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Sensex ends 336 points higher

Sensex ends 336 points higher
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First Published: Mon, Aug 11 2008. 04 10 PM IST
Updated: Mon, Aug 11 2008. 04 10 PM IST
New Delhi: The markets ended firm with the benchmark index closing higher by 336 points at 15,503 levels. In broader markets, the Nifty moved up 91 points to 4,620 levels.
“The market is likely to display a positive trend on the back of increasing investor confidence on economic outlook and positive global cues,” said a technical analyst with Sharekhan.
Most Asian markets rose Monday on a strengthening dollar, lower oil prices and optimism about global stock markets. Tokyo’s Nikkei 225 added around 2% to close at 13,430 after inching up 0.33% at the end of last week.
However, China’s Shanghai Composite Index slipped 5.2% to 2,470 following the release of economic data.
Back home, leading the pack of gainers among the Sensex scrips was Jaiprakash Associates. The counter moved up 7.7% by close. Reliance Industries, State Bank of India, Tata Motors, Reliance Communication, DLF Limited and Infosys Technologies were some of the other notable gainers.
Strength was also visible in banking counters. The BSE banking index firmed up 4.2% by close of trade. Punjab National Bank, Bank of Baroda, Bank of India, Federal Bank, HDFC Bank, Yes Bank Indian Overseas Bank logged smart gains besides State Bank of India and ICICI Bank.
Fresh investor interest was also visible in realty counters with Indiabulls Real Estate firming up 13.7% or Rs43. Unitech Limited (up 6.3%), DLF Limited (3.6%), Mahindra Life (2.8%), Omaxe Limited (2.6%) and Sobha Developers (2.3%) were some of the other notable gainers.
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First Published: Mon, Aug 11 2008. 04 10 PM IST
More Topics: Markets | Stocks | Sensex | Nifty | BSE |