Markets closes with smart gains: Nifty above 5,000 level

21 April 2008

The markets closed in green with hefty gains on the first day of the week. Nifty maintained its position well above the 5,000 mark. The cues were strong from Asian peers. All BSE indices closed in green. Buying support was seen from metal, telecom, capital goods, technology, power, realty, FMCG and banking stocks. Midcap and small cap stocks outperformed the frontline indices. Market breadth was positive in the favour of advances.

Top gainers were Tata Steel, JP Associates, Wipro, Suzlon Energy, Idea Cellular and SAIL while losers - BHEL and Sterlite Industries.

Sensex closed up 258.13 points or 1.57% at 16739.33, and the Nifty up 78.60 points or 1.59% at 5037.00.

About 2116 shares have advanced, 736 shares declined, and 224 shares are unchanged.

The BSE Midcap Index ended at 6,983.26 up 2.2%.

The BSE Smallcap Index ended at 8,752.83 up 2.6%.