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Day End Report

The Sensex opened with a significant positive gap of 421 points at 10,209 on the back of rate cut by the Reserve Bank of India (RBI) over the weekend. The RBI on Saturday announced a 100 basis points cut in cash reserve ratio (CRR), a 50 basis points cut in repo rate and also reduced the statutory liquidity ratio (SLR) by 100 basis points.
Some profit-taking in intra-day trades saw the index touch a low of 10,113. The index, however, moved back to higher levels led by solid gains in realty, capital goods and banking stocks. The Sensex touched a high of 10,363, and finally ended with a gain of 550 points at 10,338.

In the process, the index has now surged over 34% (2,641 points) from its recent low (7,697) of 7,697 in just five trading sessions. The Sensex, however, is still down over 51% from its peak (21,207) touched in January.

The BSE Realty and Capital Goods indices rallied over 8% each to 2,142 and 7,592, respectively. The Bankex gained 7.5% at 5,387.

The market breadth was fairly positive with over three advancing stocks for every declining share - out of 2,652 stocks traded, 1,970 advanced, 633 declined and the rest were unchanged today.

Reliance Infrastructure zoomed over 17% to Rs 535. DLF soared nearly 15% to Rs 253, and Jaiprakash Associates surged 13.3% to Rs 81.

Ranbaxy and SBI rallied around 12% each to Rs 190 and Rs 1,241, respectively.

Tata Motors and Larsen & Toubro moved up around 11% each to Rs 191 and Rs 892, respectively.

ICICI Bank zoomed nearly 8% to Rs 431. NTPC soared 7.5% to Rs 151.

Grasim, Tata Steel, HDFC and Hindustan Unilever surged over 7% each to Rs 1,101, Rs 225, Rs 1,892 and Rs 238, respectively.

Maruti moved up 6.6% to Rs 602. ONGC and Bharti Airtel rallied 6% each to Rs 711 and Rs 688, respectively.

Hindalco and Reliance Communications were up 5.5% each at Rs 63 and Rs 233, respectively.

Satyam slipped 1.5% at Rs 300. Infosys, the only other loser, was marginally down at Rs 1,379.

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Day End Report

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