Home Economy Indian shares make marginal gains

Indian shares make marginal gains


Mumbai : Indian shares made marginal gains Friday taking the weekend closing of a key index up by 0.18 percent with bank, technology and pharma stocks being the major gainers of the day.

The benchmark 30-share sensitive index of the Bombay Stock Exchange (BSE) made a marginal gain over the previous closing, up 0.18 percent or 26.29 points at 14,570.75 levels.

Similarly, the broader 50-issue National Stock Exchange (NSE) index, Nifty gained 1.25 percent or up 0.03 percent to close at 4,297.05.

Leading the upsurge was pharma major Cipla Ltd, up 3.01 percent at Rs.224.20, followed by the software exporter Satyam Computers, up 1.90 percent at Rs.478.50 and state-run lender State Bank of India, up 1.90 percent at Rs.1,378.10.

Other major stocks that traded in the green were the largest private sector lender HDFC Bank, Gujarat Ambuja Cements, IT major Infosys Technologies, top private sector lender ICICI Bank, top software exporter TCS and textile major Grasim Industries.

Top two-wheeler maker Hero Honda led the major losers of the day, down 2.08 percent at Rs.717.10, followed by multi-utility vehicle maker Tata Motors, down 1.37 percent at Rs.747.15 and top cigarette maker ITC, down 1.31 percent at Rs.161.45.

Major index shares that traded in the red included private sector telecom service provider Bharti Airtel, consumer goods maker Hindustan Lever, carmaker Maruti Udyog, India's largest company Reliance Industries, state-owned oil and natural gas explorer ONGC and cement major ACC.