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Rediff.com  » Business » Markets surge to 2009 closing highs

Markets surge to 2009 closing highs

By BS Reporter in Mumbai
August 28, 2009 16:31 IST
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SensexThe Sensex opened flat at 15,770 on the back of mixed cues from Asian markets. The index was lacklustre till noon trades but suddenly slipped to a low of 15,663 as the Shanghai markets declined.

However, it managed to rebound sharply and surged to a high of 15,958 - up 295 points from the low.

The Sensex finally ended at a new 2009 closing high of 15,922 - up 141 points.

The Nifty also ended at this year's closing high at 4,732 - up 44 points. Through the day the index touched a high of 4,744 and a low of 4,651.

The market breadth was positive. Out of 2,855 stocks traded, 1,535 advanced while 1,247 declined.

INDEX MOVERS...

DLF surged 5.3% to Rs 413. Jaiprakash Associates rallied 5% to Rs 231.

Bharti Airtel gained 4.5% at Rs 435. Hindalco added 3% to Rs 109.

Reliance Infrastrucure moved up 2.5% to Rs 1,169. Hero Honda added 2% to Rs 1,504.

ICICI Bank, Hindustan Unilever, SBI, ACC and Reliance were also up.

Among the Nifty stocks, Reliance Capital added 4.5% to Rs 873. Cairn India, Siemens, Punjab National Bank and SAIL were up 2-3% each.

...AND SHAKERS

Tata Power and ITC dropped 1.5% each to Rs 1,339 and Rs 237, respectively. Sun Pharma slipped 1% to Rs 1,204.

In Nifty, HCL Technologies dropped 2% to Rs 306. Ranbaxy and Tata Communications slipped 1.5% each.

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BS Reporter in Mumbai
Source: source
 

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