Monday, April 6, 2009

Fourth straight gain for Sensex; M&M zooms 14%


The Sensex opened with yet another positive gap of 173 points at 10,522 on the back of positive global cues. The index soon touched a high of 10,655 owing to smart gains by index heavyweights.

Intra-day profit taking saw the index pare gains and touch a low of 10,410 - down 245 points from the day's high. The Sensex finally ended with gain of 186 points at 10,535.

In the process, the index has now soared over 10% (967 points) in the last four straight trading days.

The BSE Consumer Durables index zoomed nearly 6% to 1,817. The Capital Goods, Metal and Auto indexes surged nearly 4% each to 7,062, 6,451 and 3,281, respectively.

The market breadth was fairly positive - out of 2,567 stocks traded, 1,859 advanced, 633 declined and 75 were unchanged.

INDEX MOVERS...

Mahindra & Mahindra (M&M) zoomed over 14% to Rs 480. Reliance Communicatons soared over 11% to Rs 218.

Larsen & Toubro and HDFC surged around 7.5% each to Rs 770 and Rs 1,699, respectively.

Reliance Infrastructure and Hindalco rallied around 6.5% each to Rs 613 and Rs 60, respectively.

Tata Steel gained nearly 5% at Rs 236. ICICI Bank added 4% to Rs 375.

Sterlite and Bharti Airtel moved up around 3.5% each to Rs 386 and Rs 660, respectively.

DLF and Tata Motors were up 3% each at Rs 210 and Rs 209, respectively.

...AND THE SHAKERS

ACC plunged over 3% to Rs 581. ITC and Ranbaxy dropped around 2.5% each to Rs 181 and Rs 182, respectively.

Grasim slipped over 2% to Rs 1,567. Hindustan Unilever and SBI declined around 1.5% each to Rs 227 and Rs 1,129, respectively.

OTHER PROMINENT GAINERS...

Essar Oil zoomed over 48% to Rs 119. MRPL, Chennai Petro, EIH, Rei Agro, Jai Corp, Glenmark Pharma, Adani Enterprise, Bharat Forge, Suzlon, Tech Mahindra, Mundra Port, Rolta, Kotak Bank, Videocon and HDIL soared 9-19% each.

...AND THE LOSERS

G E Shipping dropped nearly 5% to Rs 188. Lupin, United Spirits, Century Textiles, HPCL, Renuka Sugars, Divi's Labs, MphasiS, Power Finance, Apollo Hospital, M&M Financial, Ambuja Cement, Crompton Greaves, Colgate, Asian Paints and Cipla declined 2-4% each.

VALUE & VOLUME TOPPERS

Reliance Infrastructure topped the value chart with a turnover of Rs 281.15 crore followed by Reliance (Rs 242.25 crore), Reliance Capital (Rs 163.75 crore), ICICI Bank (Rs 158.40 crore) and Essar Oil (Rs 144.25 crore).

Satyam led the volume chart with trades of around 2.85 crore shares followed by Suzlon (2.25 crore), Reliance Natural Resources (2.02 crore), Cals Refineries (1.39 crore) and Essar Oil (1.33 crore).