Advertisement
Help
You are here: Rediff Home » India » Business » Business Headline » Report
Search:  Rediff.com The Web
  Advertisement


Bank, realty stocks lead Sensex rally
BS Reporter in Mumbai
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
   
  Advertisement
March 13, 2009 16:35 IST

Mirroring positive cues from the global markets the Sensex opened with a positive gap of 137 points at 8,481. The index thereafter gained from strength-to-strength as the day progressed backed by aggressive buying in realty, metal and banking stocks.

The Sensex surged to a high of 8,793, and finally ended with a gain of 413 points at 8,757. The NSE Nifty ended at 2,719, up 102 points.

The BSE Realty index surged 7.6% to 1,409, and the Metal index soared over 6% to 4,853. The Bankex rallied nearly 6% to 3,974, and the IT index gained 5.6% at 2,190.

The market breadth was fairly positive - out of 2,551 stocks traded, 1,583 advanced, 855 declined and 113 were unchanged on Friday.

INDEX MOVERS...

DLF zoomed 11.5% to Rs 153. Tata Motors [Get Quote] soared nearly 11% to Rs 162.

Tata Power [Get Quote] and ICICI Bank [Get Quote] surged around 9% each to Rs 663 and Rs 309, respectively.

Hindalco [Get Quote] and Sterlite rallied 8% each to Rs 43 and Rs 283, respectively.

HDFC [Get Quote] moved up 4.5% to Rs 1,380. Tata Steel [Get Quote] and Larsen & Toubro advanced nearly 7% each to Rs 167 and Rs 615, respectively.

Reliance and TCS [Get Quote] gained over 6.5% each at Rs 1,282 and Rs 507, respectively.

Jaiprakash Associates [Get Quote], Reliance Communications [Get Quote], Grasim [Get Quote] and Wipro [Get Quote] were up around 6% each at Rs 71, Rs 147, Rs 1,493 and Rs 225, respectively.

...AND THE SHAKER

NTPC dropped 2% to Rs 170.

OTHER PROMINENT GAINERS...

Sintex zoomed 21% to Rs 87. Educomp Solutions [Get Quote], Aban Offshore [Get Quote], GMR Infrastructure [Get Quote] and Everest rallied 10-13% each. Jet Airways [Get Quote], Sun TV [Get Quote], JSW Steel [Get Quote], India Infoline [Get Quote], Reliance Capital [Get Quote], Akruti City, Tata Communications, Axis Bank,  Tata Tele and Uniteh Phosphorous were the other major gainers.

...AND LOSERS

HPCL [Get Quote] plunged nearly 4% to Rs 245, and Godrej [Get Quote] Consumer shed 3.5% at Rs 120. BPCL [Get Quote], Tech Mahindra [Get Quote], ABB, GlaxoSmithKline [Get Quote] Consumer, Spice Telecom, Container Corporation, Hero Honda and Gail India [Get Quote] declined 1-3% each.

VALUE & VOLUME TOPPERS

ICICI Bank topped the value chart with a turnover of Rs 253.54 crore followed by Akruti City (Rs 192.75 crore), Reliance (Rs 180.70 crore), Educomp Solutions (Rs 168.85 crore) and Bharti Airtel [Get Quote] (Rs 122.28 crore).

Satyam [Get Quote] led the volume chart with trades of around 2.38 crore shares followed by Cals Refineries (87 lakh), ICICI Bank (82.90 lakh), Unitech (73.85 lakh) and Suzlon [Get Quote] (67.45 lakh).


   Discuss   |      Share with friends   |      Print   |   Ask a question  Ask a question   |  Get latest news on your desktop  Get latest news on your desktop

© 2009 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback