AUG 12 TUESDAY
SHARES END HIGHER ON FALLING CRUDE PRICES.
Blue chips such as Reliance Industries , Oil and Natural
Gas and ICICI Bank helped Indian shares end higher
for the fifth consecutive session in Monday , with
sentiment boosted by Wall Street's strong close
on Friday due to a slide in crude prices.
The Bombay Stock Exchange's 30 stock sensitive
index , or sensex , rose 336.10 points or 2.2 % to end at
Rs 15503.92. It traded between 15367.97 and 15520.71
during the session.
Participants expect the markets to closely follow
global markets with some profit taking at every
rise .
The stock markets will be closed on Friday on
account of national holiday.
On Monday sweet light crude for September
delivery was trading at $ 116.32 a Barrel on the
Ner York Mercantile Exchange.
Despite Mondays rise Nymex crude is still under
some downward pressure following last week's
steep 7.9 % drop.
On the National Stock Exchange the 50 stock
S&P CNX Nifty rose 90.90 points to close at Rs 4620.40.
GAINERS OF THE DAY
Reliance Industries gained 3.4 % to Rs 2326.
ICICI Bank rose 5.7 % to Rs 770.75.
State Bank of India gained 4.6 % to Rs 1592.60.
HDFC Bank closed 2.2 % higher at Rs 1308.70