| The Sensex and Nifty on Tuesday ended at record
closing highs led by select banking, cement and
automobile shares. Players attributed part of the gains
to the monthly review by the Centre for Monitoring
Indian Economy, which revised its forecast for real
gross domestic product growth for 2005-06 to 7.6 per
cent from 6.8 per cent. |
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| The Bombay Stock Exchange's 30-share Sensex ended at
9263.90, up 130.23 points, 1.4 per cent from Monday.
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| The National Stock Exchange's 50-share Nifty ended
at 2812.30, up 36.10 points or 1.3 per cent. |
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| Intra-day, the Sensex and Nifty recorded lifetime
highs of 9274.19 and 2815.30 respectively. |
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| "The market doesn't have a reason to witness any
major fall, barring a few minor corrections at crucial
resistance levels. There has been a decent amount of
foreign fund inflows and there are no major worries at
the macro level either," said a dealer at a local
brokerage. |
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| However, the BSE saw losers outnumber gainers 1333 :
1155. In the A group, 61 per cent shares rose, while in
B1 and B2, 55 per cent and 51 per cent of the shares
fell, respectively. |
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| Investment bank Morgan Stanley on Tuesday said that
it saw the next crucial resistance for the Sensex,
beyond the 9250-9275 level, at 9540 with an interim
resistance at 9405. |
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| Tata Motors, up 6 per cent at Rs 626.30, followed by
Associated Cement Company, up nearly 6 per cent at Rs
558.50, led the Nifty gainers. |
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| Banking majors State Bank of India, Punjab National
Bank and HDFC Bank and auto leaders Mahindra &
Mahindra and Maruti Udyog rose over 1 per cent each.
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| Reliance Energy, Tata Power, Hindustan Petroleum
Corporation and Cipla were each down marginally. |
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| The CNX Midcap Index also saw a new lifetime high of
3975.60, before settling at 3972.40, up 1.04 per cent
from the previous close. |
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| Bajaj Hindustan was the top mid-cap gainer, up
nearly 20 per cent at Rs 284.35. Exide Industries and
Bombay Dyeing and Manufacturing Company fell 3 per cent
each. |
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| ABG Shipyard, which debuted on the BSE on Tuesday,
ended at Rs 272.40, up 47.24 per cent over its initial
public offer price of Rs 185.
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