Sensex Backs On Track; Gain 1,139 Pts On Close
After opening with a positive gap of 282.26 points at 17,504.00 on Friday (Jan 25, 2008), the 30-share index, Sensex dealt strongly for the whole day due to strong buying interest seen in the forefront stocks and global cues.
Therefore, the stock index gathered over 1,000 points in the noon trades, and it also touched an intraday high of 18,406.25.
For the week ended Jan. 12, 2008, inflation climbed up to 3.83% as against 3.79% during the previous week.
Finally, BSE Sensex marked its closure after gaining 1,139.92 points at 18,361.66; whereas the broad-based NSE Nifty ended the day at 5,383.35, up 349.9 points.
On the other hand, Midcap Index augmented 6.41% and Small Cap Index zoomed 4.06%.
Asian markets boosted on Friday after South Korea’s financial system climbed faster than projected and the US lawmakers agreed on a plan that consists of tax discounts to enhance spending.
The BSE Sensex experienced 1,558 progressions as against 1,164 declinations on Friday.
Amongst the sectoral indices, BSE Auto soared up 6.04%, FMGC gained 4.73%, Bankex zoomed 7.53%, Realty earned 10.41%, IT arose 6% and Power gained 6.39%.
Top gainers at the BSE Sensex were Hindalco, , REL, ICICI Bank, L&T, NTPC, Bajaj Auto, M&M, Tata Motors and ONGC. There were no losers at the BSE Sensex.
Ispat Industries chaired the volume chart with 14,136,572 shares, which is being followed by GMR Infrastructure with 9,965,639 shares and RPL with 9,056,080 shares.
Reliance Capital topped the turnover chart with Rs 2,556.8 million followed by REL with Rs 2,078.5 million.
The compaies, which announced their quarterly results on Friday were SRF, Dish TV India, BEML, Gujarat Industries Power, Federal Bank and YVS Motor Company.
