![]() Financial Daily from THE HINDU group of publications Saturday, Jan 29, 2005 |
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Markets
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Commentary Columns - Sensor Blistering bull run Nath Balakrishnan
IN hindsight, it appears that the bulls were just warming up on Thursday. With the momentum well and truly behind them, the bulls went on a blistering run on Friday, moving up a whopping 179.66 points to breach the 6400-mark and end at 6419.09 points. The Nifty put on 53.30 points to settle at 2008.30 points. In terms of the magnitude of the movement, the Sensex and the Nifty posted their single biggest one-day gain since May 18th last, when markets recovered after the battering on the by-now infamous Black Monday a day earlier. Key stocks that posted significant gains include the likes of Infosys Technologies, State Bank of India, Larsen & Toubro, Ranbaxy Labs, Tata Consultancy Services, State Bank of India, Bajaj Auto, Bharat Forge, Gillette India and Cadila Healthcare. Prominent on the losers list were stocks such as Geodesic, Monsanto, Dishman Pharma, Aventis Pharma, Essel Propack, Torrent Pharma and Divi's Labs.
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