Skip to main content

Day End Report

he Sensex opened with a huge positive gap of 448 points at 13,764 on the back of positive cues from the US markets. After displaying range-bound trend in morning trades, the index firmed up and rallied to higher levels in the latter half of the trading day.
  
The buying, which was seen across-the-board, momentum was so strong that the index rallied past the 14,000-mark to a high of 14,097. The Sensex finally ended with a significant gain of 5.5% (727 points) at 14,042. In the process, the index also recovered its entire intra-week loss of 11.5% (1,443 points) when the index touched a low of 12,558 yesterday. Eventaully, the index has ended the week with a marginal gain of 41 points.

The NSE Nifty soared over 5% (207 points) to 4,245.

The BSE Realty index surged 7.5% (290 points) to 4,103. The IT index rallied 6.7% (229 points) to 3,667, and Oil & Gas index gained 5.5% (496 points) at 9,468.

The market breadth was fairly positive - out of 2,700 stocks traded, 1,888 advanced, 740 declined and the rest were unchanged today.

Satyam zoomed 10.5% to Rs 370. ICICI Bank soared 9% to Rs 628.

HDFC and Tata Power surged 8.3% each to Rs 2,308 and Rs 1,027, respectively.

DLF rallied 7.8% to Rs 427, and ONGC gained 7.3% at Rs 1,072.

Infosys moved up 6.6% to Rs 1,624. TCS, HDFC Bank and BHEL added 6.3% each to Rs 766, Rs 1,299 and Rs 1,711, respectively.

Jaiprakash Associates and Reliance rallied over 6% each to Rs 135 and Rs 2,052, respectively.

Reliance Communications, NTPC, Bharti Airtel, Reliance Infrastructure and Wipro advaned around 5% each to Rs 374, Rs 183, Rs 799, Rs 892 and Rs 417, respectively.

Ranbaxy and Tata Steel added 4.5% each to Rs 357 and Rs 480, respectively. Larsen & Toubro advanced over 4% to Rs 2,645.

Maruti, ITC and Sterlite were up around 3% each at Rs 742, Rs 191 and Rs 468, respectively.

Comments

Popular posts from this blog

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.

Diwali bang: Reliance Ind offers 1:1 bonus, interim of Rs 13

Reliance Industries Ltd announced a 1:1 bonus share issue, the first time in 12 years. According to a proposal approved by the RIL board on Wednesday, all shareholders will get one free share for every share held by them. Around 35 lakh shareholders will benefit from this so called ‘Diwali bonus’. The last bonus issue (also 1:1) by RIL was in 1997. The RIL board also proposed an interim dividend of Rs 13 per share for 2008-09. The dividend will entail an outgo of Rs 2,219 crore, including Rs 322 crore in taxes, said a senior company official. The board also approved the audited results of RIL for the year ended March 31, 2009.

Banking stocks take severe hit

(The Hindu Business Line 1st April 2008) Stocks in the banking sector took a severe hit on Monday, leading the market fall. The BSE Bankex was down a 5.89 per cent, sliding more than the Sensex which declined by over 4 per cent. In the bear run in the recent weeks, the BSE-Bankex index has been the hardest hit; it has shed close to 2400 points in the last one month. Inflation figures are a big cause for worry for the banking sector as a whole, said analysts. Inflation has shot up to 6.68 per cent, its highest in more than a year. “With such high inflation figures, the chances of a reduction in the interest rates have become even less. The buzz in the market is that this might lead the RBI to hike the CRR rate to curb inflation,” said Ms Anita Gandhi, Head Institutional Business, Arihant Capital Markets. Another reason, marketmen said, is that the cues for growth in the fourth quarter for banks seem weak. “In the third quarter, the banks declared good profits, but we will see a reversal...