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Mkt ends with hefty gains: Metal, realty stocks surge
Published on Mon, Nov 26, 2007 at 09:30 , Updated at Tue, Nov 27, 2007 at 09:47
Source : moneycontrol.com
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Markets closed the day with handsome gains on heavy buying seen in scrips across sectors. It was a good of trade for most of the equity markets across globe. Asia had a strong session today, barring Shanghai Comp most of the Asia closed in green. Europe was also trading in positive terrain. Sensex closes above 19,000 and Nifty was holding 5700 mark. Broader markets were trading strong inline with the frontline indices giving markets an excellent breadth. Sensex was up 394.67 points or 2.09% at 19247.54, and the Nifty up 123.10 points or 2.19% at 5731.70. About 1932 shares have advanced, 1073 shares declined, and 72 shares are unchanged. Metals were shining throughout the day and were the star performers. Host of steel stocks were attracting good buying. Followed by realty, cap goods and power stocks. HDFC Bank, Tata Steel, SAIL, Bharti Airtel, Unitech, HDFC, TCS, ONGC, Rel Energy are among the top gainers. Deccan Aviation, Voltas IndusInd Bank were among the strong midcap stocks. Technolgy stocks have bounced back today and were among the top gainers.
The BSE Smallcap Index ended at 10,343.25 up 1.7%. The BSE Bankex was up 1.7%. HDFC Bank, IOB, Union Bank, Canara Bank, PNB moved upwards. The BSE Capital Goods Index was up 2% at 19,751.65. Kirloskar Bros, Crompton Greave, BEML, Praj Industries, Reliance Infra closed higher. The BSE Auto Index closed at 5,295.63 up 0.7%. Hind Motors, MICO, TVS Motor, Maruti Suzuki, Cummins closed higher. The BSE Metal Index closed was up 5.6%. Jindal Steel, NALCO, Jindal Saw, SAIL, JSW Steel, Tata Steel closed higher. The BSE FMCG Index closed at 2,145.84 up 1.6%.United Spirits, GlaxoSmith Con, HUL, Nestle, Colgate closed higher. BSE Oil and Gas Index closed up 2%. Petronet LNG, ONGC, HPCL, Reliance, IOC ended higher. The BSE IT Index was at 4,098.23 up 2%. I-Flex Solutio, Financial Tech, Mphasis, Patni Computer, TCS closed higher. BSE Realty Index up 3%; Ansal Propertie, Sobha Developer, Unitech, Anant Raj Ind, DLF ended higher. The NSE cash turnover was at Rs 14521.79 crore and the NSE F&O turnover was at Rs 75903.04 crore. The BSE cash turnover was Rs 6008.12 crore. Total market wide turnover was at Rs 96432.95 crore. Market trades firm: IT stocks bounce back The markets continue to trade at the higher levels on susatined buying in index pivotals. Asia had a strong session today, barring Shanghai Comp most of the Asia closed in green. Europe has also opened in positive terrain. Broader markets are trading strong inline with the frontline indices giving markets an excellent breadth. Both the midcap and smallcap indices are up over 1%. Capital goods, power, banking, realty and metals stocks are trading with significant gains. At 13.49 hrs IST, the Sensex is up 327.87 points or 1.74% at 19180.74, and the Nifty up 108.60 points or 1.94% at 5717.20. About 2008 shares have advanced, 987 shares declined, and 81 shares are unchanged. Technolgy stocks have bounced back today and are among the top gainers. HDFC Bank, HDFC, TCS, ONGC, Rel Energy are among the top gainers. HDFC Bank is up over 5% followed by HDFC and TCS up over 3%. SBI, Tata Steel, Tata Motors, Reliance Petro are among the few laggards on the indices. In the broader markets JM Financial is up nearly 5% on the news that the company will apply within a month to the RBI for setting up Asset Reconstruction Company. IVRCL Infra is also buzzing and is up over 3% on the news that it has got an order worth Rs 349 crore. IT stocks are attracting some attention on the back of marginal depreciation of rupee against dollar. IT index is up nearly 2% and major gainers in the sector were TCS, Patni Comp, Satyam and Wipro. BSE metal index was trading very strong with over 2% gain. major gainers in this counter were Jindal Steel, Nalco, Jindal Saw and Sterlite Inds. Realty index is up nearly 2%. In the realty space, the top gainers were