Home > Business > Market Report

Sensex gains 14 points at close

December 11, 2003 16:44 IST

The Sensex opened above the 5,300 levels with a gain of 22 points at 5,307, and moved with steady gains on stock-specific activity to touch a high of 5,317 in the opening session. The markets faltered in the afternoon session on sustained selling pressure, particularly in heavyweights, and slipped to a low of 5,254.

The Sensex, however, recovered from its losses on a late bout of buying in PSUs and other select old economy stocks, and ended with a gain of 14 points at 5,300. The Nifty, too, had a mixed outing, and added eight points to close at 1,695.

SBI gained ground towards the fag-end, and advanced 2% (Rs 10) to Rs 474. HPCL rose 3% (Rs 13) to Rs 404. BHEL, after a mixed outing, ended down a per cent (Rs 5) at Rs 450.

Hindalco and HDFC Bank surged 3% each to Rs 1,330 (up Rs 38) and Rs 351 (up Rs 10), respectively. HDFC and ICICI Bank raked in 4% gain each to Rs 613 (up Rs 24) and Rs 284 (up Rs 10) on sustained buying support. ONGC attracted buying support, and ended 2% higher (Rs 11) at Rs 693.

ITC ended down a per cent (Rs 8) at Rs 974. Reliance slipped from higher levels to finish down a per cent (Rs 7) at Rs 492. HLL closed down a rupee at Rs 187.

Dr. Reddy's and Cipla dropped 2% each to Rs 1,365 (down Rs 23) and Rs 1,194 (down Rs 25), respectively. Ranbaxy lost a per cent (Rs 13) to Rs 1,071.

Grasim (down Rs 3 to Rs 904) and ACC (down Rs 2 to Rs 221) ended with marginal losses. L&T, however, closed up a per cent (Rs 3) at Rs 439. Gujarat Ambuja was up a rupee at Rs 292.

Hero Honda added Rs 3 to Rs 400. Bajaj ended off-gains with a loss of Rs 3 at Rs 1,023, while Tata Motors lost nearly 2% (Rs 6) to Rs 415.

Wipro exhibited firm trend on sustained buying support, and logged 2% gains (Rs 35) to Rs 1,634. Infosys and Satyam, however, ended with marginal losses at Rs 4,973 (down Rs 2) and Rs 336 (down a rupee), respectively.


Article Tools
Email this article
Print this article
Write us a letter



Related Stories


Sensex ends flat at 5132

Sensex drops 57 points at close

Sensex down 25 points at close



People Who Read This Also Read


Bharti kicks off tariff war







Powered by










Copyright © 2003 rediff.com India Limited. All Rights Reserved.