Monday, December 3, 2007
Markets on December 3rd: Sensex ends up 240pts, Rel Energy zooms 9%...
The Sensex opened with a positive gap of 184 points at 19,547. After dropping to a low of 19,447, the index zoomed to a high of 19,619 on fresh buying in energy and technology stocks. The Sensex finally ended with a gain of 240 points at 19,603.
The market breadth was fairly positive - out of 2,854 stocks traded, 2,084 advanced, 712 declined and 58 were unchanged.
The BSE Oil & Gas index soared 3.5% to 12,786. The Metal and Power indices surged over 3% each to 18,281 and 4484, respectively.
INDEX MOVERS...
Reliance Energy zoomed over 9% to Rs 1,900. Wipro soared over 7% to Rs 493.
Reliance Communications surged 4.5% to Rs 712. TCS rallied nearly 4% to Rs 1,053.
Hindalco moved up over 3% to Rs 192. BHEL and Reliance advanced around 3% each to Rs 2,761 and Rs 2,932, respectively.
Mahindra & Mahindra and Bajaj Auto gained 2.5% each at Rs 751 and Rs 2,776, respectively. Maruti added 2% to Rs 1,032.
Satyam was up 1.8% at Rs 448. Tata Steel, ITC, Ambuja Cements, NTPC and Ranbaxy were the other major gainers.
...AND THE LAGGARDS
ICICI Bank and Bharti Airtel slipped 1.6% each to Rs 1,165 and Rs 924, respectively.
HDFC was down over 1% at Rs 2,746.
VALUE & VOLUME TOPPERS
IDFC topped the value chart with a turnover of Rs 1,215.70 crore followed by Essar Oil (Rs 660.50 crore), IFCI (Rs 459.30 crore), Reliance Petroleum (Rs 371.90 crore) and Reliance Energy (Rs 315.75 crore).
IDFC led the volume chart with trades of around 5.89 crore shares followed by IFCI (4.39 crore), Tata Teleservices (2.42 crore), Ispat Industries (2.42 crore) and Essar Oil (2.33 crore).