Sensex up by 252 pts at close

NIFTY 5932.40 65.95
SENSEX 19976.23 251.88

The bulls, after staying away from the ring for a better part of the session, staged a dramatic comeback and lifted the market high up into the positive territory in late afternoon trade today.
The negative close on Wall Street and weak Asian markets due to fresh concerns over subprime lending in US did cast a shadow on the Indian bourses when trade commenced this morning.

Though a few frontline stocks, led by State Bank of India, ONGC and Infosys Technologies, managed to find support and posted smart gains in early afternoon trade, it was only during the fag end of the session the bulls decided to swing back into action with great vigor.

The Sensex, which was down with a massive loss of nearly 470 points at 19,255.77 at one stage this morning, vaulted to a high of 20,025.63 in late afternoon trade and ended with a sparkling gain of 251.88 points or 1.28% at 19,976.23. The Nifty, which had tanked to a low of 5714.25, zoomed 1.12% or 65.95 points over its previous closing mark to 5932.40.

State Bank of India (up 8.75% to Rs 2251.75) turned in a sparkling performance and played a stellar role in lifting the sentiment today. Other heavyweights from the banking sector, HDFC Bank (up nearly 5%) and ICICI Bank (2.45%) also finished on a high note.

Reliance Energy (4.8%), ONGC (2.7%), Grasim Industries (2.2%), ITC (2.05%), Infosys Technologies (2.05%) and BHEL (2.05%) posted strong gains. Maruti Suzuki, which remained quite listless today, ended with a sharp gain of 1.8%.

Index heavyweight Reliance Industries bounced back into the positive territory a little past mid afternoon and closed with a handsome gain of 1.55% at Rs 2712.70. Tata Motors (1.5%), NTPC (1.2%) and Tata Steel (1%) also closed with notable gains.

Larsen & Toubro, one of the stocks to buck the weak trend this morning, lost its way midway through the session but recovered well during the final hour of trade to close stronger by 0.8%. Hindustan Unilever, Ambuja Cements, Ranbaxy Laboratories and Dr. Reddy's Laboratories posted modest gains. Bajaj Auto and Tata Consultancy Services ended almost unchanged from their previous closing levels.

Bharti Airtel had another weak outing on concerns over the ACC, Satyam Computer Services, HDFC, Wipro, Cipla and Mahindra & Mahindra eased by 1% - 2%. Despite enjoying a bright spell in the positive territory, Reliance Communications ended in the negative territory with a loss of 0.6%. Hindalco closed with a marginal loss.

Reliance Petroleum, Siemens, Hindustan Petroleum Corporation, Unitech, Punjab National Bank, SAIL and ABB finished with smart gains.
GAIL India, HCL Technologies, Nalco, Hero Honda, GlaxoSmithKline Pharma, Zee Entertainment and VSNL ended with sharp losses.

Besides sector heavyweights State Bank of India, HDFC Bank and ICICI Bank, a few other bank stocks also closed on a high note today. Bank of Baroda, Union Bank of India, Allahabad Bank, Indian Overseas Bank, Andhra Bank, Centurion Bank of Punjab, Yes Bank, Oriental Bank of Commerce, Axis Bank, Punjab National Bank, Kotak Bank, Dena Bank, Indian Bank, Bank of Maharashtra, UCO Bank, IDBI and Vijaya Bank were among the major gainers from the banking sector.

Fertilizers & Chemicals hit the roof today. National Fertilizers also hit the upper circuit. Dredging Corporation, Engineers India, Spice Telecom, Punjab Lloyd, Hinduja TMT, Mangalore Refineries & Petrochemicals, Bongaigaon Refinery, LIC Housing Finance, Gujarat Minerals, Aventis Pharma and Bharat Forge closed with strong gains.

Ruchi Soya, Kalyani Steel, Adlabs Films, IOL Broadband, IVRCL Infrastructure, JK Cement, JM Financial Services, Gujarat Alkalies, PTC India, Nagarjuna Fertilizers, Geodesic Infosys, Everest Kanto Cylinder and Kirloskar Oil Engines were among the major gainers from the midcap space.
Among smallcaps, Polyplex, Prime Securities, Nocil, Voltamp Transformers, Panchmahal Steel, Sona Koyo, Dolphin Offshore, South Asian Pipes, Ruchi Infrastructure, Hindustan National Glass, Adhunik Metals, Sahara One, Goldiam International, Mercator Lines, Arihant Foundations, Rico Auto, Deepark Fertilizers, Aztec Software, Noida Toll Bridge and Paradyne Infotech gained significant ground.

Out of 2802 stocks traded on BSE today, 1399 stocks closed with gains. 1340 stocks ended in the negative territory and 63 stocks finished at their previous closing levels.

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GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
fertilisers and chemicals travancore ltd.
28.55
19.95
national fertilisers ltd.
66.80
19.92
dena bank
72.50
11.19
dredging corporation of india ltd.
959.05
9.99
engineers india ltd.
904.10
9.99
state bank of india
2251.75
8.73
bank of baroda
372.85
6.54
punj lloyd ltd.
498.40
6.30
hinduja tmt ltd.
436.00
6.25
mangalore refinery and petrochemicals ltd.
82.10
6.20
bongaigaon refinery ` petrochemicals ltd.
70.85
6.14
union bank of india
187.85
5.92
indian bank
163.15
5.70
tata power company ltd.
1297.05
5.52
l i c housing finance ltd.
354.95
5.23
gujarat mineral development corporation ltd
2647.90
4.99

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GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
lakshmi electrical control systems ltd.
462.10
19.99
polyplex corporation ltd.
203.75
19.99
jindal photo ltd.
218.00
19.97
national organic chemical industries ltd.
40.30
19.94
agro dutch foods ltd.
30.70
19.92
ruchi soya industries ltd.
117.80
19.83
richa knits ltd.
28.75
19.79
voltamp transformers ltd.
1642.20
19.04
d c m ltd.
58.35
18.71
nilkamal plastics ltd.
241.05
14.56
sona steering systems ltd.
54.80
11.83
kalyani steels ltd.
471.30
11.80
adlabs films ltd.
978.45
11.02
bihar caustic ` chemicals ltd.
75.15
10.10
bayer diagnostics india ltd.
1478.15
9.99
adhunik metaliks ltd
171.70
9.99
paradyne infotech ltd.
241.60
9.99
salora international ltd.
223.20
9.97
visesh infotecnics ltd.
29.70
9.79
reliance natural resources ltd.
142.00
9.39

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GAINER- BSE Group B2
Company
Last Price (Rs.)
Gain(%)
shetron ltd.
61.85
19.98
prime securities ltd.
165.15
19.97
skm egg products export (india) ltd.
18.15
19.80
vikram thermo (india) ltd.
28.25
19.19
bombay swadeshi stores ltd.
108.05
18.21
ashim investment company ltd.
57.95
15.66
alufluoride ltd.
28.70
14.11
panchmahal steel ltd.
269.00
14.05
gei hamon industries ltd
125.00
11.90
sanguine media ltd.
35.35
11.69
ponni sugars (erode) ltd.
34.45
10.95

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