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Rediff.com  » Business » Sensex zooms 447 points at close

Sensex zooms 447 points at close

Last updated on: June 30, 2006 18:40 IST

The markets witnessed a relief rally in today's trading session boosted by extremely positive global cues.

The Sensex closed up 447 points and the Nifty was up 130 points.

Markets across the globe were parting with Federal Reserve appearing to soften its stance on future interest rate hikes.

The major gainers on the indices were Reliance Comm, HLL, Maruti Udyog, Hindalco and Zee

The Sensex closed at 10,609.25 up 447.09 points and the Nifty closed at 3128 up 130 points.

The BSE Small Cap Index closed at 5,357.04, up 146.24 points.

The BSE Midcap Index ended at 4,381.11, up 145.55 points.

Markets today:
Markets end sharply higher supported by broad-based buying
Positive global cues, less hawkish Fed stance boost sentiment
Sensex, Nifty close almost at highest point of the day
Sensex ends at 10609, Nifty at 3128 points, both up over 4%
Index heavyweights ONGC, RIL & HLL, & ITC lead the rally
All BSE sector indices end in positive territory
BSE Metals index up 6%, SAIL up 8.5%, Hindalco up 8%
BSE Capital Goods index up 5%; L&T up 5.6%, Siemens up 4%
Auto stocks gain on hopes of price hike announcements
BSE Auto index up 4.3%; Maruti up 8.7%, Tata Motors up 4%
Second rung stocks relatively underperform broad market
NSE CNX Midcap index up 3.7%; BSE Small Cap index up 2.8%
Market breadth positive; NSE Advance:Decline ratio at 11:2
Total market turnover at Rs 30,798.23 cr vs 42,462.31 cr yesterday
The BSE Metal Index advanced by 6% at 8,454.69. Jindal Saw, Hind Zinc, SAIL, Hindalco and Jindal Steel witnessed heavy buying interest.

The BSE Capital Goods Index was up 5.14% at 7,028.30. BEML, Gammon India, Alstom Projects, Greaves Cotton, Ingersoll Rand and BHEL closed higher.

The BSE Consumer Durables Index gained 4.57% at 2,737.44. Titan Industries, Blue Star, Whirlpool, Su-Raj Diamonds and BPL moved up.

The BSE Auto Index added 4.35% at 4,753.58. Ashok Leyland, Maruti Udyog, Bharat Forge, Escorts, Sundram and Bajaj Auto closed in positive terrain.

The BSE FMCG Index was up 4.34% at 1,949.85. HLL, Nestle, Tata Tea, Nirma and ITC closed in green.

The BSE Oil and Gas Index rose 4.3% at 5,293.36. ONGC, Reliance, GAIL, Kochi Refineries and MRPL advanced higher.

The BSE IT Index was up by 3.18% at 3,743.32. Moser Baer, Satyam, TCS, Wipro and Hexaware Tech moved up.

The BSE Bankex was up 2.87% at 4,348.79. Union Bank, HDFC Bank, Bank of India, Kotak Mahindra and UTI Bank surged.

The BSE Health Care Index was up by 2.12% at 3,132.42. Aurobindo Pharma, Glenmark, Cadila Healthcare, Wockhardt and Matrix Labs were among the major gainers.

The NSE cash turnover was at Rs 7058.64 crore and the NSE F&O turnover was at Rs 20437.56 crore. The BSE cash turnover was Rs 3302.03 crore. Total market wide turnover was at Rs 30798.23 crore.

Markets this week:
Sensex up 2%, Nifty up 2.8% (from last Friday)
CNX Midcap Index down 0.7%, BSE Small-cap Index down 3.2%
Gainers: Suzlon up 11.6%, Wipro up 9.3%, ABB up 8%
Gainers: VSNL, Tata Power up 7.3% each, ITC, M&M Up 7% each
Losers: Jet down 14.8%, HPCL down 8%, Ranbaxy down 7.6%, MTNL down 5.6%
Midcap Gainers: Essar Oil up 12.4%, Glenmark Pharma up 10.8%
Midcap Gainers: Adlabs up 8%, GHCL up 7%
Midcap Losers: Rallis India down 13%, LML down 11%, Allahabad Bank down 11%

F&O Update
Turnover at Rs 20437.56 cr
Nifty Futures at 6 pts discount
Top Traded:India Cement,Sterlite Ind,Ashok Leyland,Hindalco,RIL,IPCL,Essar Oil
Nifty Futures adds 35 lakh shares in OI
Allahabad Bank adds 9 lakh shares in OI
Essar Oil adds 10 lakh shares in OI
HLL adds 13 lakh shares in OI
India Cement adds 15 lakh shares in OI
Tata Steel adds 10 lakh shares in OI
Tata Motors,Century Textile,Reliance Capital adds 5 lakh shares in OI.

Sensex @ 1445 hrs

The markets are holding out the gains and have sustained their position at higher level.

At 2:45 pm, the BSE Sensex was trading at 10,545 up 382 points and the Nifty was trading at 3,108 up 111 points.

About 1575 shares have advanced, 671 shares declined, and 85 shares are unchanged. The major gainers on the indices were Reliance Comm, HLL, SAIL and Hindalco.

However, the losers were Jet Airways, BPCL and Ranbaxy.

All the BSE sectoral indices were trading in green.

