Markets ends with hefty gains: Nifty closes above 200 DMA

29 April 2008

The markets are trading higher with hefty gains on account of Repo and Reverse Repo remained unchanged by RBI in the new Credit Policy. However, RBI has hiked CRR by 25 bps to 8.25%. Nifty has surged above 5,200 mark and is hovering around that level, Nifty closed above 200 DMA first time since February 29. On the sectoral front, IT, realty, banking, metal indices ended with smart gains. The BSE mid-cap and small cap indices closed with moderate gains, each up nearly 1%.

On the global front, cues from Asian markets were mixed. While, Europe is trading mixed. 

Sensex closed up 362.50 points or 2.13% at 17378.46, and the Nifty up 105.85 points or 2.08% at 5195.50.

About 1666 shares have advanced, 1211 shares declined, and 204 shares are unchanged.

BSE Realty index was up 6% at 8,688.48. 

The BSE Midcap Index ended at 7,148.05 up 1.2%.