Thursday, March 29, 2007

Markets end in green on F&O expiry day

It was yet another day of sluggish trade wherein the markets opened on a flat note and proceeded to trade rangebound amid extreme volatility. It was a quite day despite being F&O expiry date but gained some momentum during the late trade due to buying interest seen in the FMCG, Capital goods and IT stocks, however the banking, auto and metal stocks remained under pressure through the day and consequently managed to shut shop in green after three consecutive decline.

The Sensex ended at 12979 95 points up while the Nifty 50 index closed at 3798 just 10 points up.

IT major TCS was the top gainer, up 3.58% to Rs 1244.Among other IT stocks, Infosys (up 0.13% to Rs 1995) and Wipro (up 1.58% to Rs 567) also edged up.Engineering & construction major L&T advanced 3.56% to Rs 1622.Bike manufacturer Hero Honda rose 2.75% to Rs 674.Gujarat Ambuja Cements (up 3.20% to Rs 105.50), SBI (up 2.81% to Rs 1001.55) and HLL (up 2.63% to Rs 203) were the other gainers.Index heavyweight Reliance Industries (RIL) was up 0.38% to Rs 1353.80

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