Friday, January 30, 2009

Sensex gains momentum; metals, realty up

MUMBAI: Equities moved higher on Friday led by gains in metals, realty and oil & gas stocks. However, traders were cautious ahead of US GDP data. European markets had a mixed opening.
At 2:20 pm, Bombay Stock Exchange’s Sensex was at 9338.22, up 101.94 points or 1.10 per cent. It touched an intra-day high of 9356.05 and low of 9087.36.

National Stock Exchange’s Nifty was at 2855.85, up 31.90 points or 1.13 per cent. The broader index touched a high of 2856.90 and low of 2774.10.

BSE Midcap Index was up 0.64 per cent and BSE Smallcap Index moved 0.38 per cent higher.

BSE Metal Index was up 2.94 per cent, BSE Realty Index moved 2.89 per cent higher and BSE Oil&gas Index gained 2.66 per cent. Jaiprakash Associates (6.90%), DLF (5.15%) and State Bank of India (4.67%) were the major Sensex gainers.

Sun Pharmaceuticals (-7.07%), BHEL (-2.74%) and Tata Motors (-1.69%) were amongst the Sensex losers.

Market breadth was positive on the BSE with 1188 advances and 1080 declines.

European markets were choppy early trade ahead of announcement of unemployment figures in the Europe and GDP data from the United States. FTSE 100 was up 0.34 per cent, CAC 40 slipped 0.10 per cent and DAX edged 0.13 per cent lower.

Source: http://timesofindia.indiatimes.com/Business/Sensex_moves_up_realty_metals_gain/articleshow/4050882.cms

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