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Equities stage smart recovery; Nifty up 22 points to 1178.95

Share prices staged a smart rally on fresh buying support from foreigin institutional investors and bull operators in spite of the last day of the current settlement at the National Stock Exchange today.

Mirroring the positive trend, the S&P CNX Nifty shot up by 22.30 points to 1178.95 points from 1156.65 points of the previous day.

The CNX Nifty Junior shot up by 48.4 points to 2001.60 points from 1953.20 points. The S&P CNX Defty improved by 16.7 points to 949.30 points from 932.60 points.

The S&P CNX 500 index appreciated by 12.89 points to 800.03 points while CNX Midcap 200 strengthened by 15.91 points to 692.55 points.

The top S&P CNX Nifty gainers were: IFC which shot up by 18.11 per cent to Rs 15 from 12.70, Reliance Petroleum 8.05 per cent to Rs 25.50 (23.60), Tata Chemicals 8.03 per cent to Rs 76.70 (71), IPCL 8.01 per cent to Rs 113.90 (105.45) and L&T 8.01 per cent to Rs 279.70 (258.95).

The top losers were: P&G which slid to Rs 1,025 from Rs 1,070, Hindustan Lever to Rs 2,225 (2,309), Novartis Rs 930 (965), Indian Hotel Rs 336.55 (347.90) and Cipla Rs 1335.15 (1370).

UNI

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