Markets end with a bang
After yesterdays almost 500 points fall the markets recovered sharply today and ended on a cheerful note.IT stocks were the star performers leading the uptrend followed by banking and capital goods.The sensex closed at 12679.09,with a gain of 282.05 points,while Nifty closed at 3655.65,with a gain of 79.15 points.
Wipro led the rally in IT shares. The Wipro stock jumped 8% to Rs 582. IT bellwether Infosys gained 6% to Rs 2130, Satyam Computer gained 5% to Rs 435.50 and TCS advanced 3% to Rs 1198.Reliance Industries (RIL) rose 3.5% to Rs 1304.05.ICICI Bank surged 4% to Rs 854.Cement shares came off the lower level in volatile trade. ACC surged 5.9% to Rs 861.50, Grasim gained 1.4% to Rs 2133 and Gujarat Ambuja Cements gained 1.7% to Rs 113.80.Bharti Airtel gained 4.7% to Rs 724. The near-term trigger for the scrip is the number of new subscriptions for February 2007.
Wipro led the rally in IT shares. The Wipro stock jumped 8% to Rs 582. IT bellwether Infosys gained 6% to Rs 2130, Satyam Computer gained 5% to Rs 435.50 and TCS advanced 3% to Rs 1198.Reliance Industries (RIL) rose 3.5% to Rs 1304.05.ICICI Bank surged 4% to Rs 854.Cement shares came off the lower level in volatile trade. ACC surged 5.9% to Rs 861.50, Grasim gained 1.4% to Rs 2133 and Gujarat Ambuja Cements gained 1.7% to Rs 113.80.Bharti Airtel gained 4.7% to Rs 724. The near-term trigger for the scrip is the number of new subscriptions for February 2007.
posted by SY at 5:33 PM
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