Friday, January 4, 2008

Indian share market scale new heights

New Delhi, Jan 4 The Key Indian stock market shares zipped to their highest-ever levels Friday on the back of some active buying across several counters and renewed interest ahead of a mega initial offering by Reliance Power.

In the process, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) rose to a historic intra-day peak of 20,762.80 points, before ending the day at 20,686.89 - also a record close for the barometer index.

At Friday's closing level, the 30-share index had gained 341.69 points, or 1.68 percent, against the previous day's close at 20,345.20, data with the exchange showed.

The gainers and losers among Sensex stocks, however, were evenly matched, with 16 logging advances, and the remaining 14 ending with losses. At a broader level, 1,470 shares declined, 1,437 advanced and 17 remained unchanged.

The broader 50-share S&P CNX Nifty of the National Stock Exchange (NSE) was also up 1.55 percent at 6,274.30 points after scaling an all-time peak of 6,300.05 points against the previous close of 6,178.55.

Consumer durable stocks were the flavour of Friday, with the specific index for such stocks at the BSE registering a 2.56 percent jump, followed by a rise of 2.31 percent in the oil and gas index.

The index for power was also up on account of the interest generated by the upcoming public issue by Reliance Power, owned by Anil Dhirubhai Ambani-led Reliance Energy.

While banking stocks also moved by 2.01 percent, those for automobiles declined 0.73 percent. IT stocks also went down by 1.02 percent and healthcare by 0.07 percent.

7 comments:

AP said...

i like your concept..

check my blog too

http://indian-stock-market-tips.blogspot.com

Analyst said...

The layout of the site is nothing less than superb coupled with quality content.One can get the quality content on the sites as listed below. So visit for Millionaire Indian Stock Tips here. Learn Technical Analysis of Stock Market here to make money daily. All those looking for tips for Free Tips for Reliance, ONGC, ACC, TISCO, Infosys here. No doubt the best Indian stock tips is available here

Analyst said...

Earn by following tips here and spend the money by following best travel information here.

Michael said...

Just always keep in mind that a good strategy is simple and practical.and if you want to more information Indian stoke market please go for at:- Stock Trading Views

mcx tips said...

Stock market India is volatile and all those who speculate in market are loosing everyday. Please remember stock market is not for speculation purpose. If one feel investing in stock market is gamble then its better to think again.
One should always note that if they want to invest money they should do proper research be it fundamental research or technical research. Just think how come you can invest
your money without any convincing reason for the same?
Indian stock market is one of the most happening and emerging market. Major Indian stock exchanges are BSE and NSE and both are of world class standards.
So grab good stocks and invest that’s the bottom line.
We hope to see you in major profits.


Intraday Tips || Commodity Tips

Unknown said...

The information provided here is of the utmost quality. Appreciated for displaying the content in such a manner as of such when I’m
Profit

Online Dry Fruits Provider India said...
This comment has been removed by the author.

Business Line - Markets

Business Line - Investment World