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Rediff.com  » Business » Bank, realty stocks lead Sensex rally

Bank, realty stocks lead Sensex rally

By BS Reporter in Mumbai
March 13, 2009 16:35 IST
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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 soared nearly 11% to Rs 162.

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

Hindalco and Sterlite rallied 8% each to Rs 43 and Rs 283, respectively.

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

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

Jaiprakash Associates, Reliance Communications, Grasim and Wipro 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, Aban Offshore, GMR Infrastructure and Everest rallied 10-13% each. Jet Airways, Sun TV, JSW Steel, India Infoline, Reliance Capital, Akruti City, Tata Communications, Axis Bank,  Tata Tele and Uniteh Phosphorous were the other major gainers.

...AND LOSERS

HPCL plunged nearly 4% to Rs 245, and Godrej Consumer shed 3.5% at Rs 120. BPCL, Tech Mahindra, ABB, GlaxoSmithKline Consumer, Spice Telecom, Container Corporation, Hero Honda and Gail India 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 (Rs 122.28 crore).

Satyam 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 (67.45 lakh).

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BS Reporter in Mumbai
Source: source
 

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