Morgan Stanley
India | Thursday, 28 August 2008
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BSE Sensex shrugs off inflation to close 81 points higher

By Vinita Ganju
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Posted 17 May 2008 @ 02:58 pm GMT

The day's top loser was Ambuja Cements, which fell 1.07 percent to Rs.110.90.

Tech stocks Infosys Technologies, Tata Consultancy Services (TCS) and Wipro declined 1.07 percent, 0.94 percent and 0.53 percent to Rs.1871.15, Rs.976.15 and Rs.506.15 respectively.

India's largest mortgage lender Housing Development Finance Corporation lost 0.95 percent to close at Rs.2766.90.

Telecom giant Bharti Airtel slipped 0.57 percent to Rs.851.35.

Other losers were Cipla (down 0.56 percent to Rs.212.50), Maruti Suzuki (down 0.46 percent to Rs.818.95), NTPC (down 0.31 percent to Rs.191.05), ACC (down 0.30 percent to Rs.680.05), BHEL (down 0.25 percent to Rs.1795.30) and Hindalco (down 0.17 percent to Rs.203.70).

Among the sectoral indices, all the counters, except IT (down 0.42 percent), ended up with Metal counter being the maximum gainer, jumping 1.90 percent.

The BSE Midcap and Smallcap indices gained 0.70 percent and 0.86 percent respectively to 7129.70 and 8620.26.

The market breadth was overall positive as 1547 shares advanced, 1137 shares declined and 84 shares remained unchanged.

The market will be closed on Monday on account of a local holiday.

The broader 50-share S&P CNX Nifty index of the National Stock Exchange (NSE) ended up 0.83 percent or 42.45 points at 5157.70. The index touched a high of 5167.40 and a low of 5106.40 during intraday trade.

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