Market ends with moderate gains: IT, oil & gas stocks gain

28 August 2007

The market ended in green with moderate gains after trading flat for major part of the day. Buying was seen in IT, oil & gas, FMCG and metal stocks. However, selling pressure was seen in banking, auto and media stocks. Metal stocks like Hindalco and SAIL surged during the final hour of trade. IT major Satyam was up over 3%.

Media stocs like Zee Ent, HT Media, Sun TV ended in red along with some telecom stocks like Reliance Communication, VSNL, MTNL and Idea.

Sensex was up 76.81 points or 0.52% at 14919.19, and the Nifty up 18.10 points or 0.42% at 4320.70.

About 1715 shares have advanced, 1214 shares declined, and 86 shares are unchanged.

Top gainers on the indices were Satyam, SAIL, Hindalco, ITC and HDFC Bank.

Top losers on the indices were ICICI Bank, Tata Motors and Ranbaxy Labs.