Thursday, February 19, 2009

Market at day's high; Nifty cruises above 2950

MUMBAI: Investors turned bullish on Indian markets on Friday ahead of interim budget which is being touted as a third financial stimulus to

revive the economy. Key indices were near intra-day’s highs getting support from positive opening of European markets.
At 2:30 pm, National Stock Exchange’s Nifty was at 2962.45 up 69.4 points or 2.40 per cent. The broader index touched a high of 2966.80 and low of 2896.85.
Bombay Stock Exchange's Sensex was at 9680.23, up 214.40 points or 2.26 per cent. The index touched a high of 9695.59 and low of 9540.60.

BSE Midcap Index was up 1.89 per cent and BSE Smallcap Index rose 1.16 per cent.
ZEE Entertainment (6.63%), NALCO (6.45%), M&M (6.09%), BHEL (5.25%) and Tata Steel (5.01%) were the top Nifty gainers.
Sun Pharmaceutiacals (-2.13%), ABB (-1.73%), RANBAXY Laboratories (-0.42%), GAIL (-0.42%) and Ambuja Cement (-0.34%) were the major Nifty losers.
Market breadth on BSE showed 1529 advances against 806 declines.
Meanwhile, European markets opened higher extending overnight gains led by banks and metals. FTSE 100 was up 2.03 per cent, DAX gained 2.24 per cent and CAC 40 moved up 2.62 per cent.

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