Online edition of India's National Newspaper
Wednesday, Mar 21, 2007
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Online edition of India's National Newspaper Wednesday, Mar 21, 2007 ePaper |
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MUMBAI: The Sensex ended 61 points higher on Tuesday after late profit-booking pared early gains while cement stocks rallied smartly on possibility of some tax break for the industry. Powered by strong global cues, the 30-issue index touched an intra-day high of 12798.80 points but later fell back to a low of 12674.77 due to profit booking at higher levels. Finally, the Sensex ended at 12705.94, a net rise of 60.95 points or 0.48 per cent over Monday's close of 12644.99. Cement shares hogged the limelight on reports that the government was now planning to offer them a five-year tax holiday to set up more capacity to end current demand-supply mismatch and consequently soften prices. The appreciating rupee, however, weighed down on some IT shares which suffered a sharp setback as the unit's surge against dollar would affect the bottomline of these companies. In Asian markets, Nikkei ended up by 154 points and Hang Seng by 90 points. — PTI
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International |
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