|
 | Help |
| You are here: Rediff Home » India » Business » Report |
|
| ||||||||||||||||||||||||||||||||||||||||||||
 Advertisement | ||||||||||||||||||||||||||||||||||||||||||||
|
| ||||||||||||||||||||||||||||||||||||||||||||
The Sensex opened with a negative gap of 94 points at 20,197 following the sharp drop in the overseas markets after the US Fed cut its key rate by a lower-than-expected 25 bps.
The index soon slipped to a low of 20,045 - down 246 points from the previous close - in early trades.
The index, thereafter, stabilised and began to recover as the day progressed. Aggressive buying in the last hour of trade saw the index rally to a fresh all-time intra-day high of 20,419 - up 374 points from the day's low.
The Sensex finally ended with a gain of 85 points at a new closing record of 20,376.
The Small-cap index rallied nearly 2% to 11,885, and the Mid-cap index surged 1.7% to 9,339.
The NSE Nifty recovered from a low of 6005, and zoomed to a fresh all-time intra-day high of 6176 before finally settling with a gain of 62 poins at 6159.
The market breadth on the BSE was fairly positive with advancing stocks outnumbering declining stocks nearly 3:1 - out of 2,924 stocks traded, 2,139 moved up, 750 were down and the rest were unchanged on Wednesday.
INDEX MOVERS...
HDFC [Get Quote] zoomed over 5% to Rs 3,104. Reliance Communications [Get Quote] and Tata Steel [Get Quote] soared 3.5% each to Rs 766 and Rs 864, respectively.
NTPC and Hindalco [Get Quote] surged over 3% each to Rs 251 and Rs 206, respectively.
Cipla and Bharti Airtel [Get Quote] rallied over 2% each to Rs 200 and Rs 1,054, respectively.
ONGC [Get Quote] gained 1.4% at Rs 1,256. TCS [Get Quote] and ITC were the other major gainers at Rs 1,049 and Rs 189, respectively.
...AND THE SHAKERS
Infosys [Get Quote] plunged over 3% to Rs 1,685, and Satyam [Get Quote] dropped 2.4% to Rs 431.
ICICI Bank [Get Quote] slipped 2% to Rs 1,290.
| Major Gainers | Major Losers | ||||
| Name | Close | % Chg | Name | Close | % Chg |
| Fir Cust | 42.47 | 627.2 | Jayant Agro | 9.14 | 18.8 |
| Ansal Infra | 418.35 | 22.4 | Essar Steel [Get Quote] | 57.20 | 9.9 |
| Supreme Petro | 43.80 | 20.0 | Monnet Sugar [Get Quote] | 50.85 | 9.1 |
| Lakshmi Pr | 84.00 | 20.0 | Switch Tec | 60.00 | 8.8 |
| Kerala Ayur | 99.00 | 20.0 | Nandan Exim [Get Quote] | 5.28 | 8.3 |
| (Close = Stock pirce at the end of day in Rs) | |||||
EDELWEISS SHINES ON DAY 1
Edelweiss Capital listed at a premium of 75% on the BSE at Rs 1,444 as against the issue price of Rs 825. The stock zoomed to a high of Rs 1,609, and finally ended with a huge gain of 83% at Rs 1,510.
Renaissance Jewellery listed at Rs 190 on the BSE - a premium of 26.7% against its issue price of Rs 150. The stock soared to a high of Rs 200, and then corrected to a low of Rs 163 before closing at Rs 165 - a gain of 10%.
VALUE & VOLUME TOPPERS
Debutant Edelweiss Capital topped the value chart with a turnover of Rs 552.70 crore followed by Essar Oil [Get Quote] (Rs 315.30 crore), Reliance Natural Resources [Get Quote] (Rs 256.50 crore), Reliance Petroleum [Get Quote] (Rs 178 crore) and Jindal Steel (Rs 173.25 crore).
IKF Technologies [Get Quote] led the volume chart with trades of around four crore shares followd by G V Films [Get Quote] (3.86 crore), Tata Teleservices [Get Quote] (2.54 crore), Ispat Industries [Get Quote] (1.55 crore) and Gujarat Petronet (1.52 crore).
 Email this Article  Print this Article |
|
|
| © 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback |