Market ends higher: Bank, pharma, FMCG outperform

03 September 2007

It was a good close for markets as they ended in green with decent gains after opening flat and trading lacklustre for major part of the day. The rise in our markets was seen on the back of some strong cues from global peers. Good buying was seen in bank, capital goods, pharma and realty stocks. Select oil & gas, auto and IT stocks were under pressure.

Midcaps and smallcap stocks outperformed giving markets positive breadth.

NTPC was the star performer up over 7.5% followed by Dr Reddy''s, Cipla, Reliance Petro and ABB.

Sensex was up 103.45 points or 0.68% at 15422.05, and the Nifty up 10.75 points or 0.24% at 4474.75.

About 2101 shares have advanced, 849 shares declined, and 68 shares are unchanged.

The BSE Midcap Index ended at 6,720.07 up 112 points or 1.7%.