Markets end with good gains; Metal, banks, oil & gas up 3 per cent

29 December 2008

Markets closed with good gains after extremely choppy session. The BSE Bankex outperformed the other sectoral indices; it was up nearly 4%. Good buying interest was also seen in metal, oil & gas, power and capital goods stocks. The BSE Midcap and Small Cap indices closed up 1.58% and 0.78% respectively.

On the global front, Asian markets closed mixed. European markets are trading higher; FTSE and DAX were up nearly 1% each.

The Sensex closed up 204.60 points or 2.19% at 9533.52, It has touched an intra day high of 9,550.40 and an intra day low of 9,162.66.

The Nifty was up 64.95 points or 2.27% at 2922.20. It has touched an intra day high of 2931.80 and an intra day low of 2812.90.

About 1439 shares have advanced, 1294 shares declined, and 469 shares are unchanged.

Top gainers on the Sensex are Satyam at Rs 148.25 up 9.41%, Jaiprakash Asso at Rs 79.00 up 7.26%, Ranbaxy Labs at Rs 232.20 up 7.03%, ICICI Bank at Rs 444.50 up 6.35% and Grasim at Rs 1,248.05 up 5.02%.