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Indian bourses end in red despite early gains

Indian stock markets open higher on Monday, up 240 points on the back of strong US cues, but fail to hold on to the gains at the higher levels.

business Updated: Nov 19, 2007 17:37 IST
IANS

Indian stock markets opened higher on Monday, up 240 points on the back of strong US cues, but failed to hold on to the gains at the higher levels.

The benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shut shop at 19,633.36, losing 65 points or 0.33 per cent.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) closed flat at 5,908 points.

The broader mid-cap and small-cap indices outperformed the Sensex. The BSE mid-cap index closed at 8,730.82, gaining 218.44 points or 2.57 per cent and the small-cap index scaled up by 292.16 points or 2.81 per cent, plotting at 10,672.89.

Sugar stocks saw heavy buying. Balrampur was up 11 per cent, Triveni surged 19 per cent and Bajaj Hindustan advanced six per cent.

The top gainers on the Sensex were ACC, which surged 4.25 per cent at Rs 1,083.85, Cipla advanced 3.43 per cent at Rs 186.85 and Bajaj Auto moved up 3.32 per cent at Rs 2,426.20.

The top losers on the Sensex were ITC Ltd, which slid down 3.10 per cent at Rs 198.80, ICICI Bank down by 2.67 per cent at Rs 1,186.85 and HDFC Bank declined 1.89 per cent at Rs 1,655.20.

First Published: Nov 19, 2007 17:33 IST