Friday, November 30, 2007

Market ends on a cheerful note

The 30-share BSE Sensex opened with a positive gap of 132.86 points at 19,136.12 and continued to trade strong for most part of the day. Heavy buying was witnessed across board. Finally it ended the day on a cheerful note by touching an intraday high of 19,424.99.

All sectors traded in the postive.

India`s wholesale price index (WPI) based Inflation moved up 3.21% for the week ended November 17, as against 3.01% in the previous week.The annual rate of inflation stood at 5.56% in 2006

BSE Sensex closed with a hefty gain of 359.93 points, or 1.89%, at 19,363.19, while the broad-based NSE Nifty closed at 5,762.75 up 128.15 points.

The BSE Midcap rose 2.38% while BSE Smallcap rose 1.31%.


Out of the total 2,860 stocks traded at the BSE, 1,745 advanced, 1,056 declined, while 59 remained unchanged.

Amongst the sectoral indices, BSE Auto rose 0.92%, BSE Realty rose 3.94%, BSE IT rose 2.74%, BSE Bankex rose 2.54%, BSE Metal rose 5.09% and BSE Power rose 2.13%.

Global Markets

Asian markets advanced on Thursday (Nov. 29, 2007), led by Toyota Motor and Samsung Electronics, on speculation that the US Federal Reserve will cut interest rates.

Movers and Shakers

Gainers at the BSE Sensex include DLF which rose 7.04% to close at Rs 943.90, followed by Reliance Energy, which rose 4.47% to Rs 1738.10, and TCS rose 3.81% to end the day at Rs 1,013.95. HDFC, Satyam, Tata Steel, Bharti Airtel, ONGC and Grasim also moved up.

Laggards at the BSE Sensex were HUL which declined 1.45% to close at Rs 207.15, Ambuja Cement declined 0.86% to Rs 150.00 and Bajaj Auto declined 0.56% to finish at Rs 2709.10.

Top Volumes

Ispat Industries topped the volume chart with 33,999,092 shares followed by with Reliance Petroleum 25,929,296 shares and IDFC with 10,599,880 shares. Ashok Leyland, Neyveli Lignite, GMR Infrastructure and Power Grid were amongst the other gainers.

Top Turnover

Reliance Petroleum topped the turnover chart with Rs 5681.8 million, followed by Reliance Energy with Rs 21,814 million.

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