Tuesday, September 2, 2008

Investors cheer crude slide; banks, realty lead

Shrugging soft cues from Asian peers, investors cheered the slide in crude oil prices which eased inflationary concerns. Interest rate sensitive sectors like banking and realty were in the limelight.

The BSE Healthcare edged lower as Ranbaxy Laboratories took a severe beating on the buzz that Monday was the last day for cash delivery to tender in open offer. Its offer will close on September 4.

National Stock Exchange's benchmark Nifty on Tuesday climbed 30 points or 0.7 per cent higher to at 4378.95. The index touched a high of 4389.50 in the first few minutes of trade.

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