Nifty ends above 4150: Realty, Power, Bank surge

09 July 2008

It was very good day for the market, as bulls had an upper hand throughout the day. The BSE Sensex closed near it psychological 14000 mark and Nifty closed above 4150. All BSE sectoral indices ended in positive. Realty, power, bank, FMCG, capital goods, IT and oil & gas stocks witnessed good buying interest.

After yesterday's 176 points loss on the Sensex, it has rebounded strongly in opening trade following positive cues from global markets, which had surge on the back of fall in crude price to USD 136 per barrel from all time high of USD 146 per barrel.

But following Iran test firing a missile, crude has rebounded from USD 136 levels to USD 137.66 per barrel on the Nymex.

The Sensex was up 614.61 points or 4.60% at 13964.26, and the Nifty was up 168.55 points or 4.23% at 4157.10.

About 2219 shares have advanced, 690 shares declined, and 234 shares are unchanged.

Reliance Infra, Jaiprakash Asso, Tata Motors, ITC, Reliance Comm and TCS were top gainers on the Sensex.