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Heavyweights provide pull

STOCK REPORT

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Crisil Marketwire Mumbai
Last Updated : Feb 26 2013 | 12:10 AM IST
Key indices ended up on Monday due to short covering ahead of August futures contract expiry Thursday and on buying in select heavyweights,dealers said.
 
Hindustan Lever Ltd and Reliance Industries ended up over 1 per cent each. However, gains were limited on account of profit sales and weakness in Asian and European markets, dealers said.
 
The Sensex ended at 11619.52, up 47.32 points or 0.4 per cent from Friday, after moving between 11552.44 and 11633.35 intra-day.
 
The National Stock Exchange's 50-share Nifty ended at 3401.10, up 15.15 points or 0.5 per cent, after moving between 3377.75 and 3405.30 intra-day.
 
Combined turnover on the exchanges was roughly Rs 7,200 crore. "We did not see any momentum in the market today as investors remained on the sidelines. However, volumes may improve as the derivative expiry is nearing," a dealer said.
 
Asian indices ended down today, as investors were cautious ahead of US economic data.
 
Among BSE indices, BSE Metal Index, up 1 per cent, was the top gainer.BSE Oil and Gas Index, up 0.9 per cent, was the other major gainer on decline in global crude oil prices, and news that the government may issue first Oil bonds worth Rs 14,150 crore to state-run oil marketing companies by month-end.
 
Hindustan Petroleum, up 5 per cent at Rs 269, was the top Nifty gainer. Bharat Petroleum, up 3 per cent at Rs 358, was the other major gainer.
 
L&T surged 3 per cent to Rs 2,415 after the company's order book position rose to Rs 28,286 crore.
 
Tech Mahindra listed at Rs 521 and 42.7 per cent premium to its issue price Rs 365. The stock closed at Rs 554.25, up 51.9 per cent. GAIL India, down 2 per cent at Rs 270, was the worst hit on Nifty. Zee Telefilms, Cipla and Sun Pharmaceuticals, down 1 per cent each, were other major laggards.

 
 

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First Published: Aug 29 2006 | 12:00 AM IST

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