Business Daily from THE HINDU group of publications
Tuesday, Feb 05, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 05, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
|
Home Page
-
Stock Markets Markets - Stock Markets
Our Bureau Mumbai, Feb. 4 The stock markets ended on a resilient note on Monday, continuing the upswing seen on Friday. Following the trend of the last two days across global markets, the key indices — the Sensex and the Nifty — gained 2.30 per cent and 2.75 per cent respectively on Monday. The major Asian markets closed with gains on Monday, while the major European markets were trading in the green at domestic closing time. FIIs were net buyers for Rs 163.74 crore, and domestic institutional investors for Rs 731.83 crore, combined provisional data for BSE and NSE showed. However, the volatility of the last fortnight continued to persist, the Sensex coming off the day’s high of 18,895 points (which was 650 points above the previous close) to reach an intra-day low of 18,439. It closed at 18,660. The Nifty gained 146 points closing at 5,463. “It is part of an overall global rally, one doesn’t know whether it is a sustainable rally but overall, the worst is behind us,” Mr Satish Ramanathan, Head of Equities, Sundaram BNP Paribas Mutual Fund, said. Among the sectoral indices, BSE Realty index was the biggest gainer at 6.53 per cent while the IT index gained 4.15 per cent. ‘seCTOR rotation’“It is too early to talk of sectoral indices, what we are seeing presently is a bit of sector rotation. After 7-8 sessions of rally, a sectoral leader may emerge,” Mr Ramanathan said. “The volumes have still to catch up as retail participation is still very low, but once the market goes up, volumes are bound to go up,” Mr Lalit Thakkar, Head of Research, Angel Broking, said. Liquidity crunch likely to ease Markets recover after a 918-point intra-day fall Bulls roar back as Sensex scores record 1,139-point rally More Stories on : Stock Markets | Stock Markets
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
