| "Europe opened weak ahead of Bank of England and European Central Bank's interest rates meet making investors wary on any surprise rate moves. Also, Congress-led alliance is not expected to win in UP," a dealer said. |
| Uttar Pradesh is headed for a hung legislature, exit polls showed on Wednesday. |
| Elections in Uttar Pradesh, one of the biggest states in the country, are crucial as the government's ability to implement hard-line economic policy measures may be hit if it does not come to power there, dealers said. |
| The Bombay Stock Exchange's 30-share Sensex ended at 13771.23, down 10.28 points or 0.1 per cent from Wednesday. Intraday, it moved between a low and high of 13745.23 and 13976.79. |
| The National Stock Exchange's 50-share Nifty ended at 4066.80, down 12.50 points or 0.3 per cent. Intraday, it moved between 4057.55 and 4134.20. |
| Turnover on both the exchanges was roughly Rs 12,900 crore, compared with Rs 12,300 crore on Wednesday. The CNX Midcap Index was up 0.4 per cent and the S&P CNX 500 Index ended down 0.3 per cent. |
| National Council of Applied Economic Research on Thursday said it expects India's economy to grow 8.3 per cent in 2007-08. |
| Housing Development Finance Corp, up 6 per cent at Rs 1,680, was the top Nifty gainer. The bank may raise Rs 150 crore through a 10-year bond issue next week, reports said. |
| Brokerage Edelweiss Securities has upgraded HDFC to "buy" with a price target of Rs 2,230. |
| Shares of metal companies also gained. Sterlite Industries was up 3 per cent at Rs 556 and Hindalco Industries was up 1 per cent at Rs 147. |
| Tata Steel rose 2 per cent to Rs 576 amid speculation steelmakers are readying for another price hike, as the promised timeframe to hold prices ends this month. |
| Steel Authority of India ended up 0.3 per cent at Rs 134. |
| Bajaj Auto gained 2 per cent at Rs 2,607 amid talk the company may announce hiving off its financial business into a separate company soon. |
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