Online edition of India's National Newspaper
Tuesday, Feb 19, 2008
ePaper | Mobile/PDA Version
Online edition of India's National Newspaper Tuesday, Feb 19, 2008 ePaper | Mobile/PDA Version |
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MUMBAI: Reversing the upward trend of the last three sessions, the Sensex ended down on Monday with heavyweight Reliance Industries, Tata Steel and SBI yielding grounds, but Reliance Power notched up major gains on its plans to issue bonus shares. The 30-share index on the Bombay Stock Exchange settled at 18048.05 on Monday, a fall of 67.20 points, or 0.37 per cent from the Friday’s close of 18115.25. Market observers said the key index moved in tandem with the global cues. The Sensex touched a high of 18256.82 but only to fall to a low of 17900.96 after reading the narrowly mixed Asian trend. However, the index managed to recover towards the end on firm opening in European markets. Anil Ambani’s Reliance Power, which has been trading steeply below its offer price of Rs. 430, recovered smartly on its intentions to issue bonus shares to shareholders, except the promoters. R-Power clocked a gain of 7.53 per cent at Rs 413.65 — PTI
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