Market ends strong: Energy, FMCG, auto stocks rally

06 September 2007

It was a good close for markets as they ended near the highest point of the day.We started sticky on concerns over US markets but gained ground going ahead. Buying was seen in scrips across sectors. Energy stocks like oil & gas, power, FMCG, auto and banking stocks closed in green. However, select metal and IT stocks underperformed.

Broader markets also participated in the uptrend and both the midcap and smallcap indices were up over 1%. Rupee was quoting at 40.96 against US dollar.

Top gainers on the indices are Reliance Energy, SBI, Ranbaxy, Grasim and HUL, Siemens, and HDFC.

Top losers on the indices are Hindalco, Wipro, Bharti Airtel, Zee Entertainment and TCS.

Sensex was up 170.16 points or 1.10% at 15616.31, and the Nifty up 42.75 points or 0.96% at 4518.60.

About 1809 shares have advanced, 1125 shares declined, and 85 shares are unchanged.