Financial Daily from THE HINDU group of publications
Friday, Aug 20, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stock Markets


Sensex up 85.37 on all-round buying

Our Bureau

Mumbai , Aug. 19

IN a sharp turnaround in sentiment, all-round buying saw the market shrug of its losses with the BSE Sensex ending the day 85.37 points higher (a 1.69 per cent gain) at 5,123.65.

The benchmark index had lost 64.66 points on Wednesday, its lowest close in four weeks. The NSE Nifty ended the day at 1,609.20, up 27.40 points higher than its previous close.

Tech stocks paved the way towards recovery on the back of strengthening of the global markets, in particular the tech-heavy Nasdaq. Expectations of a strong debut by TCS next week has added to the feel-good factor in the sector. Aiding the uptrend was the sustained interest or bargain hunting in cement, steel and paper counters, which were riding on hopes of a firm price trend.

More Stories on : Stock Markets | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
`Govt to take more fiscal measures to ease inflation'


Phosphoric acid shortage may force fertiliser units to cut production
Britannia finds outsourcing a cheaper option
'No clear leader in low-cost services delivery'
Sensex up 85.37 on all-round buying
Hutch's Aircel buy hits DoT hurdle — Clarification on equity structure sought
India Inc gears up to face truckers' strike
Zee recreates the Birla will drama



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line