Business Daily from THE HINDU group of publications
Wednesday, Dec 17, 2008
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Business Daily from THE HINDU group of publications Wednesday, Dec 17, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Stock Markets Markets - Stock Markets 
Our Bureau Mumbai, Dec. 16 The Sensex crossed 10,000-mark in the intra-day trade while the Nifty closed above the 3,000-mark on Tuesday, as a rush of buying in the closing hours of trade led to gains across stocks. The buying mainly came from proprietary traders (brokers) whose net purchase of equity amounted to Rs 32.9 crore. FIIs were net buyers for Rs 6.42 crore on Tuesday while domestic institutions were net sellers for Rs 39.4 crore. “After choppy trade during the day, a rally in the last hour took the Nifty near the crucial 3,050 levels. All-round buying was seen, and the highest sectoral gains were seen in oil & gas, banking and cement stocks,” said Mr P.K. Agarwal, President – Research, Bonanza Portfolio Ltd. The Sensex shot up to 10,009 in the last hour of trade as proprietary traders covered their short positions. The benchmark index finally closed 144 points up at 9,976. The broader Nifty index closed at 3,041. There was also broad-based buying in the mid-cap and the small-cap stocks towards the close of the trading. The market sentiment remained broadly positive even on Tuesday as FIIs have been net buyers for several trading days over the last 10 days. Even the domestic institutional investors (DIIs) had been turning net buyers during the last couple of trading sessions (on Monday DIIs were net buyers for Rs 42.7 crore). Index heavyweight Reliance Industries closed with a gain of 3.58 per cent while SBI closed 2.83 per cent up. The Mid-cap and the Small-cap indices outperformed the Sensex with gains of 2.50 per cent and 3.21 per cent respectively. The advance-decline ratio was positive, with 1,866 stocks advancing on the BSE while 648 declined. Stimulus package peps up bourses Realty index spurts the most on revival steps NSE revises lot sizes of derivative contracts 13 cos announce buyback More Stories on : Stock Markets | Stock Markets
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