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Moneycontrol India :: News :: Market ends with hefty gains; Bankex up nearly 4% :: :: Local Markets :: Sensex, Nifty
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Market ends with hefty gains; Bankex up nearly 4%
2008-05-02 09:33:19 Source : moneycontrol.com
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Markets closed with hefty gains. It showed no signs of weakness during the day and also ignored the  higher inflation number. Inflation for  the  week-ended April 19 is at 7.57% versus 7.33%, at a 42-month high. On the sectoral front, the BSE bankex has outperformed the other sectoral indices; it was up nearly 4%.

 

The Sensex was up 312.81 points or 1.81% at 17600.12, and the Nifty up 62.30 points or 1.21% at 5228.20.

 

About 1480 shares have advanced, 1393 shares declined, and 209 shares are unchanged.

The BSE bankex was up 322.50 points or 3.66% at 9,142.18. Stocks like ICICI Bank, Federal Bank, Bank of India, Kotak Mahindra and Karnataka Bank surged.

The BSE auto index was up 135.15 points or 2.86% at 4,861.15. Stocks like Escorts, Maruti Suzuki, Punj Tractors, TVS Motor and Ashok Leyland flared up.

The BSE realty index was up 213.20 points or 2.51% at 8,718.69. Stocks like HDIL, Ansal Properties, Indiabulls Real, Unitech and DLF moved up.

The BSE IT index was up 96.65 points or 2.27% at 4,358.58. Stocks like Financial Tech,Tech Mahindra,HCL Tech, Wipro and Satyam spurted up.

The BSE capital good index was up 313.62 points or 2.25% at 14,244.87. Stocks like L&T, Rel Ind Infra, Greaves Cotton, Praj Industries and Carborundum closed in green.

The BSE oil & gas index was up 209.58 points or 1.82% at 11,715.37. Stocks like IOC, Petronet LNG, HPCL, Reliance, and Essar Oil ended positive.

The BSE FMCG index was up 13.07 points or 0.53% at 2,474.45. Stocks like Colgate, Godrej Consumer,Marico,Tata Tea, and United Spirits advanced.

The NSE cash turnover was at Rs 15284.57 crore and the NSE F&O turnover was at Rs 36304.41crore. The BSE cash turnover was Rs 6582.12 crore. Total market wide turnover was at Rs 58171.1 crore.

 

Markets Snapshot

Markets end strong shrugging off infltaion data which came at 42-mth high

Inflation for week wnded April 19 at 7.57% Vs 7.33%; CNBC-TV18 Poll Saw 7.27%

Sensex ends up 313 pts at 17600; Nifty up 62.3 pts at 5228.2

CNX Midcap Index up 1.2%, BSE Small-cap Index up 0.55%

All BSE Sectoral indices end in the green barirng metal index

Index gainers; REL up 6.7%, L&T up 4.4%, HCL Tech up 3%

BSE Bank Index up 3.6%; ICICI Bank up 6.5%, SBI up 2.7% on better than expected results

Auto stock gain after release of monthly auto numbers; BSE Auto Index up 2.8%; MUL up 6.2%, Tata Mot up 4%, M&M up 3.14%

BSE Metal Index down 1.5%; Sterlite down 4.2%, Hindalco down 4%, Tata Steel down 2.5%

HDIL up nearly 10% as the co gets govt nod for airport slum rehabilitation project

Reliance Power: acquires 3 coal mines in South Sumatra, Indonesia

Buzzers: IndusInd Bank up 13.2%, Graphite India up 20%, Mt Everest Mineral up 10%, SREI Infra up 16.2%

NSE Advance Declian ratio at 7:5

Total market turnover at Rs 58171 cr Vs Rs 57266 cr on Wednesday

Nifty futures turnover at Rs 36304 cr Vs Rs 33950 cr on Wednesday

FNO SNAPSHOT

Nifty shuts above 5200 mark for the first time since Feb 29th

Nifty Adds 15 lakh shares in OI; May premium shoots up over 20 points

Nifty 5000 Put Adds 6.3 shares in OI; 5400 Call adds 6.9 lakh shares

Nifty 5200 Call Adds 4.7 lakh sharse; Nifty 5200 Put Adds 4.5 lakh shares in OI

Banks, Power see strong OI buildup with a long bias

Metals see short buildup

Reliance Power sees significant June Buildup; rollover at 32%

Fresh Longs:

Momentum Stocks: IFCI, RNRL

Power: NTPC, R Power, REL

Banks: DCB, Indus Ind Bank, SBI

Mid Caps: Petronet LNG, Arvind Mills, Escorts, Finan Tech

Realty: HDIL, Ansal Prop

Fresh Shorts:

Metals:Hindalco, Tata Steel, SAIL

Shree Renuka

Short Covering:

Kotak Mah Bank, JP Ass, REl Cap, MTNL

Long Unwinding:

REC, TTML, Lanco Infratech, Aptech

ASIA TODAY

Straits Times up 2.8%, Nikkei up 2%, Hang Seng up 1.9%, Jakarta up 1.7%

Shanghai market is closed on account of Labor Day (gained 4.8% yesterday)

Financials in Sigapore such as DBS Group & United Overseas Bank led

Taiwan Flows

Taiwan: FIIs net buy equities worth $ 36.7 m in today’s trade (Prov)

FIIs sold equities worth $ 903 m during Apr month

Data to Watch

Nonfarm payroll employment

Result: American Tower Corp, The Washington Post Company

Markets This Week

Sensex Up 2.8%, Nifty Up 2.2%

CNX Midcap Index Up 3.5%; BSE Small CAp Index Up 1.5%

Nifty Gainers 

HCL Tech Up 14%, REL Up 12%, Satyam Up 11%, M&M Up 9%

Nifty Losers

Grasim, Siemens Down Over 10% Each,~Cipla Down 5%, ACC Down 4%

BSe IT Index Up 7%; Satyam Up 11%,~Wipro Up 8%, Infy, TCS Up 6% Each

BSE Realty Index Up 7%; Unitech Up~10%, DLF Up 8%, HDIL Up 17%

BSE Auto Index Up 5.6%; Tata Mot Up~8%, Maruti Up 7%, Hero Honda Up 5%

BSE Bank Index Up 3.3.%; SBI Up~4%, OBC Up 6%, HDFC Bank Up 2.5%

 

Continued on Page 2...........

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