AUG 8 FRIDAY
STOCKS END HIGHER AMID VOLATILITY
Shares closed higher on Thursday after a volatile session
with traders taking profits at highs and investors looking
for bargains at lows.
The Bombay Stock Exchange's 30 stock sensitive index ,
or sensex rose by 0.3 % to end at 15117.25.
It opened weak as profit taking continued from the
closing hour of trade on Wednesday ,taking the markets
down to 14,992.97 before bargain hunters took it to an
intra day high of 15280.06.
On the National Stock Exchange the 50 stock S&P
CNX Nifty closed flat at Rs 4523.85.
Automobile makers gained as traders bought on
expectations that vehicle sales are likely to receive
a much needed boost with the Indian festival season
kicking off from September , typically the time when
sales are high.
Shares were also helped by hopes that falling crude prices
may help stall inflation , which may prompt the Central Bank
to keep intrest rates steady.
GAINERS OF THE DAY
Tata Motors rose 4. 1 % TO Rs 444.20
Mahindra rose 2.5 % to Rs 575.95
Maruti Suzuki closed 2.4 % higher to close at Rs 668.55
LOSERS OF THE DAY
Bharati Airtel fell 2.5 % to Rs 850.15
Reliance Communication declined 1.8 % to Rs 438.55
Idea Cellular closed 0.4 % lower at Rs 89.15
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