Sensex ends up 294 points, HDFC surges 8%

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Sensex ends up 294 points, HDFC surges 8%

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March 24, 2008 17:07 IST
The Sensex opened with a positive gap of 99 points at 15,094. The index touched a high of 15,349, and a low of 15,056. Fresh buying towards the close helped the index end on a firm note at 15,289 - up 294 points.

The BSE Mid-cap index shed 2.7% (158 points) at 5,806, and the Small-cap index dropped 3.8% (272 points) to 6,950.

The BSE Bankex rallied 3.3% (249 points) to 7,744.

The NSE Nifty gained 36 points to finish at 4,610.

The market breadth was extremely negative - out of 2,717 stocks traded, 2,149 declined, 535 advanced and 33 were unchanged on Monday.

Index movers

HDFC [Get Quote] zoomed 7.7% (Rs 171) to Rs 2,384. Wipro [Get Quote] soared nearly 6% to Rs 399.

HDFC Bank rallied 5.3% to Rs 1,337, and ICICI Bank [Get Quote] surged 5% to Rs 805.

Hindustan Unilever advanced 4.3% to Rs 235. ACC gained 3.8% at Rs 805, and Larsen & Toubro has added 3.5% to Rs 2,937.

Bharti Airtel [Get Quote] gained 3% at Rs 801. SBI [Get Quote] moved up 2.7% to Rs 1,646.

Reliance and ITC were up nearly 2% each at Rs 2,201 and Rs 191, respectively.

Tata Motors [Get Quote], Ambuja Cements and TCS [Get Quote] were the other major gainers at Rs 662, Rs 124 and Rs 823, respectively.

And the shakers

Tata Steel [Get Quote] slumped 7% to Rs 592.

Reliance Energy [Get Quote] plunged 4.6% to Rs 1,151, and DLF shed 4% at Rs 598.

Jaiprakash Associates [Get Quote] slipped nearly 2% to Rs 200, and Maruti [Get Quote] declined 1.3% to Rs 812.

Major Gainers			Major Losers
Name	Close	% Chg	Name	Close	% Chg
Satra Properties	79.05	18.6	S. Kumars Nationwide	83.70	26.7
International Conveyors [Get Quote]	171.25	17.3	IOL Netcom	155.65	20.0
DS Kulkarni	156.00	16.9	Champagne India	443.55	20.0
Dabur Pharma [Get Quote]	56.55	15.8	Indus Fila [Get Quote]	90.25	20.0
Modern Steel [Get Quote]	22.05	15.8	Gokak Textiles	80.65	20.0
(Close = Stock pirce at the end of day in Rs)

Most active counters

Reliance topped the value chart with a turnover of Rs 202 crore followed by GSS America (Rs 198.80 crore), Reliance Natural Resources [Get Quote] (Rs 190 crore), Reliance Capital [Get Quote] (Rs 179.70 crore) and ICICI Bank (Rs 166 crore).

Reliance Natural Resources led the volume chart with trades of around 1.96 crore shares followed by Ispat Industries [Get Quote] (1.07 crore), Essar Oil [Get Quote] (86 lakh), Reliance Petroleum [Get Quote] (86 lakh) and IFCI (75.40 lakh).


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