Wednesday, April 18, 2007

Markets close in green

The markets ended in green but were off day's high as some profit booking set in during the final hour of trade. Selling pressure was witnessed by auto, FMCG and select metal stocks. Pharma, banking & oil & gas index outperformed the frontline indices. Even the midcap and smallcap index ended higher than the Sensex.

Sensex close up 65.15 points or 0.48% at 13672.19, and the Nifty up 26.65 points or 0.67% at 4011.6.

Tata Steel dropped 3% to Rs 511.60,on concerns over equity dilution of 31%.Index heavyweight Reliance Industries rose 0.6% to Rs 1485.Telecom stocks advanced on strong growth in new subscription additions in March 2007. Bharti Airtel rose 1.7% to Rs 813 and Reliance Communications gained 0.5% to Rs 435.Dabur India rose 5.32% to Rs 99.05. HCL Tech jumped 6.6% to Rs 322, after reporting strong Q3 March 2007 numbers on completion of trading on Tuesday. ONGC gained 1.6% to Rs 905.50. Recently, the company had unveiled its expansion plans.Dish TV closed 11 % down at Rs 101.40.

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