In the final hour of trade, markets pared considerable gains as selling activity intensified among index heavyweights. While stocks from the auto, FMCG and steel sectors displayed strength, select stocks from the banking, pharma, energy and telecom sectors witnessed selling pressure. As regards global markets, the Asian indices closed mixed, the European indices trading higher currently.
The BSE Sensex closed almost 30 points higher, while the NSE Nifty closed higher by 8 points. The BSE Midcap and Smallcap indices closed with marginal gains. The rupee was trading at 41.98 to the dollar.
Thursday, August 7, 2008
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