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Saturday, April 11, 2009

Sensex gains another 455pts

The Sensex began the week with a positive gap of 173 points at 10,522. Profit-taking during the week saw the index slip to a low of 10,172. However, sustained buying by bulls helped the index recover and rally to a high of 10,932 - up 760 points from the week's low.

The Sensex finally ended the holiday-shortened week with a gain of 455 points at 10,804. In the process, the index has ended higher for the fifth week in a row, and is now up nearly 30% (2,478 points).

In the week under review, Jaiprakash Associates zoomed nearly 18% to Rs 114. Tata Steel, Larsen & Toubro, Reliance Infrastructure, Tata Motors and ICICI Bank surged 10-16% each. DLF, Reliance Communications, HDFC, Sterlite, NTPC, Sun Pharma and Bharti Airtel also ended with smart gains.

BHEL and ACC, however, slipped over 2% each