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Market Update : 
Sensex Up 47%, Sixth Yearly Rise
Author: 123jump.com Staff
123jump.com
Last Update: 6:12 PM EST December 31 2007

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The Sensex index in Mumbai traded rose 0.4% or 80.04 to close at 20,286.99. For the year 2007 Senssex rose 47.1%. Braoder index, CNX Nifty 50 rose 1% to close at 6,138.60 and for the year surged 55%. Reliance Communication and Idea Cellular gained in the session. Gold and silver rose in the session on the rising international prices. Bharti Airtel surged 5% after Temasek of Singapore led investor group plan to invest $1 billion in the infrastructure subsidiary.

 
Rashtriya Chemicals & Fertilizers climbed 55 to 117.95 rupees after the company announced that it has signed a memorandum of understanding with GAIL India for setting up coal gasification project in Talcher, Orissa.

Bata India surged 12.8% to 289 rupees on new reports that Reliance Industries' subsidiary Reliance Retail has entered into a strategic alliance with the company to jump-start its footwear retail store chain.
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