by strong gains across other Asian markets, indices
rallied today and ended with very good gains. ONGC led
the large caps with a strong performance and was ably
supported by many other frontline stocks.
closed with gains of 215 points at 12645 and the Nifty
added 70 points to end at 3679. Nifty March futures
closed at a discount of 12 points to the spot index.
surged today and helped the indices in a big way. The
stock finally ended 4 per cent higher. Gail India added
4.9 per cent.
was the best performer among index stocks with gains
of 6.6 per cent.
Communications saw a major up move and closed 5.3 per
cent higher. MTNL added 4.1 per cent.
Motors sustained the up trend with gains of 3.1 per
Jet Airways closed 3 per cent higher.
banks, OBC added 2.9 per cent while HDFC Bank ended
2.3 per cent higher.
Ambuja Cements was the other major gainer, closing 3.3
per cent higher.
pharma stocks came under pressure today. Glaxo lost
a per cent and Dr. Redy's gave up 0.9 per cent. Sun
Pharma lost 0.7 per cent.
metals, Nalco shed a per cent and Hindalco lost 0.7
per cent. Tata Steel closed 0.2 per cent lower.
was the worst performer among index stocks with losses
of 2.1 per cent.
Honda slipped 1.5 per cent after the previous day's
Power was the other loser among index stocks, closing
0.5 per cent lower.
markets / crude oil
Most Asian markets rallied today and ended with significant
gains. Shanghai surged 2.85 per cent, which helped Hong
Kong to rally 1.65 per cent. Japan ended nearly 1.6
per cent higher and Singapore added 1.45 per cent. South
Korea added 1.1 per cent and Malaysia ended 0.85 per
closed nearly 0.3 per cent lower.
in Asia have helped the European markets as well. Major
European indices are trading with gains of between 0.5
per cent and 0.9 per cent each in afternoon trades.
oil prices remain weak after the previous week's decline.
Near month NYMEX futures are trading with losses of
around 0.5 per cent in European trades today.
and small caps also did well and the movements were
in line with the trend in large caps. All the major
mid-cap and small cap indices ended with decent gains.
plantation stocks had an excellent day on rumours of
a large financial package from the government. Jayshree
Tea ended in 20 per cent upper circuit while BBTC, Williamson
Magor and McLeod Russell closed at 10 per cent upper
prominent mid-caps, Max India added 10 per cent while
i-flex gained 6 per cent. NIIT Technologies closed with
gains of 8 per cent.
Nandy, RPG Transmission, Nicholas Piramal and Shree
Cements were among the other mid-cap gainers.