Markets progress in midweek

MUMBAI: Markets key index, Bombay Stock Exchange was at a six-months high of 11,329.05 on Friday. In fact through this week, sensex improve day by day. However, for a couple of days it closed lower that the then previous day close. Broader market indices also continued to progress with the BSE midcap index going up 3.67 percent from its previous weekly close, while the BSE smallcap index gained 2.95 percent.

The markets closed on a volatile note on Monday, with the Sensex falling 230 points from the day's high to close at 10,979.5 points - a decrease of 43.59 points or 0.4 percent from the previous close. Tuesday, the Sensex fell 81.39 points or 0.74 percent to close at 10,898.11 points, while the Nifty lost 0.35 percent from its previous close to end trade at 3,365.3 points. Wednesday saw markets rebounding from the day's lows as investors sought to sell amid unclear conditions as to where the bourses were headed.

The Sensex closed at 10,817.54 points - lower by 80.57 points or 0.74 percent. The Nifty shed 1.04 percent from its previous close to end trade at 3,330.3 points. Markets made gains Thursday, with the Sensex moving up more than 300 points to close the day at 11,134.99 points. This was an increase of 317.45 points or 2.93 percent from its last closing figure. The Nifty gained 2.8 percent to close at 3,423.7 points. Weak Asian cues failed to discourage Indian markets Friday with the Sensex moving up 194 points or 1.74 percent to end trade at 11,329.05 points. The Nifty gained 1.67 percent to close at 3,480.75 points.

Gainers: Reliance Power (up 14.8 percent), Wipro (up 13.6 percent), Reliance Infra (up 12.4 percent), ACC (up 11.5 percent) and Grasim (up 10.3 percent).

Losers: Ranbaxy (down 5.1 percent), Maruti (down 4 percent), ICICI Bank (down 1.5 percent), NTPC (down 1.2 percent) and ONGC (down 0.9 percent).