>> Monday, November 10, 2008
Markets turn out to be bullish with strong global cues.
China announced a stimulus package to boost growth. Metals, power and capital goods stocks were the major gainers in today’s upmove.
All the sectoral indices ended in the green. BSE Metal Index surged 11.04 per cent, BSE Power Index climbed 8.36 per cent, BSE Oil&gas Index moved 6.28 per cent higher.
Sterlite Industries, up 14.16 per cent, was the standout performer in Monday’s trade. Tata Steel (12.78%), Tata Power (11.89%), Reliance Infrastructure (11.29%), Bharti Airtel (10.85%) and Hindalco Industries (9.76%) posted significant gains.
Among frontline stocks, ITC (-1.54%) and Maruti Suzuki (-0.6%) ended with losses.
Market breadth on BSE showed 1692 advances against 856 declines.
More readings ET.