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Sensex Sheds Some Gains On Profit Booking


The 30-share index Sensex, which gained more than 248 points during the opening trade today, has shed some of its gains owing to some profit booking witnessed across front line stocks.


Banking, healthcare and metal stocks were in the lead, while real estate and auto slipped in the negative terrain.


BSE Midcap and Smallcap index increased 0.34% and 0.21% respectively.


For the week ended on August 29, 2009, Inflation stood at -0.12% as against -0.21% during the last week ended on August 22, 2009.

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Nifty Crosses 4,800 Pts; Highest Level In Nearly 15 Months


During the early trading session today, the broad-based Nifty crossed 4,800-points level for the first time in 15 months.

The 30-share index BSE Sensex also remained up and gained more than 122 points.


The markets gained on the back of increased inflow of foreign funds driven by strengthening trends in other Asian markets.


Previously, the Nifty posted 4,821.30 points on June 2 2008. It hit a 52-week high of 4743.75 on Monday (Sep 07, 2009).

The Sensex had gained around 617 points during the last two trading sessions.

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Shares rise 2.3 per cent in Seoul


Seoul - Shares surged 2.3 per cent Thursday on the Seoul stock exchange on strong buying by foreign investors while South Korea's currency gained against the dollar.



The benchmark Kospi index soared 36.91 points to close at 1,644.68.


Advancing issues outpaced decliners 604 to 217.

The main index of the technology-heavy Kosdaq market inched forward 4.81 points to 525.01.

On currency markets, the US dollar was quoted at 1,224.50 Korean won, after 1,227 won Wednesday. (dpa)

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Stock Mkt Is Expected To Remain Strong, Says Sharekhan


The BSE Sensex surged 1.2% on Thursday, extending gains into a fifth successive session, backed by strong world markets and expectations the administration would focus on ensuring growth.


Financial stocks including private-sector lenders ICICI Bank and HDFC Bank headed the gaining chart on signs the easy economic position would continue to improve consumer spending.


India's main economic concern was lifting growth rather than inflation, Finance Secretary Ashok Chawla said on Wednesday, adding he saw no need for RBI to alter policy.


Market traders said this suggested interest rates would not climb rapidly and helped boost overall reaction.

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After Market Report : Nirmal Bang

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