11 August 2008

Sensex up 336 pts, Nifty up 90 pts at 4620

Closing Bell: Benchmarks close over 2% up

Fresh bout of buying towards close of trade Monday helped benchmark indices close over 2 per cent higher. Banks, real estate were gained while IT stocks ended in the red.

Bombay Stock Exchange’s Sensex closed at 15,497.05, up 329.23 points or 2.17 per cent. It touched a high of 15,520.71 and low of 15,367.97. National Stock Exchange’s Nifty ended at 4620.15, up 90.65 points or 2 per cent. The broader index touched a high of 4625.20 and low of 4529.35 in the day.

BSE Midcap index ended 1.58 per cent up at 5980.22 and BSE Smallcap Index closed 1.22 per cent up at 7,269.65.

BSE Realty Index closed 5.31 per cent up at 5,801.34 and BSE Bankex ended 3.76 per cent higher at 7,673.25. BSE IT Index ended flat-to-negative at 3,882.07. Biggest Sensex gainers were Jaiprakash Associates (8.17%), Reliance Infrastructure (7.76%), Maruti Suzuki (5.16%), ICICI Bank (4.93%), State Bank of India (4.92%) and ONGC (4.31%). Losers comprised Sterlite Industries (-2.24%), Tata Consultancy Services (-1.06%), Tata Steel (-0.98%) and Infosys Technologies (-0.58%). Market breadth was positive on the BSE with 1723 advances and 985 declines. In Europe, FTSE was up 0.70 per cent, DAX gained 0.33 per cent and CAC 40 was up 0.46 per cent.
(above figures are provisional)
------------------------------------------------
Sensex ends up 336pts; realty, banking stocks shine

The Sensex opened with a positive gap of 262 points at 15,430 on the back of positive cues from the global markets. The index, thereafter, displayed firm trend throughout the day on the back of smart gains in banking, realty and oil & gas stocks.

The index touched a high of 15,521, and finally settled with a gain of 336 points at 15,504.
The BSE Realty index surged 5.3% to 5,799. The Bankex advanced over 4% to 7,702, and the Oil & Gas index surged 3% to 10,437.

The market breadth was fairly bullish - out of 2,776 stocks traded, 1,736 moved up, 971 declined and the rest were unchanged today.The NSE Nifty moved up 91 points to end at 4,620.

INDEX MOVERS

Jaiprakash Associates soared 7.7% to Rs 198. Reliance Infrastructure surged 6.7% to Rs 1,102. DLF added 3.5% to Rs 568.
ICICI Bank rallied 5.7% to Rs 771. SBI moved up 4.7% to Rs 1,593. HDFC and HDFC Bank added 2.2% each to Rs 2,570 and Rs 1,309, respectively.
Maruti surged over 5% to Rs 716. ONGC and Reliance Communications gained 3.7% each at Rs 1,103 and Rs 454, respectively. Reliance advanced 3.3% to Rs 2,326. Mahindra & Mahindra added 2.8% to Rs 590, and BHEL was up 2.5% at Rs 1,827.

...AND THE SHAKERS
Sterlite slipped over 2% to Rs 625. TCS and Tata Steel were down 1% each at Rs 834 and Rs 645, respectively.

VALUE & VOLUME TOPPERS
Reliance Communications topped the value chart with a turnover of Rs 239.50 crore followed by Reliance (Rs 232.50 crore), Reliance Capital (Rs 220.70 crore), debutant Vishal Info (Rs 216.25 crore) and Reliance Natural Resources (Rs 181.20 crore).Reliance Natural Resources led the volume chart with trades of around 1.73 crore shares followed by Vishal Info (1.17 crore), Kashyap Technologies (1.05 crore), IFCI (99 lakh) and Cals (73 lakh).

Source:ET, BS

No comments: