Financial Daily from THE HINDU group of publications
Saturday, Mar 19, 2005

News
Features
Stocks
Port Info
Archives
Google

Group Sites

Home Page - Stock Markets
Markets - Stock Markets


Stock market gains towards close

Our Bureau

Mumbai , March 18

ON a day of textbook trading patterns, investors bought shares that were cheap and drove the indices up to positive terrains after five days of bearishness.

With the markets having slipped by over 250 points in the last five days, bargain-hunting instincts took over dull market sentiment and ensured an upswing in the second half of the day.

Stock markets opened Fridays' trade on a note of sluggishness, with no major positive or negative news to shake it up. The indices trailed in the red all morning with the Sensex touching an intra-day low of 6,595.53. At these levels, scrips got their sheen back with investors picking up good buys at low rates.

Brokers say that buying was led by domestic mutual fund houses. The Sensex closed for the week at 6,700.34, up by 30.82-points from Thursday's close. The Nifty registered a 10.65-point gain and closed at 2,109.15. The market breadth continued to be negative. On the BSE, only 736 scrips advanced, while 1,698 declined. On the NSE, 222 advanced as against declines by 591.

Bharti Tele, ICICI Bank and Ranbaxy were the Sensex favourites today. The PSU index was not affected by the upsurge in trading and BSEPSU, BSE's index of public sector stocks, closed in the red by a marginal 0.22 per cent.

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


Stories in this Section
ONGC, HPCL, Reliance bet big on wind energy


Inflation up on costlier manufactured products
Modi goes ballistic as US denies visa — Centre lodges strong protest over the issue
Construction cos sitting on orders worth Rs 40,000 cr
Jet fuel prices will singe, but traffic growth may reduce sting
Coal shortage: NTPC units in critical stage
Mallya gets closer to SWC, likely to revise offer — Komal Chhabria not tobid at `any price'
March belies hopes so far; Maruti to halt production for two days
Stock market gains towards close


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

Copyright 2005, 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