ICICI Bank leads gainers from Sensex pack - Battered Bankex bounces back.


Reliance Infrastructure, Sterlite Industries, Reliance Communications and HDFC Bank are among the other major gainers from the Sensex pack. Small-cap, mid-cap indices underperform Sensex

The BSE Sensex was up 761.26 points, or 7.23%, to 11,289.11.
ICICI Bank galloped 17.58% to Rs 428.10 after the private sector bank’s chief executive K.V. Kamath reiterated that deposits with the bank are safe, and that the bank had a cushion to take domestic and overseas shocks. The stock was the biggest gainer from the 30-share Sensex pack.

Kamath today, 13 October 2008 told a television channel that the bank remains well capitalized and that its capital adequacy remains 150% of normal requirement. The bank currently holds Rs 90,000 crore of government securities and its global subsidiaries have $2.5 billion in cash. The bank’s balance sheet was adequately cushioned, Kamath said.
Reliance Infrastructure spurted 16.34% to Rs 599.50. It was the second biggest gainer from the Sensex pack.

Sterlite Industries surged 16.03% to Rs 318.20. It was the third biggest gainer from the Sensex pack. On 24 September 2008, its board decided to scrap a restructuring scheme.

Reliance Communications moved up 12.47% to Rs 267. It was the fourth biggest gainer from the Sensex pack.

HDFC Bank gained 11.53% to Rs 1167. It was the fifth biggest gainer from the Sensex pack. Most of the banking stocks recovered from last week’s heavy fall boosted by finance minister P Chidambaram\`s statement that the government was working on more measures to infuse liquidity in the banking system and increase the confidence of depositors and investors. -CM
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NSE Block Deal TATA CONSULTANCY SERVICES 101046 Shares At 565...

NSE Block Deal
ZANDU PHARMACEUTICAL Works 19549 Shares At 14880

-RM India courteys
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BSE
Block deal Jain irrigation systems 300000 shares at 303

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BSE
Block Deal Sintex Industries 250000 Shares At 212

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Sensex Up Over 800 Points At 11330 As 29 Of 30 Index Components Trade In Green...

NSE eyeing 3500. very close to target .
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Sterling performance! No doubt! what short term target can we expect? I have bought at 705 and holding... regards, satyababu...

can u explain me wat is block deal n how it is going to impact on dat share price pls?...

zoombusiness-A few days back it was down and out of Investors favour!!All of a sudden today its up!!I feel Mr Kamaths pro-active Nationally Televosed interview,has come out trumps!! Mr Kamath should spend some more time to ensure that rumour mills grind to a halt!!...

FM comments---------------- Stocks opened sharply higher Monday after re-assuring comments on the market situation by finance minister P Chidambaram on the health of Indian economy. He expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country`s economic fundamentals and the banking system were strong. National Stock Exchange`s benchmark Nifty climbed 88.75 points to 3368.70. Bombay Stock Exchange`s 30-share Sensex surged 344 points to 10872 from Friday`s close. Asian markets were on recovery path Monday after Australia guaranteed bank deposits and European leaders agreed to support lenders in a global effort to end the credit crisis. Hang Seng rose 0.31 per cent, Straits Times added 0.52 per cent and S&P/ASX climbed 3.68 per cent. Japanese markets are closed for a national holiday. Wall Street futures indicated a sharp rebound ahead of the opening bell on Monday. Dow Jones Industrial futures rose 235 points, or 2.8 per cent, to 8,605. Standard & Poor`s 500 futures jumped 19.25, or 1.50 per cent, at 1,309.00; and Nasdaq-100 futures added 22.10, or 2.48 per cent, at 913.10. ET.....

time will come, when one more block deal will take place @ 75/share. just watch and wait. swamy. ...

remember buffets words "dont think of holding a stock for 10 mins if u cant hold it for 10 years,the stock should be worth holding even if the stock market remains closed for another 10 years ".I think HDFC BANK is such a good one you can hold on even if market remains closed....

Actually, there were three block deals on NSE. The turnover of TCS on NSE was four times the normal day turnover in cash trades....