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Markets close with decent gains

September 19th, 2008

Friday, September 19, 2008 3:40:44 PM IST

The Indian stock markets took a bull run after days of immense weakness. The Nifty managed to get to the 4200 levels and sustain there by closing bell. The NSE Nifty closed at 4251.60 while the BSE Sensex closed at 14079.88 levels.

The markets had a gap up opening at the opening hours and traded flat for a couple of hours before buying interest came in. The Realty, IT, Oil & Gas stocks drove the market to the highs.

CNX IT closed up 6.48%. Bank Nifty closed up 3.98%. CNX 100 closed up at 5.18% and CNX 500 closed up at 4.69%.

Satyam topped the Nifty gainers list. The script opened at 350.25 and closed at 372.70 touching an intraday high of 373.95. The stock is up 11.02% today. ICICI Bank, HDFC, Tata Power, IDEA, SAIL, HCL Tech, TCS, Cipla and ONGC are the other gainers. Hero Honda, BPCL and SBI closed in the red today.

The BSE Midcap and Smallcap indexes closed up 3.05% and 2.36% respectively.

1 U.S. dollar = 46.1552 Indian Rupees
1 U.S. dollar = 106.6211 Japanese Yens
1 U.S. dollar = 0.7037 Euros
1 Ounce Gold = $837.90
1 Barrel Crude Oil = $99.78

Entry Filed under: Equity Markets, Closing Bell