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Tech lead rally helps Sensex ends up 375pts

Wednesday, August 8, 2007

The Sensex opened with a huge positive gap of 155 points at 15,088, thanks mainly to the smart rally in technology stocks following the government's move to restrict foreign inflows.

The index continued to add gains as buying spread to other sectors. The Sensex touched a high of 15,340 before settling with a significant gain of 375 points at 15,308.

The BSE IT index zoomed over 4% to 4808. The Oil & Gas index soared over 3% to 8049.

The market breadth was extremely bullish - out of 2,722 stocks traded, 1,977 advanced, 694 declined and 51 were unchanged today.

TECHIES LEAD...

Infosys surged 4.7% to Rs 1,968. TCS soared over 4% to Rs 1,154. Wipro gained 3.7% to Rs 476, and Satyam added 3.5% to Rs 479.

HDFC rallied 4.7% to Rs 2,066. ACC and Reliance surged 4% each to Rs 1,025 and Rs 1,876, respectively.

Ranbaxy gained 3.5% at Rs 382. Hindalco advanced over 3% to Rs 162.
NTPC, HDFC Bank, BHEL and Reliance Energy moved up around 2.5% each to Rs 171, Rs 1,172, Rs 1,712 and Rs 783, respectively.

Grasim, ONGC and Reliance Communications added 2.3% each to Rs 2,988, Rs 888 and Rs 544, respectively.

HCL Technologies and Mphasis zoomed over 6% each to Rs 317 and Rs 303, respectively. Patni Computers, Financial Technologies and Tech Mahindra were up 1-3% each.

MOST ACTIVE COUNTERS

Reliance topped the value chart with a turnover of Rs 265 crore followed by Everonn Systems (Rs 145.80 crore), Infosys (Rs 127.30 crore), IFCI (Rs 116 crore) and ICICI (Rs 111.30 crore).

IFCI led the volume chart with trades of around 1.77 crore shares followed by Reliance Natural (1.51 crore), Suryachakra (1.45 crore), Nagarjuna Fert (1.06 crore) and J P Hydro (1.01 crore).

Posted by FR at 5:19 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.