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Sensex rallies 283 points; Tata Steel, ONGC surge
BS Reporter in Mumbai
 
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February 09, 2009 17:06 IST

After opening 58 points higher at 9,359, the Sensex touched a low of 9,329 in opening trades. The index, thereafter, displayed firm movement throughout the day. Metal and capital goods stocks led today's upmove.

The Sensex rallied to a high of 9,602, and finally ended with a gain of 283 points at 9,584. The NSE Nifty ended at 2920, up 77 points.

The BSE Metal index surged 4.5% to 5,334, and the Capital Goods index gained 4% at 6,308.

The market breadth was fairly positive - out of 2,552 stocks traded, 1,549 advanced, 921 declined and the rest were unchanged on Monday.

INDEX MOVERS. . .

Jaiprakash Associates [Get Quote] zoomed 8.5% to Rs 75. Tata Steel [Get Quote] and Reliance Infrastructure soared around 7% each to Rs 200 and Rs 578, respectively.

Sterlite and ONGC [Get Quote] surged around 6% each to Rs 281 and Rs 722, respectively.

Larsen & Toubro and HDFC [Get Quote] rallied around 5.5% each to Rs 674 and Rs 1,491, respectively. ICICI Bank [Get Quote] gained over 5% at Rs 428.

Hindalco [Get Quote] moved up 4% to Rs 46. Tata Power [Get Quote] and Reliance advanced around 3.5% each to Rs 780 and Rs 1,389, respectively.

Sun Pharma [Get Quote], Bharti Airtel [Get Quote] and Tata Motors [Get Quote] were up nearly 3% each at Rs 1,090, Rs 666 and Rs 141, respectively.

TCS [Get Quote], SBI [Get Quote], Maruti [Get Quote] and Reliance Communications [Get Quote] were up around 2.5% each.

VALUE & VOLUME TOPPERS

United Spirits [Get Quote] topped the value chart with a turnover of Rs 235 crore followed by Reliance (Rs 233.50 crore), Educomp Solutions [Get Quote] (Rs 135.70 crore), Reliance Infrastructure (Rs 120.60 crore) and Reliance Capital [Get Quote] (Rs 88.40 crore).

Cals Refineries led the volume chart with trades of around 2.54 crore shares followed by Wire & Wireless (1.44 crore), GVK Power (1.27 crore), Satyam [Get Quote] (1.07 crore) and Unitech (86.50 lakh).

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