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Market ends strong: Bank, cap goods, cement shine

Friday, June 29, 2007

The markets ended the day on a strong note with buying seen in scrips across sectors. Capital goods, banking, IT, cement and sugar stocks were among the top gainers. The broader markets did extremely well during the day as well as week giving markets an excellent breadth. The turnover was brisk. Except for metal, all the sectoral indices closed in green.

Sensex was up 145.94 points or 1.01% at 14650.51, and the Nifty up 36.30 points or 0.85% at 4318.3.

About 1452 shares have advanced, 1091 shares declined, and 89 shares are unchanged.

On a weekly basis, Sensex was up nearly 1.2% and Nifty was up 1.5%. Even on a weekly basis banking index gave a standout performance.

RPL was up 15%, ACC was up 9% and Suzlon was up 8% were among the top gainers during the week.

The BSE Midcap Index ended at 6,527.03 up 69.03 points or 1.07%.

The BSE Smallcap Index ended at 7,730.40 up 68.30 points or 0.9%.

The BSE Bankex was up 2.9% at 8,009.94. Oriental Bank, PNB, Kotak Mahindra, Andhra Bank, HDFC Bank, UTI Bank moved upwards.

The BSE Capital Goods Index was up 1.9% at 12,299.36. Triveni Engg, ABB, Kirloskar Oil, BHEL, Punj Lloyd, Larsen, Praj Industries closed higher.

The BSE Health Care Index was up 1% at 3,805.70. Nicholas Pirama, Cipla, Panacea Biotech, Aurobindo Pharm, Sterling Bio closed lower.

The BSE Auto Index closed at 4,739.57up 0.5%. Exide Industrie, Mah and Mah, Bajaj Auto, Escorts declined.

The BSE FMCG Index gained 0.35% at 1,829.33. United Spirits, Godrej Consumer, Tata Tea, Britannia closed higher.

BSE Oil and Gas Index closed at 7,626.66 up 0.4%. Reliance Natura, Essar Oil, Petronet LNG, HPCL
ended in red.

The BSE IT Index closed at 4,870.73 up 0.6%. Financial Tech, I-Flex Solution, Mphasis, Patni Computer closed lower.

The BSE Metal Index closed at 10,605.00 down 0.3%.

The NSE cash turnover was at Rs 10661.63 crore and the NSE F&O turnover was at Rs 35463.65 crore. The BSE cash turnover was Rs 4820.88 crore. Total market wide turnover was at Rs 50946.16 crore.

Posted by FR at 5:55 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.