Thursday, November 29, 2007

Sensex ends up 64pts; Bajaj Auto drops 5%, HDFC Bank zooms over 4%...



The Sensex opened with a bang - up 352 points (1.8%) at 19,291 backed by the strong rally in the global markets. The index touched a high of 19,297, pared some gains and thereafter exhibited lacklustre movement for the major part of the trading day.

Fresh selling in noon deals, on account of the derivatives expiry of the November series, saw the index drop to a low of 18,930 - down 361 points from the day's high. The Sensex finally ended with a gain of 64 points at 19,003.

The market breadth turned negative towards the close - out of 2,857 stocks traded, 1,461 declined, 1,323 advanced and 73 were unchanged today.

INDEX MOVERS....

HDFC Bank zoomed over 4% to Rs 1,677, and ICICI Bank gained over 3% to Rs 1,162.

Maruti rallied 2.5% to Rs 990, and Mahindra & Mahindra moved up 1.5% to Rs 720.

Reliance and Bharti Airtel were up around 1% each at Rs 2,818 and Rs 918, respectively.

...AND LOSERS

Bajaj Auto slumped nearly 5% to Rs 2,600.

Ranbaxy plunged 2.7% to Rs 379, and Reliance Energy shed 2.4% at Rs 1,664.

Tata Steel and Reliance Communications dropped around 2% each to Rs 802, Rs 665, respectively.

VALUE & VOLUME TOPPERS

Reliance Petroleum topped the value chart with a turnover of Rs 1,136.40 crore followed by Mundra Port (Rs 371 crore), Reliance Natural Resources (Rs 202.25 crore), Jaiprakash Associates (Rs 186.15 crore) and Reliance Energy (Rs 186.10 crore).

Reliance Petroleum led the volume chart with trades of around 5.56 crore shares followed by Gujarat Petronet (2.43 crore), Ispat Industries (2.11 crore), Reliance Natural Resources (1.31 crore) and Tata Teleservices (1.19 crore).