Business Daily from THE HINDU group of publications
Tuesday, June 17, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Tuesday, June 17, 2008 ePaper | Mobile/PDA Version |
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Update at 1815 hrs (IST)
Markets Sensex gains over 300 points MUMBAI: The markets were on an upswing on Tuesday with the Bombay Stock Exchange benchmark Sensex posting a gain of over 300 points on buying support in banking, realty and capital goods segments. The BSE barometer gained 301.08 points, or 1.96 per cent, at 15,696.90, after touching the day's high of 15,732.75 and a low of 15,357.98 points. The wide-based National Stock Exchange index Nifty rose by 80.50 points at 4,653.00. It rose to a high of 4,664.05 and dipped to a low of 4,561.75 points during the day. "Interest rate sensitive stocks are attracting a fair amount of buying by domestic funds, which in turn are lending support to banking shares,'' said a Delhi-based NSE broker Rajiv Malik. He said realty stocks were bolstered by Unitech-Lehman deal as we ll. Banking stocks surged the maximum and the sectoral index gained 311.54 points at 7,567.17, as most of the banking stocks led by ICICI Bank, SBI, HDFC Bank, Yes Bank, Kotak Bank, Axis Bank and Punjab National Bank witnessed good buying support. Capi tal goods index also gained 260.07 points at 12,363.27 followed by realty sector index by 226.32 points at 6,099.19. - PTI
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