Business Daily from THE HINDU group of publications
Thursday, Aug 17, 2006
Business Daily from THE HINDU group of publications Thursday, Aug 17, 2006 |
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Stock Markets Markets - Foreign Institutional Investors Our Bureau
Mumbai , Aug. 16 Riding high on positive cues from buoyant global markets, the BSE Sensex on Wednesday closed at 11,448.31 points, up by 135.32 points, rising by 1.20 per cent over the previous close. The NSE's S&P CNX Nifty index closed at 3,356.05 points, up 42.95 points or 1.30 per cent. The indices rose piggybacking on banking and PSU stocks. While the BSE Bankex index shot up by 126.82 points (2.51 per cent) to end the day at 5,171.71, the BSE PSU index gained 2.46 per cent to close at 5492.27 points. All indices, except the BSE CD index, ended the day on a positive note. It lost 21.64 points, or 0.73 per cent, to end the day at 2,958.30. According to dealers, the post-noon session saw a slump following profit booking by small-cap and mid-cap investors. "The market is moving in line with global and Asian markets. Rumours that the Bank of England would hike interest rates scaled down the market surge a bit in the post-noon session," said Mr Ketan Jhaveri of DH Securities.
Gainers, losers
Among the top gainers, HDFC Bank ended higher by 4.90 per cent to close at Rs 846.20 per share. Other top gainers included Hero Honda, up 3.37 per cent, to close at Rs 704.70, and Larsen & Toubro, up 3.30 per cent, to close at Rs 2382.15. Among the top losers were Cipla, down 1.72 per cent to close at Rs 245.90, and Bajaj Auto, down 1.58 per cent to close at Rs 2,740.95. As per the provisional data available, FIIs were net buyers on the exchanges, to the tune of Rs 303.95 crore, on Wednesday.
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