India Stock Market: Sensex Up 384.01 Points On Monday

Sensex (^BSESN) up 384.01 points on Monday (October 12, 2009)

Sensex rose 384.01 points or 2.3% to 17026.67.
Nifty (^NSEI) rose 109.05 points or 2.2% to 5054.25.
Mid Cap rose 1.2%. Small Cap rose 1.1%.
BSE 500 rose 1.9%. Sensex gainers: 27

All 13 BSE Sectoral indices posted losses.
Advancers: 1632, Decliners: 1105, Unchanged: 92
Advance/Decline Ratio: 8:5

Sensex Day’s Range: 17068.78- 16687.32
Nifty Day’s Range: 5068.05 - 4945.45
52-Week Range: 17195.61- 7697.39
52-week change: -1.0%

Sensex gainers included State Bank +5.2%, Reliance Infra +5%, Wipro +3.8%, ITC ++3.7%, TCS +3.4% and Reliance Ind +3.2%.

Sensex losers were: Hero Honda -0.9%, Reliance Comm -0.6% and BHEL -0.2%.

Consumer Durables index jumped 3.7% led by Rajesh Exports +9.4%, Blue Star +6.6%, Gitanjali Gems +3.4% and Titan Ind +3.1%.

IT index climbed 2.9% helped by Patni Computer +5.5%, Wipro +3.8%, TCS +3.4%, Rolta +3.2% and Mphasis +3%.

Bankex gained 2.6% assited by State Bank +5.2%, Kotak Mahindra Bank +4.2%, Punjab National Bank +3.8%, Bank of India +3.8% and Canara Bank +3.4%.

Oil & Gas index surged 2.4%supported by Reliance Natural +5.3%, Reliance Ind +3.2%, ONGC +2%, Aban Offshore +1.8% and Cairn India +0.4%.

FMCG moved up 2.3% due to buying in Dabur India +5.5%, ITC +3.7%, Marico +1.9%, Godrej Consumer +1.3%, Colgate +1.2% and HUL +1%.

Metal index surged 2% aided by Sesa Goa +4.1%, Welspun Guj +3.3%, Jindal Steel +3.3%, Ispat Ind +2.9%, Tata Steel +2.5% and Jindal Saw +2.2%.

Other sectoral movers were: Realty +1.5%, Auto +1.5%, Power +1.4%, Healthcare +1.3%, Capital Goods + 1.2% and PSU +1%.

Buzzers:
Liberty Phosphate +20% at Rs 28.20, Pioneer Distilleries +20% at Rs 68.15, Madhav Marbles +16.2% at Rs 32.95, Amrit Banaspati +14.7% at Rs 60.15, TTK Prestige +14.3% at Rs 295.20, Revathi CP +13.1% at Rs 650.50 and Mahindra Financial +12.7% at Rs 248.45.

Heavy Losers:
Photoqip India -8.5% at Rs 27.55, Stovec Ind -8% at Rs 215, Silver Smith -7.3% at Rs 20.40, Lakshmi Electrical -6.9% at Rs 153.50, EIH -6.6% at Rs 128.45 and Panyam Cements -5.9% at Rs 111.55.

ADAG shares move up:
In ADAG (Anil Dhirubhai Ambani Group) pack, Reliance Capital was up 4.7%, Reliance Infrastructure up 5%, Reliance Natural Resources up 5.3% and Reliance Power up 2.6%. However, only Reliance Communication ended off day’s low 0.62% post audited report.

Robust IIP numbers:
This high number could be a result of the low base effect set in August last year. India’s industrial output grew at its fastest pace in 22 months (fastest since October 2007) in August as factories cranked out more big-ticket household goods and cars as stimulus spending drove demand.August Index of Industrial Production (IIP) number has come at 10.4% as against 7.2% last month.

IIP internals (YoY):
Manufacturing output at 10.2% Vs 1.7%
Mining at 12.9% versus 2.8%
Electricity at 10.6% Vs 0.8%
April-August industrial growth at 5.8% Vs 4.8%
Basic goods at 10% Vs 3.9%
Capital goods at 8.3% Vs 0.9%
Intermediate goods at 14.2% Vs -5.5%
Consumer goods at 8.5% Vs 6.4%
Consumer durables at 22.3% Vs 3.9%
Consumer non-durables growth at 3.7% Vs 7.3%

Asian Markets:
Asian markets ended mixed; Shanghai, Hang Seng, Kospi and Jakarta fell 0.4-0.9%. However, Straits Times was up over 1% and Taiwan Weighted up 0.4%.

European Markets:
European stocks and U.S. index futures rose as Royal Philips Electronics NV’s unexpected profit bolstered speculation that the economic recovery is gaining momentum.

Philips, Europe’s largest consumer-electronics maker, posted a third-quarter profit as operating earnings at the consumer unit more than doubled.

Philips posted third-quarter net income of 174 million euros ($256 million). Analysts had predicted a loss of 44.7 million euros, according to 13 estimates compiled by Bloomberg.

European markets were trading lower. FTSE: +01.3%, DAX: +1.7%, CAC +1.4%.

Crude:
Crude was quoting at $72.93 a barrel.

Subscribe by RSS Subscribe by Email