Sensex ends huge gain: realty, oil, metal stocks surge

Wednesday, January 23, 2008

Sensex ends huge gain: realty, oil, metal stocks surge

Source: moneycontrol.com

It was a good day for the investors after seven consecutive and relentless fall wherein the markets opened with huge gap up and proceeded to trade strong and stable for most part of the day. Sensex also recorded biggest single day gain of over 1200 points during later half of the day and finally shut shop with substantial gains.

Market breadth was impressive for most part of the day on both BSE and NSE, however the volume was relatively poor. Realty, power, metal, oil & gas and banking stocks were the most active counters during the todays trade and the midcaps were also in focus. Most of these indices were up nearly 10 for most part of the day.

Sensex shut shop today with a gain of 864.13 points or 5.17% at 17594.07, and the Nifty ended up 304.10 points or 6.21% at 5203.40. On BSE, about 1376 shares advanced, 1568 shares declined, and 39 shares remained unchanged. BSE midcap index also surged today and ended up 8.15% at 7789.31 and Smallcap closed with a gain of 3.96% at 10,425.34.

BSE auto space ended up 4.46% at 4675.33. Ashok Leyland, MRF, Apollo Tyres and Punjab Tractors were up. Top Sensex gainers were Satyam, BHEL, SBI, SBI, Reliance Industries.

BSE Bankex was up 5.64% at 10731.24. Union bank, Allahabad bank, Andhra bank and IOB were the top gainers in the banking domain.

BSE capital good index closed up 4.67% at 17221.13. Triveni Engineering, Praj Industries, Kirloskar Oil and Jyoti Structure were the leading gainers.

BSE FMCG index ended up 5.01% at 2100.34. Bata India, Marico, UB Group and Unites Spirits were the most gainers.

BSE pharma index shut shop with a gain of 4.35% at 3627.42. Panacea Biotech, Dishman Pharma and Glenmark Pharma led from the front in the pharma space.

BSE IT index was up 5.45% at 3631.37. Satyam, TCS, Financial Tech and Patni Computers were the top gainers from the IT space.

BSE metal index was up 6.85% at 15081. Hind Zinc, Sesa Goa, Maharasthra Seamless and Jindal Stainless were the top gainers.

BSE oil & gas index was up 8.73% at 10845.58. Essar Oil, RNRL, RPL and Petronet LNG were the top gainers.

BSE power index was up 9.81% at 3943.23. Torrent Power, Reliance Energy, Tata Power and NTPC were the top gainers.

BSE realty index was up 11.44% at 10609.67. Omaxe, Peninsual Land, Ansal Properties and mahindra Life led from the front.

Turnover Today: Turnover today was lower. Total turnover was at Rs 62430.55 cr. Turnover in the BSE cash segment was at Rs 7101.17 cr and NSE cash was at Rs 19255.52 cr and the NSE F&O segment it was at Rs 36073.86 cr.



So, is the market going to regain its lustre? I hope so...

BTW, according to this post, investors are stopping payments for the REPL IPO. Is it going to be black period for RPOWER too? Is the 73 times oversubscription going to fall? Grey market is already showing down fall... Hope, it won't start trading at negative premium :)


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