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Markets manage to close day in green

September 16th, 2008

Tuesday, September 16, 2008 3:40:50 PM IST

The Indian stock markets took a wonderful recovery path despite the Asian markets trading over 5% down. Nifty closed the day at 4084.50 down 0.28% while BSE Sensex closed the day 13550.67 up 19.40 points or 0.14%

Banking sector did remarkably good today. The Bank Nifty is up 2.8%. State Bank of India and PNB feature in the top gainers of Nifty today.

CNX IT is down 1.47%. The US financial institutions trouble would naturally mean slow down in order book for the Indian IT and ITES company and hence the natural impact on their stocks. Satyam and Wipro are hit badly today.

The Oil & Gas and the PSU stocks stook firm and lead the recovery rally today. BPCL is up 3.47% in todays trade.

1 U.S. dollar = 46.4597 Indian Rupees
1 U.S. dollar = 104.1666 Japanese Yens
1 U.S. dollar = 0.7017 Euros
1 Ounce Gold = $779.00
1 Barrel Crude Oil = $92.70

Entry Filed under: Equity Markets, Closing Bell