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Friday, April 24, 2009

Market today

Shares of telecom, capital goods, private power, auto and select cement companies helped the indices to post strong gains followed by broader indices, investing in these shares proved good which took market high on second half.
Domestic funds were the today's buyers in trade. Incremental flows from FIIs were too positive and long only funds were buyers in large cap stocks.
Telecom stocks gave strong support to the indices, as a leading FII was accumulating large cap telecom stocks like Bharti and Idea Cellular, which were up 5.47% and 4.76%, respectively. Reliance Communication gained 3.57%.
The 30-share BSE Sensex closed 194.06 points or 1.74% higher at 11,329.05 and the 50-share NSE Nifty rose 1.67% or 57.05 points, to settle at 3,480.75. The broader indices also ended in line with the benchmark indices - CNX Midcap was up 1.68%, to 3959.80 and BSE Smallcap Index closed at 4,068.26, up 68.48 points or 1.71%.
Bharti Airtel, Reliance Industries, SBI, L&T, HDFC, ICICI Bank, Grasim, M&M, HDFC Bank, Reliance Communication, Tata Power, Reliance Infrastructure, TCS and ACC were leading counters in today's gain.
The markets ended higher this week; the Sensex was up 2.78% and the Nifty gained 2.85%. Among broader indices, CNX Midcap Index was up 2.3% and BSE Smallcap Index gained 2.8%. Nifty Junior went up 5%.

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