Tuesday, January 06, 2009

Sensex Ends in Green - Close Above 10000, Nifty Close Above 3100

The 30-share BSE Sensex ended 60.33 points up at 10,335.93 but broad based 50-share NSE Nifty ended 8.65 points down at 3112.80

New Delhi: The Bombay Stock Exchange Sensex engaged in seesaw trade on Tuesday, 6 January and ended the day flat but higher by 0.59%.

Still retaining its 10,000 level, markets had begun the day 0.33% down on global recession and weak cues from mixed Asian markets.

The 30-share BSE Sensex ended 60.33 points up at 10,335.93 but the broad based 50-share NSE Nifty ended 8.65 points down at 3112.80. Foreign buyers did make a comeback but hesitation prevailed among the investors.

Buying tend was mainly seen in shares of private banking, metal and auto segments.

Realty stocks fell on reports that government measures to boost the housing sector was not enough to arouse demand. DLF Ltd suffered a loss of 5.38% to Rs 279.90.

News of Tech Mahindra pitching to merge with Satyam Computers also came in after which stocks of both companies surged. Satyam jumped by 7.31% at Rs 179.10 and Mahindra and Mahindra gained 7.23% at Rs 317.95.

Grasim Industries Ltd was the top gainer in the BSE pack, surging by 8.37% to Rs 1,334.65, along with ACC Ltd by 7.67% to Rs 544.95 and Jaiprakash Associates by 7.34 to Rs 100.85.

Losers on the index were Reliance Communications that slumped by 5.65% to Rs 248.85, Bharti Airtel by 4.17 % to Rs 651.00 and Tata Power by 3.07% to Rs 804.70.

Asian markets ended mixed, Nikkei rose by 0.4 but Hang Seng went down 0.6%.

Source: www.livemint.com

1 comments:

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