Wednesday, April 29, 2009

Sensex ended the day with a hefty gain

MUMBAI: The Sensex enjoyed gains throughout the day. It opened with positive note on Wednesday. The Bombay Stock Exchange benchmark Sensex rose by over 162 points in opening trade and ended up 413 points at 11,414. This showed growth of 3.78% at 11,414. It was told that the gains were the results of fresh capital inflows by foreign funds amid short-covering by speculators in view of monthly expiry in derivatives segment. Similarly, the wide-based National Stock Exchange's Nifty rose by 50.00 points, or 1.25 per cent, to 3,412.35 points. Banking, IT and energy stocks were the major gainers on Wednesday.

Gainers: ICICI Bank rose nearly 9% to Rs 478. Jaipakash Associates, Sterlite and Tata Power soared nearly 7% each to Rs 139, Rs 409 and Rs 894, respectively. Infosys, Reliance Infrastructure and Wipro rallied around 5% each to Rs 1,507, Rs 695 and Rs 331, respectively. Hindustan Unilever, TCS, Tata Motors, Sun Pharma, ONGC and Reliance were up around 4% each.

LOSERS: Bank of India plunged over 6% to Rs 235, and Godrej Consumers tumbled 5.5% to Rs 137. Indiabulls, United Phosphorous, Hindustan Copper, Reliance Power, Biocon, Central Bank and EIH dropped 2-4% each.

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