Market: Indices

15 June 2007

It was a strong seesion for markets and they closed near the highest point of the day. Sensex ended with gains of around 200 points above 14,200 and the Nifty was up over 55 points above 4,150 levels.

The gain was inline with global markets. Asia ended strong most of the Asia ended up 1% and even Europe opened strong. Buying was seen in scrips across sectors. The midcaps and the smallcap outperformed the frontline indices. Nifty discount futures had widened at around 14 points. The market breadth was positive but the volume was relatively low.

There was lot of stock specific action. Nicholas Piramal ended up 6% on the back of news that it is examining possibility of hiving off R&D biz