Anant Raj Inds, Unitech, Ansal Properties and DLF. Mkt trades steady: HDFC Bk, ONGC, Rel Energy up The markets are trading in green with hefty gains but are marginally off the day's high. Strong cues from Asian have helped markets in this uptrend. Broader markets are trading strong inline with the frontline indices giving markets an excellent breadth. Both the midcap and smallcap indices are up nearly 2%. Capital goods, power, banking, realty and metals stocks are trading with significant gains. At 12.45 hrs IST, the Sensex is up 338.58 points or 1.80% at 19191.45, and the Nifty up 112.30 points or 2.00% at 5720.90. About 2129 shares have advanced, 870 shares declined, and 77 shares are unchanged. HDFC Bank, ONGC and Reliance Energy are the top gainers on the Sensex. HDFC Bank is up nearly 5% followed by ONGC and Reliance Energy up over 4% and 3% each respectively. Telecom stocks are trading strong in today's session with Bharti and Idea Cellular in green. In the broader markets JM Financial is up nearly 5% on the news that the company will apply within a month to the RBI for setting up Asset Reconstruction Company. IVRCL Infra is also buzzing and is up over 3% on the news that it has got an order worth Rs 349 crore. Top gainers on the Nifty are HDFC Bank at Rs 1,653 up 5.78%, Unitech at Rs 356.65 up 5.10% and HPCL at Rs 291.30 up 5.09%. Most active shares on NSE are Reliance Petro at Rs 215.90 with 16,316,023 shares, Reliance at Rs 2,877.25 with 746,854 shares and Jindal Steel at Rs 12,790 with 113,515 shares. BSE metal index was trading very strong with over 3% gain. major gainers in this counter were Jindal Steel, Nalco, Jindal Saw and Sterlite Inds. Realty index is up nearly 3%. In the realty space, the top gainers were Anant Raj Inds, Unitech, Ansal Properties and DLF. IT stocks are attracting some attention on the back of marginal depreciation of rupee against dollar. IT index is up nearly 2.5% and major gainers in the sector were TCS, Patni Comp, Satyam and Wipro. Mkts trading higher; metal, realty, power stocks up The markets are trading extremely strong with impressive breadth. Capital goods, power, banking, realty and metals stocks are trading with significant gains. At 11:00, the Sensex is up 444.23 points or 2.36% at 19297.10, and the Nifty up 137.85 points or 2.46% at 5746.45. About 2260 shares have advanced, 742 shares declined, and 74 shares are unchanged. Top gainers on the Nifty are HDFC Bank at Rs 1,653 up 5.78%, Unitech at Rs 356.65 up 5.10% and HPCL at Rs 291.30 up 5.09%. The only loser on the Nifty was Hero Honda at Rs 709 down 0.75%. Most active shares on NSE are Reliance Petro at Rs 215.90 with 16,316,023 shares, Reliance at Rs 2,877.25 with 746,854 shares and Jindal Steel at Rs 12,790 with 113,515 shares. BSE metal index was trading very strong with over 3.5% gain. major gainers in this counter were Jindal Steel, Nalco, Jindal Saw and Sterlite Inds. In the realty space, the top gainers were Anant Raj Inds, Unitech, Ansal Properties and DLF. IT stocks are attracting some attention on the back of marginal depreciation of rupee against dollar. Major gainers in the sector were TCS, Patni Comp, Satyam and Wipro. Mkts open with gap up on strong global cues The markets opened with huge gap up today on strong cues from the global markets. Heavy buying was seen in the banking, cap good, and power stocks in the early trade. Empee Distilleries got listed on the bourses today atRs 440 versus its issue price of Rs 400. At 9:56 am, Sensex was up 376 points at 19230 and Nifty was up 113 points at 5722. Major gainers in the early trade were Rel Energy, RIL, L&T, ICICI Bank, NTPC, Unitech, HDFC Bank, DLF, ONGC, PNB, L&T and SBI. Asian markets advanced today. Hong Kong's Hang Seng surged 3.25% or 863.33 points at 27,404.42, Japan's Nikkei gained 1.31% or 195.34 points at 15,084.11, Taiwan's Taiwan Weighted advanced 1.86% or 155.40 points at 8,497.60, Singapore's Straits Times rose 2.21% or 73.42 points at 3,399.31 and South Korea's Seoul Composite was up 3.06% or 54.20 points at 1,827.08. Market cues:
F&O cues:
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