Friday, January 11, 2008

January 11th: Sensex ends up 245pts; ICICI Bank soars 6%


The Sensex opened with a positive gap of 121 points at 20,703. Follow-up selling saw the index slip into the negative zone to a low of 20,506 - down 197 points from the day's open.

The index, thereafter, gyrated between zones for most of the trading day. Aggressive buying towards the close saw the index surge to a high of 20,895 - up 389 points from the day's low.

The Sensex finally ended with a gain of 245 points at 20,827.

While the Small-cap index slipped 1.3% to 12,694, the Mid-cap index ended flat at 9,438.

The NSE Nifty recovered from a low of 6,113, and touched a high of 6,224, before finishing with a gain of 43 points at 6,200.

The market breadth was fairly negative - out of 2,864 stocks traded, 2,091 declined, 739 advanced and 34 were unchanged today.

INDEX MOVERS...

ICICI Bank zoomed over 6% to Rs 1,440. DLF soared 4.7% to Rs 1,196.

Reliance rallied 3.3% to Rs 3,128. HDFC Bank and NTPC surged around 2.5% each to Rs 1,762 and Rs 272, respectively.

Tata Motors advanced 1.8% to Rs 762, and TCS added 1.5% to Rs 989.

ITC gained 1.3% at Rs 223. SBI, ONGC and Cipla were up over 1% each at Rs 2,437, Rs 1,307 and Rs 204, respectively.

...AND THE SHAKERS

ACC plunged 4.3% to Rs 898. Mahindra & Mahindra tumbled 3.5% to Rs 775.

Satyam and HDFC slipped 2.2% each to Rs 411 and Rs 3,061, respectively.

Ambuja Cements and Hindustan Unilever shed 2% each at Rs 139 and Rs 224, respectively.

Infosys declined 1.4% to Rs 1,580, and Maruti was down 1% at Rs 899.

VALUE & VOLUME TOPPERS

Reliance Natural Resources topped the value chart with a turnover of Rs 561 crore followed by Aries Agro (Rs 480.80 crore), Reliance Petroleum (Rs 392.70 crore), Reliance (Rs 296 crore) and Reliance Capital (Rs 255.60 crore).

Reliance Natural Resources led the volume chart with trades of around 2.77 crore shares followed by Aries Agro (2.14 crore), Reliance Petroleum (1.80 crore), Ispat Industries (1.28 crore) and IFCI (1.20 crore).