Market ends on a new life time high: Nifty above 6,000

11 December 2007

It was a fantastic session for the markets as they closed with huge gains on a new life time high. India was among the best performing markets in Asia. Sensex added 350 points closing near 20300 levels. After a lot of attempts Nifty not only ended above 6000 but also hit 6100 mark and closed just below that mark. Asia ended in green and now all eyes are on the Fed on rate cut decision, analyst feel that there could be a 25 bps rate cut.

Broader markets also participated in the uptrend, CNX Midcap and BSE Smallcap were up over 1% each. Breadth was extremely strong at 4:1. ONGC, Bharti Airtel, HDFC, Nalco, Glaxo Smithkline are the top gainers on the frontline indices.

Sensex was up 360.21 points or 1.81% at 20290.89, and the Nifty up 136.65 points or 2.29% at 6097.25.

About 2089 shares have advanced, 945 shares declined, and 52 shares are unchanged.

The BSE Midcap Index ended at 9,117.44 up 0.8%.

The BSE Smallcap Index ended at 11,530.92 up 1.2%.