Stocks end higher amid high volatility -
October 7th, 2008
Stocks end higher amid high volatility
MUMBAI: A day marked with extreme volatility; key indices flip-flopped between positive and negative territory to finally end with gains, as inves
tors remained jittery about global economic woes even after liquidity boosting measures by regulators.
Bombay Stock Exchange's Sensex ended 0.15 per cent or 17.54 points lower at 11,784.16 after swinging between a high of 12181.43 and low of 11501.85 intra-day.
National Stock Exchange's Nifty closed 1.04 per cent or 37.45 points higher at 3639.80. The index fell to a low of 3537 from a high of 3732.65.
Midcaps and smallcaps were relatively more affected. BSE Midcap and Smallcap indices ended down 1.34 per cent and 1.54 per cent respectively.
Sectorwise, capital goods and technology stocks faced selling pressure. Oil & gas counters posted decent gains on the back of falling crude oil prices.
Larsen & Toubro (-6.72%), Sterlite Industries (-6.68%), Tata Consultancy Services (6.34%), HDFC Bank (5.82%) and Satyam Computer (-4.76%) were under severe pressure.
Ranbaxy Laboratories (5.09%), NTPC (4.8%), BHEL (3.57%), Bharti Airtel (2.47%) and Reliance Industries (2.39%) were the biggest Sensex gainers.
Market breadth remained weak. On BSE, 1802 declines outnumbered 809 advances.
(All figures are provisional)
Source : Economic Times