Friday, September 18, 2009

Nifty grazes 5000

ET Bureau

Nifty , the favourite 50-share index used by traders to bet on the future, briefly flirted with the psychological 5,000 mark on Thursday in a global rally of stocks on hopes that the worst global recession since the Great Depression is coming to an end. But the 68% surge this year has also made some believe that gains from here may be limited if the economic and earnings data do not catch up.

The S&P CNX Nifty rose to a high of 5003.05 before closing 0.14% higher at 4965.55.

Here are the best performing stocks in this rally:

Tata Motors
18 Sep 2009, 1022 hrs IST





Price: Rs 605.75

Percentage change (over 13 Sep, 09): 130.63

Hindalco Industries
18 Sep 2009, 1018 hrs IST




Price: Rs 136.40
Percentage change (over 13 Sep, 09): 94.03

HCL Technologies
18 Sep 2009, 1015 hrs IST




Price: Rs 342.65

Percentage change (over 13 Sep, 09): 87.55

Unitech Ltd
18 Sep 2009, 1011 hrs IST




Price: Rs 110.15

Percentage change (over 13 Sep, 09): 69.46

Jindal Steel & Power
18 Sep 2009, 1006 hrs IST





Price: Rs 626.95

Percentage change (over 13 Sep, 09): 58.62


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