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Markets manage to close day in green; IT, Banking stocks steal show

August 26th, 2008

Tuesday, August 26, 2008 4:05:56 PM IST

The stock markets finally managed to close the day in the green. The NSE Nifty closed at 4337.50 up a mere 0.05%. The BSE Sensex closed at 14482.22 up 31.87 points or 0.22. HDFC Bank amongst the Banking sector and Satyam Computers from the IT sector closed up over 3% each

The CNX IT closed up 1.2% while the Bank Nifty closed up 1.41%

The BSE Midcap index closed marginally in the green while the BSE Smallcap remained marginally in the red territory.

Sectorally, Bankex and Auto gained as both the indices closed up over a percentage point. Oil & Gas suffered as this BSE sectoral index closed down 1.18%. Realty and Metal closed in the red marginally.

Nifty gainers of the day include HDFC Bank, Satyam Computers (both up over 3%), HCL Tech, Wipro (both up over 2%), BHEL, TCS, Reliance Infra, Hindustan Unileaver, ACC and M&M (all up over a percent)

On the losing end of Nifty are Suzlon (down over 4%), Zee Limited, Reliance, Dr. Reddy Labs (both down over 2%), Idea, ABB, Tata Steel (all down over 1%), HDFC, Bharti Airtel and Reliance Communications (marginally in the red)

1 U.S. dollar = 43.7254045 Indian rupees
1 U.S. dollar = 109.625082 Japanese yen
1 U.S. dollar = 0.685072275 Euros
1 Ounce Gold = $806.80
1 Barrel Crude Oil = $112.52

Entry Filed under: Equity Markets