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Nifty ends at new peak of 4,446.15

The S&P CNX Nifty recovers smartly by 59 points to close at a new high of 4,446.15 on the National Stock Exchange (NSE).
PTI | By HT Correspondent
UPDATED ON JUL 12, 2007 08:23 PM IST

The S&P CNX Nifty on Thursday recovered smartly by 59 points to close at a new high of 4,446.15 on the National Stock Exchange (NSE), following sharp rise in banking counters coupled with hectic short-coverings by foreign funds on the back of firm Asian market.

Asian markets too exhibited firm trend. The Hang Seng ended 202 points higher, the Kospi 19.79 points and Singapore ST 29.62 points but the Nikkei closed in negative terrain.

The S&P CNX Nifty opened slightly higher at 4,388.05 and firmed up further to day's high of 4,451.95 before before ending at new closing high at 4,446.15 from previous close of 4,387.15, a net rise of 59.00 points or 1.34 per cent.

As many as 773 shares advanced, 326 declined and 31 ruled steady with 87 securities hitting their price bands.

The CNX Nifty Junior strengthened by 170.10 points to 9,075.65, the Bank Nifty by 121.35 points to 6,916.05, the CNX Midcap by 94.60 points to 6,157.85, the CNX 100 by 61.75 points to 4,383.10, the S&P CNX 500 by 53.50 points to 3,744.45, the S&P CNX Defty by 36.35 points to 3,801.70 and the CNX IT by 15.55 points to 5,193.55.

Top five S&P CNX Nifty gainers were REL, Hindalco, Sterlite, SAIL and HDFC Bank while losers were ONGC, Gujarat Ambuja Cement, BPCL, Hcl Tech and Satyam computer.

The total turnover on NSE shot up to Rs 12,882.28 crore from Rs 11,182.68 crore on Wednesday. A total of 5,162.79 lakh shares changed hands in 42,06,395 trades, total market capitalisation stood at Rs 42,40,547 crore.

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