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Market bounces back: HDFC, Satyam, Tata Steel end higher
Friday, April 20, 2007
The market closed on an extremely positive note on the back of buying seen in scrips across sectors. Asian markets also saw a come back and ended in green. IT majors Satyam and Wipro came in with strong set of numbers and gave some encouraging guidance which acted in favour of the market. Also
However, on the macroeconomic front the market the inflation numbers came in above expectation at 6.09%. But markets shrugged off the concerns after intial jitters and clawed back.
The midcap and smallcap index ended in green but the frontliners out performed the broader markets. The breadth was positive with higher volume.
HDFC, Satyam, Tata Steel were the star performers and each of them up over 5.5%.
All BSE sector indices closed in green with metal index leading the uptrend due to surge in metal prices. Oil & gas, IT and capital goods index ended significantly higher.
On weekly basis Sensex and Nifty ended up 4% and 4.2% respectively.
The BSE Midcap Index ended at 5,699.08 up 47 points or 0.83%.
The BSE Smallcap Index ended at 6,974.37 up 69.08 points or 1%.
The BSE Bankex was up 1% at 6,914.37. IOB, SBI, HDFC Bank, Kotak Mahindra, ICICI Bank moved upwards.
The BSE Capital Goods Index was up 1.5% at 9,797.90. Greaves Cotton, HEG, Aban Offshore, SKF India, Praj Industries closed higher.
The BSE Health Care Index was up 0.5% at 3,792.99. Matrix Lab, Sun Pharma, Lupin, Wockhardt, Orchid Chemical closed higher.
The BSE Auto Index closed at 4,831.34 up 0.44%. Escorts, Hind Motors, Apollo Tyres, Exide Industrie, Asahi
The BSE Metal Index closed at 9,702.28 up 3.5%. JindalStainless, SAIL, Tata Steel, Jindal Steel, NALCO advanced higher.
The BSE IT Index gained 1.6% at 5,055.098. Satyam, Mphasis, Patni Computer, HCL Tech, TCS advanced.
BSE Oil and Gas Index closed at 7,052.08 up 2.7%. MRPL, Petronet LNG, Reliance, ONGC, IOC ended higher.
The BSE FMCG Index closed flat at 1,811.71. P&G, ITC, Nirma closed higher.
The NSE cash turnover was at Rs 8842.15 crore and the NSE F&O turnover was at Rs 36605.08 crore. The BSE cash turnover was Rs 4303.35 crore. Total market wide turnover was at Rs 49750.58 crore.
