makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 31.05.2011 TUESDAY

Tuesday, May 31, 2011

MARKET ENDED 31.05.2011 TUESDAY

WERE TODAY'S GAINERS

MARKET ENDED 31.05.2010 TUESDAY

SENSEX 18503.28 +271.22

NIFTY 5560.15 +87.05

NASDAQ 2813.89 +17.03

UPDATEDTIME 09.28 PM 31 MAY 2011

Indian markets ended near day's highs as investors bought stocks across the board following rally in global equities. Lower-than-expected domestic GDP data was discounted by investors.

India's economy grew 8.5 per cent in fiscal year 2010/11 below the government's estimates of 8.6 per cent. The economy grew 8 per cent in last fiscal. For the quarter ended March 20011, the GDP grew at lower-than-expected 7.8 per cent against 9.4 per cent in the same period a year ago.

National Stock Exchange's Nifty ended at 5560.15, up 87.05 points or 1.61 per cent. The broader index touched a high of 5571.60 and low of 5489.70 in trade today.

Bombay Stock Exchange's Sensex closed at 18503.28, up 271.22 points or 1.51 per cent. The 30-share index hit a high of 18526.80 and low of 18266.61 intraday.

BSE Midcap Index was up 1.84 per cent and BSE Smallcap Index moved 1.11 per cent higher.

Amongst sectoral indices, BSE Realty Index surged 2.52 per cent, BSE FMCG Index gained 2.06 per cent higher and BSE Bankex advanced 2.05 per cent.

Jaiprakash Associates (4.97%), Ambuja Cement (3.81%), DLF (3.52%), ACC (3.50%), and Grasim (3.31%) were the major Nifty gainers.

Cipla (-1.26%) and SAIL (-0.25%) were the only losers.

Market breadth was positive on the NSE with 1815 advances as compared to 1052 declines.
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