AUG 23 SATURDAY
BARGAIN HUNTING LIFTS EQUITY MARKET
Bargain hunting helped shares end higher on Friday ,
ignoring a rise in the country's inflation rate to its
highest level in over 13 years.
The Bombay Stock Ecshange's 30 stock sensitive index
or sensex rose 157.76 points or 1.1 % to end at 14401.49.
The whole sale price index bsed inflation rate surged
by 12.63 %.
Light sweet crude for October delivery was trading at
$ 120.54 a barrel on the New york Mercantile Exchange
after having jumped $ 5.62 to settle at $ 121,18 a barrel
on Thursday.
On the National Stock Exchange the 50 stock S&P CNX
Nifty rose 43.60 points to close at 4327.45.
GAINERS OF THE DAY
Sterlite rose 4.3 % to Rs 626.75.
Hindalco rose 4.3 % to close at Rs 134.55.
Hindustan Unilever rose 3.7 % Rs 244.85.
Housing Development Finance Corp rose 3.2 % to Rs 2280.
Infosys rose 1.8 % to Rs 1695.05.
Reliance industries gained 1.5 % to Rs 2245.65.