Markets end strong ahead of election results

15 May 2009

The markets traded higher throughout the day and closed with good gains ahead of the election results on Saturday. Good buying interest was seen in banks, capital goods, IT, realty, metal, power, pharma, auto and oil & gas stocks.

The Sensex closed up 300.51 points or 2.53% at 12173.42. It has has touched an intra day high of 12,219.54 and an intra day low of 11,948.70.

The Nifty ended up 78.20 points or 2.18% at 3671.65. It has touched an intra day high of 3686.25 and an intra day low of 3597.85.

The market breadth was positive, about 1576 shares advanced, 1170 shares declined, and 374 shares were unchanged.

Top gainers on the Sensex were Ranbaxy Labs at Rs 199.80 up 8.59%, ICICI Bank at Rs 574.45 up 7.03%, Grasim at Rs 1,881.60 up 4.96%, Bharti Airtel at Rs 799.80 up 4.68% and L&T at Rs 988.15 up 4.32%.

However, top losers on the Sensex were ONGC at Rs 812.95 down 2.27%, NTPC at Rs 187.60 down 0.56%, ITC at Rs 186.15 down 0.51%, Hindalco at Rs 70.40 down 0.49% and HUL at Rs 224.30 down 0.09%.