Be a responsible citizen. Come, pledge to always check and share verified and vetted news.
2-min read

Mkt closes on a new high, Nifty eyeing 5000 mark

News18test sharma |

Updated: September 24, 2007, 11:49 AM IST
facebook Twitter google skype whatsapp
Mkt closes on a new high, Nifty eyeing 5000 mark
Sensex scored over 280 points breaching 16,800 mark.

Mumbai: It has been one of the most interesting times in the Indian stock markets as they have been making new records touching some new highs. Sensex and Nifty closed the near the high point of the day and also on a new life time high.

Nifty was up 90 points inching towards 5000 mark. Sensex scored over 280 points breaching 16,800 mark.

Big records were made in today's session as Open Interest has hit 1 lakh crore mark. This will be the biggest series ever rolled over on Thursday. Even in terms of overall turnover we hit an all time high.

India outperformed Asian peers with markets like Hang Seng ending with moderate gains. Europe was a little tentative and is trading almost flat. Today's top gainers were energy and bank stocks.

Reliance group of stocks were buzzing and rallied to new highs. The most mysterious being RNRL up at Rs 93.80, along with Rel Energy, Rel Ind, Reliance Capital and Rel Petroleum.

However, technology stocks ended lower on selling pressure due to strong rupee, which touched a new nine year high of 39.77 per dollar.

Sensex was up 281.60 points or 1.70 per cent at 16845.83, and the Nifty up 94.65 points or 1.96 per cent at 4932.20.

About 1417 shares have advanced, 1550 shares declined, and 65 shares are unchanged. The BSE Small Cap Index closed at 8,963.43 up 0.7 per cent.

The BSE Midcap Index ended at 7,310.14 up 1.5 per cent. The BSE FMCG Index closed flat at 2,153.57. United Brewerie, Marico, HUL, Colgate closed in green.

The BSE Metal Index closed at 13,030.47 up 2 per cent. Jindal Steel, SAIL, Hindalco, Shree Precoated were among the losers.

The BSE Health Care Index was up 0.3 per cent at 3,663.23. Glenmark, Ranbaxy Labs, Biocon, Matrix Lab closed higher. The BSE Capital Goods Index was up 2.2 per cent at 14,837.71.

Reliance Infra, Jyoti Structure, Areva T&D, Larsen, Crompton Greave ended higher.

The BSE Auto Index closed at 5,297.26 up 2 per cent. Maruti Udyog, Ashok Leyland, Hero Honda, Bajaj Auto were among the gainers. The BSE IT Index closed at 4,349.83 down 2 per cent. Financial Tech, HCL Tech, TCS, Wipro, I-Flex Solution ended weak.

The BSE Bankex was up 2.5 per cent at 8,961.49. Andhra Bank, PNB, Bank of Baroda, Allahabad Bank, ICICI Bank closed higher.

The BSE Oil and Gas Index closed at 9,651.17 up 3.3 per cent. Reliance Natura, Reliance Petro, Petronet LNG, GAIL Reliance and ONGC closed in green.

The NSE cash turnover was at Rs 18792 crore and the NSE F&O turnover was at Rs 79,397 crore. The BSE cash turnover was Rs 7740.11 crore. Total market wide turnover was at Rs 1,05,929.1 crore.

First Published: September 24, 2007, 11:49 AM IST
Read full article
Next Story
facebook Twitter google skype whatsapp