Stock Exchange’s Sensex closed at 9,851.92, up 8.93 per cent or 807.41 points. The index touched an intra-day high of 9870.42 and a low of 9361.66.

National Stock Exchange’s Nifty ended at 2907.45, up 7.8 per cent or 210 points. The broader index touched a high of 2,921.35 and a low of 2,696.30.

BSE Midcap index was up 1.42 per cent and BSE Smallcap Index gained 1.40 per cent.

Mahindra & Mahindra (23.97%), Reliance Communications (19.66%), HDFC (17.64%), ICICI Bank (16.93%), and Jaiprakash Associates (15.49%) were the top gainers.

Ranbaxy Laboratories (-1.85%) and TCS (-1.57%) were the only losers.

Market breadth was positive on the BSE with 1580 gainers and 918 losers.

(All figures are provisional)

Source: EconomicTimes

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