Wednesday, September 23, 2009

Sensex ended with negative note

The Sensex ended with a negative note on Wednesday. Earlier, the Bombay Stock Exchange benchmark Senesx opened with positive note at 19 points at 16,905. Thereafter, it plunged in negative terrain and finally ended in red. It closed down 170 points at 16,717. On the other hand, the National Stock Exchange index Nifty ended below 5000 mark. It was ended marginally in the red at 4969.95 points, down 1 per cent. Broader market indices also ended in the positive terrain, with the BSE midcap index closing 1.29% lower and the BSE smallcap index down 1.44%.

Bombay Stock Exchange

The markets breadth was negative. Out of 2,864 stocks traded, 1,001 advanced and 1,784 declined. Sterlite increased 1.09% to Rs 769, HDFC Bank gained 1.45% to Rs 1,560 and Sun Pharma surged 0.58% to Rs 1,212. Bharti Airtel shunk 3.43% to Rs 414, Reliance Communications down by 2.9% to Rs 308 and Jaiprakash Associates dipped 6.34% to Rs 235. Reliance Infrastructure, Hindustan Unilever and Mahindra & Mahindra were plunged in red between 1 and 2% each.

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Monday, September 14, 2009

Sensex ended down 0.5%

Sensex Down

The Sensex ended down 0.5 per cent on Monday. Earlier at the starting of the trade, it opened 79 points lower and continued the negative trend throughout the day. The BSE-30 share index tried to recover during final trading hour, however, could not succeed. It touched an intra day high of 16,252, still down 12 points from the previous close. Japan's Nikkei stock average fell 2.3% to 10,202 today with Toyota Motor Corp and other exporters battered as the dollar hit a 7-month low against the yen.

The market breadth was marginally positive - out of 2,855 stocks, 1,473 advanced, while 1,309 declined. Tata Steel led the combined value chart on both the BSE and the NSE with a turnover of Rs 798.6 crore. It was followed by HDIL (Rs 674.35 crore), DLF (Rs 627.7 crore), Aban Offshore (Rs 625 crore) and Reliance (Rs 617.11 crore). IFCI topped the combined volume chart with trades of over 46.87 million shares. It was followed by Unitech (42.88 million), NHPC (46.66 million), Ispat (39.15 million) and Suzlon (36.48 million).

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Wednesday, September 9, 2009

Sensex touches 16,215 pts

Sensex Up

After trading in negative zone, the Bombay Stock Exchange benchmark Sensex touched a high of 16, 215. It was 170 points up from the day's low. At present, the Sensex is at 16,211, up 87 points. Similarly, the National Stock Exchange index Nifty at 4,280, up 15 points. Overall, the market breadth is negative. Out of 2,843 stocks, 1,521 have advanced, while 1,239 have declined so far.

Realty index has declined the most.Index heavyweight Reliance has soared nearly 4% to Rs 2,158. Hindalco has also surged nearly 4% to Rs 119. Jaiprakash Associates has gained 2.5% to Rs 239. Tata Power, HDFC Bank and HDFC have advanced 1.5% each to Rs 1,297, Rs 1,474 and Rs 2,524, respectively. Tata Steel has added over 1% to Rs 461. Among the Nifty stocks, Cairn India and Axis Bank have added 1.5% each to Rs 270 and Rs 918, respectively

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Friday, September 4, 2009

Sensex up, thanks to European markets

Sensex up

At last, the Sensex bounced back and ended with positive note on Friday. It was up 290 points at 15, 689 at the close of trade. It was all due to the positive cues from the European markets that support the Sensex to come back in positive terrain. The Bombay Stock Exchange benchmarks index opened with a marginal gap of 28 points at 15,426. At noon, it was in negative shade with 15,359 points.

Then buying in metal, auto and index heavyweights saw the Sensex up to a high of 15,741 which was the day's high (382 points). On the other hand, the National Stock Exchange Nifty index touched low of 4,580, and then soared to a high of 4,697. All the sectoral indices gained with auto and metal indices leading. The auto index gained 3% at 6,079 on the back of good sales numbers from most of the vehicle majors. Metal index added 2.7% to 12,496 on hopes of an increase in demand with the economic recovery. The market breadth was positive. Out of 2,831 stocks traded 1,576 advanced while 1,162 declined.

Mahindra & Mahindra rallied 6% to Rs 864 on plans to enter the US market. Hero Honda added 4% to Rs 1,602. Metal major, Sterlite gained 4% to Rs 670. Larsen & Toubro, HDFC, ONGC and ITC advanced 3% each. Grasim, ACC, Maruti Suzuki, Reliance, Hindustan Unilever, Tata Steel, Reliance Infrastructure, Hindalco and Tata Power also moved up around 2% each.

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