Skip to main content

Day End Report

The Sensex opened with a positive gap of 231 points at 13,581 on the back of positive cues from the global marekts. Unabated buying through the day helped the index extend gains as the day progressed.
The Sensex rallied to a high of 13,998, and finally ended with a smart gain of 615 points (4.6%) at 13,964.
The BSE Realty index soared 6% to 4,901, and the Bankex surged almost 5% to 6,183.
Advances beat declines in 4:1 ratio - out of 2,725 stocks traded, 2,129 advanced, 527 declined and 69 were unchanged today.
The NSE Nifty moved up 169 points to settle at 4,157.
Reliance Infrastructure zoomed 10.7% to Rs 835, and Jaiprakash Associates soared 10% to Rs 173.
Tata Motors rallied 7.5% to Rs 405. ITC surged 6.8% to Rs 184.
Reliance Communications and TCS advanced around 6% each to Rs 441 and Rs 876, respectively. HDFC Bank added 5.7% to Rs 1,059.
BHEL, Reliance, Bharti and Infosys gained 5% each at Rs 1,575, Rs 2,080, Rs 747 and Rs 1,821, respectively.
Grasim, DLF, ICICI Bank and Larsen & Toubro, also, have moved up nearly 5% each to Rs 1,752, Rs 450, Rs 622 and Rs 2,513, respectively.
NTPC has added 4.3% to Rs 168. HDFC and Tata Steel were up over 4% each at Rs 2,095 and Rs 678, respectively.
Mahindra & Mahindra, Ambuja Cements, Maruti and Wipro gained around 3.5% each at Rs 534, Rs 77, Rs 589 and Rs 434, respectively.
Satyam, Hindustan Unilever and SBI were up around 3% each at Rs 482, Rs 216 and Rs 1,239, respectively.

Comments

Popular posts from this blog

Stock Market says Merry Christmas to Investors

Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.

News - Economy

Interest rates unlikely to go down (The Economic Times 4th Jan 2008)Interest rates are unlikely to fall in near future as it was expected with the State Bank of India raising the fixed deposit rate of various maturities up to 1.5 percentage points. Other banks are also planning to raise deposit rates. After SBI increasing deposit rates, other banks have no choice but to raise the rates to mobilize resources in the domestic market, chairman of a public sector bank said. As the cost of funds for banks will increase, they will resort to raising the lending rates. A senior banker said banks would announce the increased rates in near future. More Gold zooms past Rs 11,000 per 10 gm (The Hindu Businessline 4th Jan 2008)Gold prices made history as they soared to a record $ 865.35 an ounce in the London A.M fixing on Thursday, tracking which the domestic gold surged to Rs. 11,000 per 10 gm. On Wednesday, gold was fixed at $ 840.75/oz in London while in the Indian market it quoted at Rs 10,70

IIP records negative growth of 0.4% in Oct

T he country's industrial output shrunk for the first time in many years to a record a negative growth of 0.4 per cent in October, stifled by manufacturing sector -- for rescuing which the government announced a stimulus package earlier this mo nth. Output had grown by 5.45 per cent in September, and 12.2 per cent in October, 2007. The Index for Industrial Production numbers for the seven-month period ended October was 4.1 per cent against 9.9 per cent a year ago. Manufacturing sector, which accounts for 80 per cent of the index, declined to 1.2 per cent from 13.8 per cent in the year-ago period. Only earlier this month, the government sought to rescue manufacturers by announcing an across-the-board (barring petroleum goods) four per cent cut in excise duty. Electricity sector grew by 4.4 per cent during the month, bettering 4.2 per cent output of the year-ago period, while mining sector grew by a slower 2.8 per cent against 5.1 per cent in the previous year's comparable period