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Following the United Progressive Alliance government's win in the Parliament on Tuesday, the Sensex opened with a huge positive gap of 482 points at 14,586.
The NSE Nifty was up 237 points at 4477.
Unabated buying in financial and capital goods stocks saw the index rally to higher levels as the day progressed.
The Sensex touched a high of 14,980, and finally settled with a gain of 838 points at 14,942. In the process the index has gained a whopping 18.8% (2,366 points) in the last five trading days.
| TOP 10 BIGGEST SINGLE-DAY GAINS | ||||
| Date |
Close |
Prv Cls |
Net Chg |
% Chg |
| 25-Jan-08 | 18361.66 | 17221.74 | 1139.92 | 6.6 |
| 25-Mar-08 | 16217.49 | 15289.40 | 928.09 | 6.1 |
| 14-Nov-07 | 19929.06 | 19035.48 | 893.58 | 4.7 |
| 23-Oct-07 | 18492.84 | 17613.99 | 878.85 | 5.0 |
| 23-Jan-08 | 17594.10 | 16729.94 | 864.13 | 5.2 |
| 23-Jul-08 | 14942.28 | 14104.20 | 838.08 | 5.9 |
| 14-Feb-08 | 17766.63 | 16949.14 | 817.49 | 4.8 |
| 9-Oct-07 |
18280.24 |
17491.39 | 788.85 | 4.5 |
| 29-Oct-07 | 19977.67 | 19243.17 | 734.50 | 3.8 |
| 24-Dec-07 | 19854.12 | 19162.57 | 691.55 | 3.6 |
The BSE Bankex soared 10% to 7,292.
The market breadth was extremely positive - out of 2,758 stocks traded, 2,257 advanced and 442
The NSE Nifty gained 237 points at 4,477.
INDEX MOVERS... Reliance Communications zoomed over 12% to Rs 525. ICICI Bank soared 11.6% to Rs 738.
BHEL and HDFC surged 11% each to Rs 1,772 and Rs 2,380, respectively.
SBI ad Reliance Infrastructure rallied 10.5% each to Rs 1,544 and Rs 1,015, respectively. HDFC Bank gained 9.5% at Rs 1,206.
DLF soared over 9% to Rs 496. Jaiprakash Associates moved up 8.4% to Rs 173.
Larsen & Toubro advanced 7.5% to Rs 2,767, and Tata Steel added 6.8% to Rs 667.
Tata Motors rallied over 6% to Rs 438. Reliance advanced over 5% to Rs 2,266.
Bharti Airtel and ACC were up 4.7% each at Rs 816 and Rs 591, respectively.
...AND THE SHAKERS Cipla slipped 2.2% to Rs 233. Hindustan Unilever was the only other loser at Rs 231.
MOST ACTIVE COUNTERS Reliance Natural Resources topped the value chart with a turnover of Rs 480.60 crore followed by Reliance Capital (Rs 476 crore), Reliance Petroleum (Rs 286.40 crore), Reliance (Rs 278.70 crore) and Reliance Communications (Rs 259.50 crore).
Reliance Natural Resources led the volume chart with trades of around 5.55 crore shares followed by IFCI (2.13 crore), Reliance Petroleum (1.70 crore), Ispat Industries (1.43 crore) and Reliance Power (1.40 crore).
