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Sensex ends flat, broader markets log substantial gains.

MUMBAI: Benchmark indices of the Indian equities markets ended flat on a weekly basis, while broader markets logged substantial gains amid political excitement across the country as social activist Anna Hazare led thousands of protestors in an agitation against corruption.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) ended the week flat at 19,451.45 points, up 31.06 points from the previous week's close of 19,420.39 points.

At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty also ended the week on a lacklustre note, closing about 16 points lower at 5,842 points on Friday.

However, broader markets ended with handsome gains, helped by rising capital goods, consumer durables and realty stocks. The BSE midcap index closed 2.73 per cent higher, while the BSE smallcap index moved up 4.96 per cent.

Major gainers on the Sensex for the week were: BHEL , up 6.1 per cent at Rs2,200.75; Hero Honda, up four per cent at Rs1,663.50; M&M, up 3.8 per cent at Rs727.75 and ACC, up 3.6 per cent at Rs1,117.70.

Major losers included NTPC, down 4.8 per cent at Rs183.65; DLF, down 2.8 per cent at Rs259.45; Hindustan Unilever, down 2.7 per cent at Rs276.35 and Wipro, down 2.5 per cent at Rs465.45.

Asian markets gain Among other global bourses, Asian markets ended the week with gains.

For the week, the Japanese Nikkei average closed 0.61 per cent higher at 9,768.08 points.

Hong Kong's Hang Seng advanced 2.5 per cent to 24,396.07 points, while China's Shanghai Composite moved up 2.11 per cent at 3,030.02 points on Friday.

Oil prices, which shot up to a 30-year high had its impact on the US markets as the US Dow Jones Industrial Average ended the week flat at 12,380.05 points, while the S&P 500 and the technology heavy Nasdaq closed with moderate losses.

Among the European markets, Britain's FTSE rose 0.76 per cent at 6,055.75 points and the German DAX closed nearly 0.52 per cent higher at 7,217.02 points on Friday.

The French CAC 40 moved up a modest 0.18 per cent to 4,061.91 points. The Indian markets have closed lower for the fourth straight day. The Sensex declined 139 points to 19,451 and the Nifty fell 43 points to 5,842.

Muscat Press and Publishing House SAOC 2011

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Publication:Times of Oman (Muscat, Oman)
Date:Apr 10, 2011
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