HOW MARKET FARED

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Markets ended in green following strong close by major global markets. The key indices took off in the later half of the session led by gains in the Technology, Telecom, Capital Good, Banking and Auto stocks. Mid-Cap and the small cap stocks also participated in today’s rally with both the indexes gaining almost 1% each. Among the four listings only AMD Metaplast particularly stood firm, rest of three scrips were lackluster. Tea and Mid-Cap IT stocks also were in the limelight today contributing to the upswing. Finally, the 30-share benchmark Sensex surged 214 points to close at 12644. NSE Nifty was up 70 points to close at 3678. BHEL, Tata Tea and Gail were the major gainer however, ITC, Hero Honda and Dr Reddy’s Lab were the major losers among the 50-scrip’s of NSE Nifty.

AMD Metaplast engaged in the business of manufacturing crowns, plastic closures and PET preforms for carbonated soft drinks and bottled water was listed Rs65 versus an offer price of Rs75 translating a discount of 13%. However, the scrip recovered its losses and was up by 4.4% to Rs78 touching an intraday high of Rs82.55 and low of Rs64 and recorded volumes of over 1,00,00,000 shares on BSE.

Punj Lloyd gained 2.5% to Rs784 after the group announced that it would construct UK's First World Scale Bio-ethanol Plant. The scrip touched an intra-day high of Rs792 and a low of Rs760 and recorded volumes of over 2,00,000 shares on NSE.

Technology stocks were in the limelight. Mid-Cap stocks led from front, i-Flex surged by over 6% to Rs1981, Mphasis BFL was up by 4.7% to Rs293 and Rolta gained 4.5% to Rs367. However, Wipro, Infosys and Satyam Computer were major gainers among the heavy weights.

Pharma stocks were in good health. Cipla gained 0.9% to Rs224, Ranbaxy was up 0.3% to Rs316, Divi’s Lab advanced by 1.7% to Rs2907 and Glenmark Pharma added 1.2% to Rs588.

Telecom stocks were ringing with gains. Reliance Communication spurred over 5% to Rs397, Bharti Airtel gained 2.3% to Rs733, VSNL was up by 2.2% to Rs377 and MTNL surged over 4% to Rs147.

Auto stocks also shifted in top gear towards the end. Tata Motors paced ahead 3% to Rs771, M&M gained 1.3% to Rs738, Maruti was up 1.2% to Rs788, Bajaj Auto gained 1% to Rs2515 and TVS Motors added 2.4% to Rs62.