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Sensex pares gains on profit-taking, ends up 113 points
BS Reporter in Mumbai
 
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March 18, 2009 16:33 IST

Realty and metal stocks shine today; Mid-caps - Tulip Telecom zooms 31%, Akuti City skyrockets 28%.

The Sensex opened 92 points higher at 8,956 backed by positive global cues. Aggressive buying in realty and metal stocks led the index rally to a high of 9,120 - up 256 points from the previous close.

However profit-taking at higher levels, mainly banking and oil & gas coupled with weakness in FMCG stocks saw the index pare gains in the last session.

The Sensex touched the day's low of 8,951, and finally ended with a gain of 113 points at 8,977.

The NSE Nifty ended at 2,795, up 37 points.

The BSE Realty index soared 7.7% (113 points) to 1,584. The Metal index surged 3.5% (173 points) to 5,147, and the Capital Goods index gained over 3% (188 points) at 6,084.

The market breadth was fairly positive - out of 2,589 stocks traded, 1,551 advanced and 930 declined on Wednesday.

INDEX MOVERS...

DLF zoomed nearly 8% to Rs 171, and Jaiprakash Associates [Get Quote] soared 6.5% to Rs 79.

Tata Steel [Get Quote] and BHEL rallied around 4.5% each to Rs 176 and Rs 1,459, respectively.

Reliance Infrastructure and ICICI Bank [Get Quote] surged 3.5% each to Rs 480 and Rs 335, respectively.

Sterlite, Hindalco [Get Quote] and Larsen & Toubro advanced over 3% each to Rs 302, Rs 45 and Rs 636, respectively.

Tata Motors [Get Quote] and Reliance gained 2.5% each at Rs 176 and Rs 1,331, respectively.

HDFC Bank [Get Quote] and TCS [Get Quote] were up around 2% each at Rs 843 and Rs 507, respectively.

...AND THE SHAKERS

Mahindra & Mahindra slumped 4% to Rs 362. Tata Power [Get Quote] shed 2.5% at Rs 661.

ITC slipped over 2% to Rs 169, and ACC was down 1.5% at Rs 548.

OTHER PROMINENT GAINERS...

Tulip Telecom zoomed nearly 31% to Rs 390, and Akruti City soared 27.5% to Rs 2,012. Jet Airways [Get Quote], Welspun Guj, Aditya Birla Nuvo [Get Quote], Gujarat Petronet, Federal Bank [Get Quote], Nagarjuna Construction, Petronet LNG [Get Quote] and BEML rallied 8-15% each.

...AND THE LOSERS

GlaxoSmithKline [Get Quote] Pharma slumped 6% to Rs 1,086. IOC, Ambuja Cements, HPCL [Get Quote], BPCL [Get Quote], Areva, Jain Irrigation, Rolta and India Cements [Get Quote] shed 3-5% each.

MOST ACTIVE COUNTERS

Akruti topped the value chart with a turnover of Rs 786.55 crore followed by Reliance (Rs 217.06 crore), ICICI Bank (Rs 146.17 crore), Educomp Solutions [Get Quote] (Rs 143.71 crore) and Everonn Systems (Rs 135.96 crore).

Vijaya Bank [Get Quote] led the volume chart with trades of around 2.69 crore shares followed by Cals Refineries (2.01 crore), Suzlon Energy [Get Quote] (1.58 crore), Satyam [Get Quote] (1.40 crore) and Reliance Natural Resources [Get Quote] (1 crore).


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