Markets end with marginal gains


Mumbai : In a replication of Tuesday’s trade, Indian equities markets closed marginally higher Wednesday after slipping from the day’s highs. A key index ended 0.57 percent up from its previous close of 9,149.3 points.

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The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed at 9,201.85 points, up 0.57 percent or 52.55 points.

At the same time, the S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,803.05 points, 0.69 percent up from its Tuesday close of 2,783.9 points.

However, broader market indices were down, with the BSE midcap index shedding 0.45 percent and the BSE smallcap index ending a mere 0.03 percent lower.

Of the 13 sectoral indices on the BSE, metal and realty indices gained the most, signifying healthy buying of such stocks.

Top gainers on Sensex included DLF (up 5.15 percent at Rs.139.75), Tata Steel (up 4.95 percent at Rs.179.15), Jaiprakash Associates (up 4.68 percent at Rs.69.40) and Sterlite Industries (up 4.41 percent at Rs.279.35).

Among losers (Sensex) were Mahindra and Mahindra (down 1.67 percent at Rs.282.85), Ranbaxy Laboratories (down 1.32 percent at Rs.206.20) and Hindalco Industries (down 1.12 percent at Rs.44.30).

The overall market sentiment was mixed with 1,278 stocks declining, 1,148 scrips advancing and 102 remaining unchanged.

In Asian markets, a key Japanese index, the Nikkei of the Tokyo Stock Exchange, closed 2.73 percent higher at 8,038.94 points.

However, the Hang Seng, a key index of the Hong Kong Stock Exchange, ended 2.25 percent higher than its last close.