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Market ends with hefty gains; Bankex up nearly 4%

2008-05-05 11:06:42 Source : moneycontrol.com

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Mkts surge; Bank, auto, power up over 2%

Markets continue to maintain its upward momentum. Buying interest is seen in bank, auto, power; they are up over 2%. Power, capital goods, IT, oil & gas and reality stocks are also trading with good gain. However metal index is down 1.5%. Inflation for week ended April 19 is at 7.57% versus 7.33%, at a 42-month high.

At 13.50 pm, the Sensex is up 231.09 points or 1.34% at 17518.40, and the Nifty up 50.90 points or 0.99% at 5216.80.

About 1581 shares have advanced, 1287 shares declined, and 214 shares are unchanged.

Maruti Suzuki, Reliance Infra, Jaiprakash Asso and ICICI Bank were among the top gainers on the indices.

However, the top losers on the bourses are Hindalco, Reliance Comm, Tata Steel, Sterlite Ind and Hindalco.

Market flares; Inflation at 42-mth high

Markets continue to trade higher and show no signs of weakness. Even inflation numbers have come out higher than market expectation. Inflation for week ended April 19 is at 7.57% versus 7.33%, at a 42-month high. The BSE bank, auto, IT and power indices are witnessing buying interest and are up over 2% each.

At 12.02 hrs IST, the Sensex is up 228.20 points or 1.32% at 17515.51, and the Nifty up 52.70 points or 1.02% at 5218.60.

About 1669 shares have advanced, 1186 shares declined, and 227 shares are unchanged.

Reliance Infra, Maruti Suzuki, Jaiprakash Asso and M&M are top gainers on the bourses.

However, top losers on the bourses are Hindalco, Reliance Comm, Tata Steel and Sterlite Ind.

Mkts off day's high; Bank, IT, power, auto surge

Markets are trading in green but off day's high. The BSE banking index has outperformed the other sectoral indices; it was up over 2% at 9029.

At 10.42 am, the Sensex is up 195.45 points or 1.13% at 17482.76, and the Nifty up 47.80 points or 0.93% at 5213.70.

About 1816 shares have advanced, 1044 shares declined, and 222 shares are unchanged.

Top gainers on the Sensex are Reliance Infra, Wipro and Jaiprakash Asso.

Top losers on the Sensex are Hindalco, Reliance Comm and HDFC.

The BSE IT, power, auto and realty indices are up over 1%.

The most active shares on BSE Reliance Infra, Titagarh Wagons and Rel Capital.

Market opens higher; Nifty above 5200

The markets have opened with smart gains mirrior global peers. Nifty breached 5200 mark. The BSE bankex, realty, power, IT stocks witnessing buying interest.

At 9.56 am, the Sensex is up 302 points at 17590, and the Nifty is up 85 points at 5259.

ICICI Bank, Satyam, DLF, Unitech, Tata Motors are among major gainers.

Fertiliser stocks like Chambal Fertilisers and Nagarjuna Fertilisers are trading with over 3% gain.

Asian Markets:

Asian markets were trading higher. Japan's Nikkei was up 1.80% or 247.54 points at 14,014.40. Hong Kong's Hang Seng surged 2.15% or 554.65 points at 26,310. Taiwan's Taiwan Weighted advanced .072% or 64.42 points at 8,984.34. Singapore's Straits Times rose 2.43% or 76.34 points at 3,224.13.South Korea's Seoul Composite gained 1.11% or 20.33 points at 1,845.80.

US Markets:

Fed's 25 basis point cut doesn't keep Wall Street jittery for too long. Stocks on yesterday rise to the highest level since January after a rally in dollar and strong technology earnings. The Dow gained 189.87 points, or 1.48%, to 13,010. The Standard & Poor's 500 index advanced 23.75 points, or 1.71%, to 1,409.34. The Nasdaq composite index surged 67.91 points, or 2.81%, to 2,480.71.

Market cues: