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Monday, November 26, 2007

Sensex ends up 395pts, HDFC Bank gains 5%


The Sensex opened with a positive gap of 318 points at 19,171 on the back of positive cues from the global markets. The index touched a high of 19,360 in morning trades.

Intra-day profit-taking saw the index drop to a low of 19,138 in early noon deals. The Sensex, however, ended the day on a firm note at 19,248 - up 395 points (2.1%).

The BSE Metal index surged over 5% to 17,525. The Realty index rallied 3% to 10,081, and the IT index gained 2% at 4098.

The market breadth was fairly positive - out of 2,865 stocks traded, 1,813 advanced, 996 declined and 56 were unchanged today.

MAJOR MOVERS

HDFC Bank zoomed over 5% to Rs 1,644. Bharti Airtel and Reliance Energy soared 3.7% each to Rs 948 and Rs 1,790, respectively.

Tata Steel, ONGC and Hindalco rallied over 3% each to Rs 849, Rs 1,184 and Rs 194, respectively.

Grasim surged 3% to Rs 3,734. DLF and TCS gained 2.7% each at Rs 892 and Rs 985, respectively.

Reliance, BHEL and Wipro moved up 2.5% each to Rs 2,883, Rs 2,605 and Rs 453, respectively.

Satyam, Hindustan Unilever and Bajaj Auto were up over 2% each at Rs 426, Rs 210 and Rs 2,587, respectively.

VALUE & VOLUME TOPPERS

Reliance Petroleum topped the value chart with a turnover of Rs 515.50 crore followed by Jindal Steel (Rs 312.80 crore), Reliance Energy (Rs 201.70 crore), Empee Dist (Rs 176.70 crore) and J P Hydropower (Rs 168.70 crore).

Reliance Petroleum led the volume chart with trades of around 2.46 crore shares followed by Tata Teleservices (1.57 crore), Ispat Industries (1.56 crore), J P Hydropower (1.47 crore) and Reliance Natural Resources (1.03 lakh).