News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 18 years ago
Home  » Business » Sensex closes at 12,454, up 74 points

Sensex closes at 12,454, up 74 points

Last updated on: September 29, 2006 18:04 IST
Get Rediff News in your Inbox:

The markets ended higher as metal, auto, cement, FMCG stocks led bullish surge in Friday's trade. This is the fourth highest closing for the Sensex ever. However, the Nifty failed to close above the psychological barrier of 3600.

The Sensex finished at 12,454.42, up 73.68 points or 0.60%. It touched an intraday high of 12,485.17 and an intraday low of 12,381.29.

The Nifty closed up 16.65 points or 0.47% at 3588.40. It touched an intraday high of 3599.80 and an intraday low of 3564.70.

The BSE Midcap and Small Cap was up 1.41% and 1.16% at 5,148.38 and 6,161.73, respectively.

The market breadth was positive, about 1576 shares advanced, 878 shares declined, and 63 shares remained unchanged.

The NSE and BSE cash turnover were Rs 7,098.82 crore (Rs 70.98 billion) and Rs 3,674.67 crore (Rs 36.74 billion), respectively. The total turnover was Rs 29,583.74 crore (Rs 295.83 billion). The NSE F&O turnover was Rs 18,810.25 crore (Rs 188.10 billion).

Top gainers were Maruti Udyog (4.12%), Tata Steel (3.22%), Bajaj Auto (2.49%), Tata Motors (2.33%) and SAIL (3.45%).

However, Hero Honda (-1.84%), ICICI Bank (-1.32%), ONGC (-0.82%), Cipla (-0.66%), Nalco (-2.95%), GAIL (-2.43%) and Oriental Bank (-2.25%) were biggest losers.

The BSE Metal Index outperformed other indices. It rose 163.19 points or 1.96% to close at 8,508.79 as metal stocks like JindalStainless, SAIL, Tata Steel, Jindal Steel and Jindal Saw ended in the green.

Cement stocks like ACC, Grasim, Gujarat Ambuja Cements, JK Cement, UltraTech Cement, Shree Digvijay Cement and Andhra Cements were gainers.

Consumer durables stocks were in the limelight on Friday, which includes Mirc Electronic, Titan Industries, Blue Star and Samtel Color. The BSE Consumer Durables Index was up 1.86% at 3,102.34.

Auto stocks, including Cummins, Sundaram-Clayton, Maruti Udyog, Escorts and Asahi India also firmed up. The BSE Auto Index gained 1.80% to end at 5,365.72.

The BSE FMCG Index rose 1.44% to finish at 2,065.74. The buying interest was seen in Shaw Wallace, Nirma, ITC, Britannia and Nestle.

Capital goods stocks, including Gammon India, Greaves Cotton, Dredging Corp, Alstom Projects and Bharat Elec witnessed hefty gains. The BSE Capital Goods Index moved up 0.83% at 8,203.14.

The BSE Healthcare Index closed at 3,684.44, up 0.72%. Divis Labs, Sterling Bio, FDC, Apollo Hospital and Novartis India spurted up.

Markets on Friday

  • Fourth highest closing for Sensex ever
  • Sensex up 0.60% or 73.68 points at 12,454.42
  • Nifty up 0.47% or 16.65 points at 3588.40
  • BSE Metal Index up 1.96%; SAIL up 3.5%, Tata Steel up 3.22%
  • BSE Auto Index up 1.8%; Maruti up 4.12%, Bajaj Auto, Tata Motors up over 2% each
  • BSE FMCG Index up 1.44%; ITC up 1.87%, Bata up 7.6%
  • CNX Midcap Index outperforms major indices; up 1.45%; led by mid cap bank stocks
  • IndusInd Bank up 5.86%; J&K Bank up 4.75%, Karanataka Bank up 6%
  • BSE Small-Cap Index up 1.16%; led by small cap metal stocks
  • Vikash Metal up 20%, Visa Steel up 17.19%, Adhunik Metaliks up 17%
  • NSE Advance Decline at 5:2
  • Total market turnover at Rs 29583.74 crore on first day of new series
  • Technology stocks like Moser Baer, Hexaware Tech, Wipro and Satyam flared up; the BSE IT Index ended flat at 4,393.56 with upward bias.
  • However, the BSE Bankex, which was the biggest gainer yesterday with 3.7%, closed down 0.91% at 6,038.87. Banking stocks, including Canara Bank, UTI Bank, Kotak Mahindra, Oriental Bank and Union Bank tumbled.
  • The BSE Oil & Gas Index also finished in red at 5,803.31, down 5.28 points as GAIL, Reliance Natural, HPCL, BPCL and ONGC lost ground.

Markets this week

  • Sensex up 1.7% at 12454.42; 4th highest closing for Sensex in this week
  • Nifty up 1.2% at 3588.40
  • BSE Bank Index up 6.3%; ICICI Bank Up 6.8%, HDFC Bank up 5.6%, SBI up 5.4%
  • BSE Metal Index up 3.6%; Tata Steel up 7.8%, SAIL up 5.2%
  • BSE Auto Index up 3%; Maruti up 4.7%, M&M up 3.6%, Tata Motors up 3.1%
  • Index Gainers: HDFC up 8.8% Tata Power up 7.9%, Ranbaxy up 6%
  • CNX Midcap Index up 4%; led by mid cap banking stocks
  • Syndicate Bank up 16.9%, J&K Bank up 14%, IDBI up 13.4%
  • Other Market Gainers: Sterling Bio up 56%, Alstom Proj up 18.9%, Max India up 12.9%
  • BSE Small Cap Index up 2.5%; led by small cap metal stocks
  • Visa Steel up 37%, Raipur Alloy up 21.6%, and Adhunik Metaliks up 15.6%
  • Other Small Cap gainers: Provogue up 27.5%, Unity Infra up 23.5%

Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group

Chat with market expert Pranav Sanghavi every week!

For more information about trading and markets log on to www.moneycontrol.com

Get Rediff News in your Inbox:
 

Moneywiz Live!