Friday, December 7, 2007

Sensex opens above 20k; Nifty at all time high

The 30-share benchmark, BSE Sensex opening at 20,063.50 continued to trade firm in the morning trades on account of buying interest in pivotal stocks and global cues.

All sectors were trading in the positive.

Asian markets on Friday (Dec. 07, 2007) advanced, on anticipation that the US government will take action to limit subprime mortgages defaults.

BSE Sensex is trading at 19,977.25, up 181.38 points, while NSE Nifty touched an all time high of 6,035.00 and is trading at 6,008.30, up 53.6 points (10.15 a.m.).

The BSE Midcap rose 1.27% and BSE Smallcap rose 1.53%.

Out of the total 1,253 stocks traded at the BSE, 1,152 advanced, 96 declined, while 5 remained unchanged.

Amongst the sectoral indices, BSE Auto rose 0.80%, BSE IT rose 0.49%, BSE Power rose 1.08%, BSE Realty rose 2.60%, BSE Metal rose 1.91%, and BSE Bankex rose 1.63%.

Leaders at the BSE Sensex were Reliance Comm, which rose 2.96% to Rs 740, HDFC Bank rose 2.90% to Rs 1735.00 and Bharti Airtel rose 2.14% to Rs 960.00. ICICI Bank, DLF, Ranbaxy, NTPC, HDFC and Cipla also moved up.

Laggards at the BSE Sensex include ONGC which declined 1.46% to Rs 1,175.00, Ambuja Cement declined 0.58% to Rs 153.00 and TCS shed 0.40% to Rs 1,030.10.

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