Market ends on new high: Metal, banking stocks shine

28 September 2007

The bulls are in complete charge of the markets taking it to yet another life time high. It was not only a strong day for the markets but a good end to a phenomenal week. The week saw Sensex crosssing the milestone of 17,000 and the Nifty breached the 5,000 mark. Today the Sensex breached 17,300 mark and the Nifty was trading well above 5,000 mark.

The uptrend was powered by metal stocks followed by the banking majors, FMCG and pharma stocks. However trading weak were select oil & gas and IT pivotals followed by select auto stocks. The broader markets were trading inline with the frontline indices with moderate gains.

Sensex was up 140.54 points or 0.82% at 17291.10, and the Nifty up 20.80 points or 0.42% at 5021.35.

About 1502 shares have advanced, 1457 shares declined, and 74 shares are unchanged.

The BSE Small Cap Index closed at 9,099.93 up 0.6%.

The BSE Midcap Index ended at 7,422.43 up 1.2%.