Bourses surge ahead, end in positive terrain

Written by Markets Bureau | Mumbai, Apr 16 | Updated: Apr 17 2008, 05:52am hrs
Taking cues from the overnight gains in the US markets coupled with positive sentiments that prevailed in the markets after Infosys announced its results, the countrys indices remained bouyant for the entire trading session on Wednesday.

The 30-share Bombay Stock Exchange (BSE) Sensex ended the day on a positive note, gaining 90.53 points or 0.56% to close at 16,244.19 points while the broader Nifty ended the day with a gain of 7.65 points or 0.16% to close at 4,887.30 points. The IT and the technology stocks continued to lead the way after posting smart gains in the previous trading session on Tuesday. The BSE IT gained 144.02 points or 3.73% to close the day at 4,006.50 points while the BSE Teck rose by 62.77 points or 1.99% to end the day at 3,224.01 points.

Due to good participation in the broader markets, the overall markets breadth remained positive with 1,864 stocks advancing as against decline by 816 stocks and 74 remained unchanged.