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Tuesday, May 3, 2005

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News Update as at 17.00 hrs (IST)

Markets
Sensex up 21 pts in range-bound movement

MUMBAI: The markets opened firm and turned stronger on Tuesday mainly supported by bank stocks and select blue chips. Later, indices moved in narrow range on alternative buying and selling. Automobile stocks such as Tata Motors and Maruti turned gainers on selective buying.

Technology stocks such as Infosys, Wipro, Satyam and TCS have declined on steady selling by traders and investors.

Bank stocks were up early on some keen buying interest. SBI was up 1.65 per cent at Rs 599.10 and Oriental Bank of Commerce too gained 2.54 per cent at Rs 284.10.

The Sensex ended at 6,216.77, up by 21.62 points over the previous close.

At the NSE, the S&P CNX Nifty was also up by 4 points at 1920.70.

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