Nifty closes at 14-month high; auto, realty, metals lead
03 Aug 2009
The Sensex and the Nifty surged smartly in the last one hour of the trade and closed at 14-month high. The Nifty closed above the 4,700 mark for the first time since June 6, 2008. The rally was led by auto, realty, metal and oil & gas stocks. Good buying was also seen in power, capital goods and pharma stocks.
Stocks like Reliance, Infosys, ICICI Bank, L&T, SBI, BHEL, Reliance Comm and ONGC were the positive contributors to the Sensex and the Nifty.
The BSE midcap and smallcap indices closed up 2.3% and 1.69% respectively.
The Sensex closed up 253.92 points or 1.62% at 15924.23, and the Nifty was up 74.95 points or 1.62% at 4711.40.
About 1801 shares advanced, 1034 shares declined, and 337 shares were unchanged.
The BSE auto index closed up 4.60% or 262.77 points at 5976.45. Stocks like Bharat Forge, Amtek Auto, Cummins, Mah and Mah and Bajaj Auto were up 6-18%.
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