The benchmark Sensex surged 516 points to close at 14,564 and Nifty ended 146 points higher to close at 4,360.

| August 29, 2008 | 0 Comments

Market ended with healthy gains as bulls put on a stellar show on Friday. A surprising decline in inflation figures, inline GDP numbers and firm global cues lifted the sentiments on Dalal Street. All round buying was witnessed in scrip’s across the sectors which saw the benchmark BSE Sensex and the NSE Nifty index to close above the 14,500 and 4,350 mark respectively.

All the BSE Sectoral indices ended in the green, the BSE Bankex index (up 6.2%), BSE Realty index (up 4.7%) and BSE Metal index (up 3.5%) were among the top gainers. Even the Mid-Cap and the Small-Cap indexes attracted buying, the BSE Mid-Cap index rose 2.4% and the Small-Cap index gained 1.5%.

All the 30 components of the BSE Sensex ended in positive terrain, with Reliance Industries, the country’s most valuable company leading from the front. Others blue chips like ICICI Bank, SBI, Infosys and L&T were among the major gainers.

Finally, the benchmark Sensex surged 516 points to close at 14,564 and Nifty ended 146 points higher to close at 4,360.

In the overall market, 1,839 stocks advanced and 804 stocks declined. Whereas, 99 stocks were unchanged.

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