| Index Performance | | Index | Sensex | Nifty | | Open | 15,401.99 | 4,466.65 | | High | 15,427.16 | 4,490.55 | | Low | 15,323.05 | 4,452.40 | | Today's Cls | 15,422.05 | 4,474.75 | | Prev Cls | 15,318.60 | 4,464.00 | | Change | 103.45 | 10.75 | | % Change | 0.68 | 0.24 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Adani Enterprises | 381.60 | 11.56 | | Hinduja TMT | 439.40 | 11.23 | | Neyveli Lignite | 83.60 | 9.28 | | Century Enka | 128.75 | 8.79 | | CMC | 1,130.30 | 8.48 | | Losers | | Exide Industries | 61.35 | -2.62 | | GSK Pharma | 1,145.80 | -2.03 | | Apollo Tyre | 39.80 | -1.97 | | Jindal Stainless | 161.30 | -1.95 | | EIH | 112.20 | -1.84 | | | Market Statistics | | - | BSE | NSE | | Advances | 1,973 | 850 | | Declines | 746 | 299 | | Unchanged | 56 | 11 | | Volume(Nos) | 43.45cr | 61.83cr | | | | | | Market Commentary | | | Rally continues, Sensex gains 103 points | | The Sensex extended its rally for the second consecutive week with a gain of 103 points amid upsurge in consumer durable, banking and PSU stocks. | | The market exhibited strong optimism for the seventh consecutive session as worries on US subprime mortgage crisis eased and the country's economy grew | | | | unexpectedly during the last quarter. Despite mixed global cues the buoyancy in consumer durable, banking and PSU stocks triggered a major rally across the board. The Sensex started on a positive note and rallied sharply on sustained buying in the Sensex pivotal stocks to touch the day's high of 15,427. While the market remained range bound with a positive bias in the afternoon, it saw hectic buying towards the close and the Sensex finally closed the session with a gain of 103 points at 15,422. The Nifty added 11 points to close at 4,475.
The breadth of the market was positive. Of the 2,775 stocks traded on the BSE 1,973 stocks advanced, 746 stocks advanced and 56 stocks remained unchanged. Among the sectoral indices the CD index led the upsurge with gains of 2.63% at 7,990 followed by the BSE PSU index (up 1.83% at 7,225), the BSE Bankex index (up 1.67% at 7,990) and the BSE HC index (up 1.64% at 3,631). | | | Movers & Shakers | - Ganesh Housing Corporation slipped despite planning to set up two more townships with an approximate area of 185 acres and 100 acres.
- Moser Baer closed in the red despite launching its high- speed BD-R 1-4x high definition recordable discs for the European market at IFA Berlin Trade Show.
- Steel Strips Wheels gained on achieving highest ever production of 4.60 lakh wheel rims during August 2007.
Parsvnath Developers surged on receiving the final notification from the Central Government for the IT / ITES SEZ at Gurgaon. - JSW Steel moved up on posting the highest ever crude steel production with a 32% growth in August 2007.
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Select heavyweights edged higher on decent buying support. NTPC rose 6.95% at Rs185, Dr Reddy's lab jumped 3.87% at Rs666, Cipla advanced 2.75% at Rs172, BHEL added 2.74% at Rs1,941,ICICI Bank gained 2.56% at Rs907 and ITC gained 1.93% at Rs174. However, select front-line stocks came under selling pressure. ONGC was the major loser and dropped 1.82% at Rs842. Other draggers Wipro declined 1.42% at Rs475, Bajaj Auto dropped 1.01% at Rs2,322 while Bharti Airtel, TCS, Reliance Energy, Reliance Industries and Grasim slipped marginally.
Over 2.79 crore IFCI shares changed hands on the BSE followed by Bellary Steel (2.16 crore shares), Nagarjuna Fertilisers ( 1.75 crore shares), Ispat Industries (1.50 crore shares) and Tata Teleservices (1.38 crore shares).
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