Sensex @ 1158 hrs

The markets are witnessing sustained buying interest. At 11.58 am, the Sensex was up 392 points at 10554, and the Nifty was up 114 points at 3112.

About 1560 shares have advanced, 462 shares declined, and 59 shares are unchanged.

All the BSE sectoral indices were trading in green.

The BSE metal index was up 4.97% or 396.69 points at 8373.02.

The BSE auto and capital good index was up above 4% each.

The FMCG, oil & gas and bank index were up 3.57%, 3.30% and 3.26% respectively.

There were no losers on the Sensex and only 2 out of 50 Nity stocks were trading in red.
Reliance Comm, BHEL, Tata Motors, Maruti Udyog, SAIL and HLL were top gainers on the indices.

Stocks like Bidasar Leasing, Brakes Auto, Consolidated Securities, Guj Setco Clutc and MarathonNextgen have hit 52-week high.

Only buyers are there in stocks like Bayer Diagnosti, Indian Toners Chemicals, Sky Industries Textiles and Indus Networks.

Reliance Communications was quoting at Rs 238.55, up Rs 15.70, or 7.05%.

BHEL was quoting at Rs 1,958.00, up Rs 118.10, or 6.42%.

Tata Motors was quoting at Rs 811.20, up Rs 49.75, or 6.53%.

Maruti Udyog was quoting at Rs 781, up Rs 47.20, or 6.43%.

SAIL was quoting at Rs 80.45, up Rs 5.55, or 7.41%.

Index heavyweight Hindustan Lever was trading at Rs 223 up 5.79% from its previous close of Rs 210.80.

HLL at Rs 223 (Volumes) (54,90,443 shares), Reliance at Rs 1,046.25 (8,76,526 shares),

Tata Steel at Rs 532.00 (10,96,901 shares) are most active shares on the BSE.

Sensex @ 1050 hrs

The markets continue the uptrend mirroring the global trend. At 10:50, the BSE Sensex was up 10559 up 397 points and the Nifty was trading at 3111 up 113 points.

About 1340 shares have advanced, 222 shares declined, and 22 shares are unchanged.

The major gainers on the indices were Tata Motors, SAIL, Maruti Udyog, Tata Steel, Bajaj Auto, Bharti Airtel and Hindalco.

Hindustan Lever was trading at Rs 221.35 up 5%, Reliance was trading at Rs 1,050.90 up 4.13%, Infosys was trading at Rs 3,084.00 up 3.04% and ITC was trading at Rs 182.75 up 3.31%.

FII-MF

FIIs net sell USD 8.60 million in equity on June 28

MFs net sell Rs 38.75 crore (Rs 387.5 million) in equity on June 28

NSE F&O July series begins with Open Interest of Rs 16,026.5 crore (Rs 160.26 billion)

Sensex @ 9:58 am

The markets opened sharply higher today joining the rally in markets across the world. At 9:58, the BSE Sensex was trading at 10511 up 349 points and the Nifty was up 98 points at 3096.

The positive sentiment came in after the Federal Reserve appeared to soften its stance on future interest rate hikes.

The Dow Jones industrial average rose more than 215 points, its biggest one-day point gains in more than three years.

Asian markets are witnessing buying interest. Japan's Nikkei surged 2.04%, TOPIX Index was up 1.74%, Hang Seng was up 1.74%, Straits Times was up 1.70%.

On the corporate front:

Results today

Allcargo, Essar Oil, JP Hydro, Goetze, KRBL, McLeod Russel, Monnet Ispat, Unitech, Vaibhav Gems, Sah Petroleum and SAL Steel

Citi may sell Polaris stake, sends feelers to private equity players - TOI

United Western bank likely to merge with a PSU bank- TOI

Colgate hikes toothpaste prices by 4%, rivals to follow soon

Pfizer-Merck

Pfizer may do to Zoloft what Merck did to Zocor

Heavy discounting on Zoloft may help Pfizer's generic arm

Cipla supplies Zoloft bulk to Teva

Could lead to lesser supplies to Teva from Cipla

Zoloft is $3.5 billion drug

Ex-dividend

HDFC (Rs 20), 3i Infotech (Rs 2)

Unitech moves out of 'No Delivery' period

SB&T Intl board meet on July 20 to consider buyback

Zicom Electronic approves FII limit hike to 74%

SC stays Rs 527 crore (Rs 5.27 billion) sales tax demand on Nirma

UB plans euro 500 million European buyout, shortlists 3 wine companies - BS

Nambiars to convert advance paid to BPL into equity, promoters stake to go up to 43.15% from the existing 8.24%- ET

Steel companies likely to hike prices by Rs 1000 per tonne

Shree Precoated Q4

Net loss at Rs 21.1 crore versus profit of Rs 6.4 crore

Net sales at Rs 277.7 crore versus Rs 198.6 crore

Optg loss at Rs 8 crore versus optg profit of Rs 12.2 crore

Gammon Q4

Net profit at Rs 28.8 crore versus Rs 14.3 crore

Net sales at Rs 406.9 crore versus Rs 280.6 crore

NIIT Q4 (YoY)

Net profit at Rs 10.3 crore versus Rs 3.23 crore

Net sales at Rs 90.1 crore versus Rs 78.7 crore

OPM at 20.5% versus 15.5%

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