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Sensex gains 100 points, closes at 17.1k mark

September 8th, 2011

Indian stock markets are directionless for most of the trading session with the lack of any queues to take any specific direction. However, they ended in the green after the European markets have opened. Sensex managed to close up at 17165.54 gaining 100.54 points while Nifty closed the day at 5153.25 adding 28.60 points in trade today.

Earlier yesterday the US markets (Sep 7) rallied sort of. Dow Jones added 275.56 points and closed at 11414.86. Nasdaq closed at 2548.94 adding 75.11 points. It was mixed bag in the Asian markets today (Sep with Hang Seng and Shanghai Composite closing in the red while other major Asian markets closed in the green. The Nikkei registered second consecutive gains and managed to get farther to its six-month low mark. The European markets are marginally in the red at early trades (Sep .

Top NSE gainers of the day include Ranbaxy Labs, Cairn India, Cipla, Tata Motors, Wipro, ICICI Bank, Reliance, Infosys amongst others. Leading losers include SAIL, Jindal Steel, Tata Steel, HDFC, Tata Power, NTPC amongst others.

The CAG report said that Reliance Industries (BSE: 500325; NSE: RELIANCE; ISIN: INE002A01018) did not relinquish 25% of total contract area and that it violated production sharing pact on KG D6. Analysts and the markets appear to cheering the script. RIL closed at Rs. 853.50 gaining Rs. 21.80 or 2.62% on the BSE today.

Suzlon Energy (BSE: 532667; NSE: SUZLON; ISIN: INE040H01021) said that REpower got an order to supply 47 wind turbines. The script closed at Rs. 41.95 gaining Rs. 0.65 or 1.57% on the BSE.

Entry Filed under: Equity Markets, Oil & Petro Chemicals, Closing Bell, Power