Equity Alert: Share indices rise 2%; banks, metal cos lead gains

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K.Karthik Raja

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Jul 7, 2008, 4:48:41 AM7/7/08
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Equity Alert: Share indices rise 2%; banks, metal cos lead gains
MUMBAI--1:21PM--Share indices rose 2%, helped by firm cues from
European and Asian markets.
Most large-cap shares advanced on bargain buying, they said.
Sensex was at 13701.48, up 247.48 points, or 1.8%. Nifty was at
4086.05,
up 70.05 points, or 1.8%.
Bank and metal shares led gains, with National Aluminium Co and
State
Bank of India up nearly 5% each.
GAIL (India), up nearly 6%, was the top Nifty gainer.
Dealers expect Nifty to face resistance at around 4100 and find
support
at 4000.
Cairn India and Tata Power, down over 2% each, were major laggards
on
Nifty.
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