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Markets march towards greener regions

July 9th, 2008

Thanks to the cooling of the oil prices, stock markets across the world have managed to trade in the green. The Indian stock markets too followed its Asian peers and marched well all through the day. The Sensex tested the 14K level but closed marginally below after ticking over 614 points.

The Sensex opened at 13,581.41 touched an intraday high of 13,998.48 and intraday low of 13,581.41 to finally close at 13,964.26 up by 614.61 points or 4.60%. Smallcap index closed up 3.46% while Midcap index closed up 2.91%

A look at the sectoral gainers shows that the Realty and Power are the key for the drive. Bank, Consumer Goods, FMCG amongst others gained well.

Reliance Infra gained 10.65%, BPCL is up 8.05%. Tata Motors, GAIL and ITC are up over 7%, Unitech, Power Grid, ABB, Reliance Communications and SAIL are up by over 6%

National Aluminum is down 0.76% in today’s trade.

Entry Filed under: Equities