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Friday, September 28, 2007
Post Market Commentary
The Sensex opened almost flat at 17,152 - up one point. Unabated buying in the market saw the index rally to a fresh all-time intra-day high of 17,361 - up 210 points from the previous close.
The index finally ended with a gain of 140 points at 17,291.
The market breadth was almost flat - out of 2,838 stocks traded, 1,377 advanced, 1,397 declined and 64 were unchanged today.
INDEX MOVERS...
Reliance Energy zoomed nearly 8% to Rs 1,206. Tata Steel soared 7% to Rs 850.
Hindalco surged nearly 5% to Rs 172. Tata Motors, Cipla and SBI rallied around 3.5% each to Rs 778, Rs 182 and Rs 1,951, respectively.
Ranbaxy and ICICI Bank gained 3.3% each at Rs 434 and Rs 1,063, respectively.
ITC, Grasim and Maruti moved up around 2.5% each to Rs 190, Rs 3,513 and Rs 1,000, respectively.
HDFC is up over 1% at Rs 2,527.
...AND THE SHAKERS
Bharti Airtel dropped 2% to Rs 941, and ONGC shed 1.4% to Rs 958.
Reliance and Ambuja Cements were down 1% each at Rs 2,296 and Rs 144, respectively.
VALUE & VOLUME TOPPERS
Sintex Industries topped the value chart with a turnover of Rs 501.50 crore followed by Reliance Energy (Rs 416.70 crore), Reliance Natural Resources (Rs 370 crore), Tata Steel (Rs 273 crore) and Reliance (Rs 215.25 crore).
Reliance Natural Resources led the volume chart with trades of around 4.33 crore followed by IKF Technologies (3.02 crore), Himachal Futuristic (2.92 crore), Nagarjuna Fertilisers (2.80 crore) and Ispat Industries (2.34 crore).