Markets head north despite oil price hike

By IANS

Mumbai : Despite the hike in prices of transport fuel, Indian markets Thursday registered their biggest gain since mid-January following a good show by global peers.


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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,265.19 points and notched a high of 17,838.08 points. It gained by 817.49 points at the day’s close to 17,766.63, a gain of 4.82 percent.

The broader 50-share S&P CNX Nifty index on the National Stock Exchange (NSE), opened at 4,944.65 points and closed at 5,202.00 points, after touching the day’s high at 5,220.25 points. At the day’s close, it gained by 272.55 points, up 5.53 percent.

The BSE Midcap index, which closed at 7,452.72 points, went up 377.19 points or 5.33 percent.

Similarly, the BSE Smallcap index, which closed at 9,407.76 points, went up 3.96 percent.

On BSE, the market breadth was positive with 2,146 shares advancing, 891 declining and 52 remaining unchanged.

The top gainers of the day included Bharat Heavy Electricals Ltd at Rs.2,232, up 12.63 percent, Reliance Energy at Rs.1,708.15, up 9.63 percent, and Reliance Communications at Rs.609.75, up 9.26 percent.

The top loser was Bangalore-based IT giant Infosys at Rs.1,547.30, down 0.12 percent.

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