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Biggest-ever rally: Sensex zooms 894 points
November 14, 2007

The Sensex opened with a positive gap of 302 points at 19,337 on the back of smart gains in the global markets. Unabated buying in the market saw the index rally to higher levels as the day progressed.

The Sensex touched a high of 19,988, and finally settled with a huge gain of 894 points (4.7%) at 19,929 -- the biggest-ever single-day gain in absoule terms for the index. Adding the 300-point gain on Tuesday, the index has nearly regained the 1,200 points it had lost in six sessions till Monday. The NSE Nifty ended at 5,938, up 243 points.  

BIGGEST SINGLE-DAY GAINS�
Date

Close

Prv Cls

Net Chg

% Chg

14-Nov-0719929.0619035.48893.584.69
23-Oct-0718492.8417613.99878.854.99
09-Oct-0718280.2417491.39788.854.51

29-Oct-07

19977.6719243.17734.503.82
19-Sep-07

16322.75

15669.12653.634.17
15-Oct-07

19058.67

18419.04639.633.47
15-Jun-06

9545.06

8929.44615.626.89

The BSE Bankex and the Oil & Gas indices soared 6.5% each to 11,226 and 12,139, respectively. The IT index zoomed 4.5% to 4280, and the Metal index gained 4% at 17,756.

The market breadth was fairly positive - out of 2,849 stocks traded, 2,025 advanced, 763 declined and 61 were unchanged on Wednesday.

BIG MOVERS...

All index stocks ended with gains on Wednesday.

HDFC Bank [Get Quote] zoomed nearly 11% to 1,749. ICICI Bank [Get Quote] soared nearly 9% to Rs 1,278.

Reliance, Hindalco [Get Quote] and Wipro [Get Quote] surged around 7% each to Rs 2,888, Rs 218 and Rs 471, respectively.

HDFC rallied 6.5% to Rs 2,756. Satyam [Get Quote] and Infosys [Get Quote] gained 5% each at Rs 431 and Rs 1,706, respectively.

ONGC [Get Quote] moved up over 4% to Rs 1,235.

Reliance Energy [Get Quote], TCS [Get Quote], BHEL and Maruti [Get Quote] added 3.5% each to Rs 1,920, Rs 983, Rs 2,874 and Rs 1,039, respectively.

Bharti Airtel [Get Quote], Grasim [Get Quote] and Tata Steel [Get Quote] advanced over 3% each to Rs 860, Rs 3,668 and Rs 858, respectively.

VALUE & VOLUME TOPPERS

Reliance Petroleum [Get Quote] topped the value chart with a turnover of Rs 678.80 crore followed by Reliance (Rs 541.70 crore), Reliance Natural Resources [Get Quote] (Rs 344.25 crore), Reliance Energy (Rs 239 crore) and Essar Oil [Get Quote] (Rs 205.50 crore).



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