Business   

Sensex up 48 points as equities rally

By Our Special Correspondent

MUMBAI APRIL 7. Stock markets rallied for the fifth consecutive day on expectation of an early end to the Gulf War- II.

The subdued sentiment in the East Asian markets also triggered further rally on Indian bourses.

The benchmark Bombay Stock Exchange 30-share sensitive index moved up and crossed the psychological barrier of 3200 in the afternoon and ended at 3215.24 against the previous close of 3167.70, a gain of 1.50 per cent. On the National Stock Exchange, S&P CNX Nifty index was up by 1.43 per cent at 1031.50 against 1016.95. Volumes were higher on BSE at Rs. 1,132.23 crores against Rs. 1,064.81 crores.

Analysts are expecting the market to move up in the coming days. They also hope that the year-end results of corporates will be better than expectation, even though there are some concerns on sectors such as information technology and fast moving consumer goods (FMCG).

However, they feel the broader market will be up as it may be guided by the war.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Science & Tech | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Industrial Economy: Strong improvement seen
• HCL Tech bags BT's BPO contract
• SAIL enters profit zone in Q4
• MobileFirst to have new tariff structure
• R & D centre for V9 Broadband
• Half measures will not do
• Dornier exploring business opportunities in India
• ACC to increase Wadi plant capacity
• Four Soft plans IPO
• SC rules in favour of Tata Chem
• Sensex up 48 points as equities rally
• Bullion rates
• Stock Market Index
• Exchange rates

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu