Post Market Review - Sep 1 2010

It was a stunning rally on Dalal Street as benchmark indices surged more than a percent in today’s trade after staging a sharp recovery from lower levels yesterday. Sensex gained 234 points to close at 18206 while Nifty finished at 5472, up 69 points. BSE Mid-cap and Small-cap indices gained 1.7% and 1.8% respectively. Auto companies posted healthy sales figures for the month of August with Maruti Suzuki and TVS Motors registering highest ever monthly sales. European markets were trading with strong gains of nearly 1.5% while US stock indices futures too were up about a percent ahead of data on construction spending, mortgage application and ISM Manufacturing.



All the BSE sectoral indices finished in green with Metal and Realty indices gaining the most, up 3% each. R Com and Hindalco gained the most among the Nifty stocks, putting on 5.5% and 4.8% respectively while Ambuja Cement and Hero Honda were the top losers, down 2% and 1.7% respectively. BSE advance-decline ratio stood at 3:1.