Select stocks sizzle, indices fizzle

Select stocks sizzle, indices fizzle

The BSE benchmark Sensex ended 90 points higher to close at 16,244 and the Nifty index ended 7 points higher to 4,887.

Volatile markets ended with modest gains as the early rally fizzled out on back of selling pressure in the Capital Good, Power and PSU stocks. However, a lot of Mid-Cap and Small-Cap stocks were in action. Stocks like Gujarat Alkali, Orchid Chemical, Ceat, Bombay Dyeing and Aptech were among the major attraction for the day.

It was the IT stocks that saved the day for the bulls as for the second straight session they led from the front. The BSE IT index was up 3.73%. Infosys, Wipro, Satyam and HCL Tech were among the noticeable gainers.

Finally, the BSE benchmark Sensex ended 90 points higher to close at 16,244 and the Nifty index ended 7 points higher to 4,887.

Overall about 1,866 stocks advanced; 813 stocks declined while 75 stocks remained unchanged. Among the 50-Nifty 25 stocks ended in red and 36 stocks ended in green.