Friday, 7 November 2008

Sensex rebounds to close higher

Equities ended firm Friday as traders covered shorts and took fresh positions at lower levels. Power and oil & gas stocks ended with maximum gains.

Bombay Stock Exchange’s Sensex closed at 9964.29, up 230.07 points or 2.36 per cent. The 30-share index touched an intra-day high of 10,065.37 and a low of 9,631.59.

National Stock Exchange’s Nifty ended at 2973, up 2.78 per cent or 80.35 points. The broader index touched a high of 3010 and a low of 2860 in today’s trade.

BSE Midcap Index gained 1.11 per cent and BSE Smallcap Index inched 0.51 per cent higher.

Reliance Infrastructure (10.92%), Hindalco Industries (6.61%), Reliance Communications (5.53%), TCS (4.87%) and NTPC (4.78%) were the top Sensex gainers.

Mahindra & Mahindra (-1.83%), ICICI Bank (-0.67%), Maruti Suzuki (-0.38%), ONGC (-0.29%) and Tata Motors (-0.16%) were the losers.

Market breadth was positive on the BSE with 1417 advances and 1125 declines.

Source: EconomicTimes

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