MUMBAI: Markets closed near the day’s high on Wednesday led by heavy buying activity in Reliance Industries and other Reliance Group (Mukesh and Anil Ambani) stocks. There are rumours that warring brothers may head for some amicable settlement bringing end to their business rivalry over gas dispute. Sustained buying activity was also seen in IT and metal stocks.
Bombay Stock Exchange’s Sensex ended at 9,370.49 points, 3.3% or 299.13 points higher than its previous close.
The broader S&P CNX Nifty index of the National Stock Exchange (NSE) also closed higher at 2,835.3 points, up 90.35 points or 3.29%
BSE midcap index gained 1.9% while the smallcap index rose 1.26%.
Biggest Sensex gainers were Reliance Communications (13.1%), Reliance Infrastructure (12.04%), Reliance Industries (10.93%), Infosys Technologies (6.23%) and Tata Steel (5.79%).
Losers comprised Grasim Industries (-3.21%), HDFC Bank (-1.61%), Maruti Suzuki (-1.23%), Sun Pharmaceuticals (-0.84%) and Hindustan Unilever (-0.37%).
Market breadth on BSE showed 1398 advances against 984 declines on the BSE.
http://economictimes.indiatimes.com
Bombay Stock Exchange’s Sensex ended at 9,370.49 points, 3.3% or 299.13 points higher than its previous close.
The broader S&P CNX Nifty index of the National Stock Exchange (NSE) also closed higher at 2,835.3 points, up 90.35 points or 3.29%
BSE midcap index gained 1.9% while the smallcap index rose 1.26%.
Biggest Sensex gainers were Reliance Communications (13.1%), Reliance Infrastructure (12.04%), Reliance Industries (10.93%), Infosys Technologies (6.23%) and Tata Steel (5.79%).
Losers comprised Grasim Industries (-3.21%), HDFC Bank (-1.61%), Maruti Suzuki (-1.23%), Sun Pharmaceuticals (-0.84%) and Hindustan Unilever (-0.37%).
Market breadth on BSE showed 1398 advances against 984 declines on the BSE.
http://economictimes.indiatimes.com
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