India Stock Market: Sensex Up 507.19 Points On Wednesday

Sensex (^BSESN) up 507.19 points on Wednesday (November 4, 2009)
-Snaps 6 day losing streak
-Up on short covering and positive global cues

Sensex rose 507.19 points or 3.3% to 15912.13
Nifty (^NSEI) rose 146.90 points or 3.2 to 4710.80
Mid Cap rose 3.5%. Small Cap rose 2.2%.
BSE 500 was up 3.2%. Sensex gainers: 27

All 13 BSE Sectoral indices posted gains.
Advancers: 1774, Decliners: 946, Unchanged: 59
Advance/Decline Ratio: 9:5

Sensex Day’s Range: 15929.09 - 15487.97
Nifty Day’s Range: 4717.80 - 4565.00
52-Week Range: 17493.17- 8047.17
52-Week change (%): -9.0%

Sensex rebounded 3.3 percent on Wednesday, its biggest rise in more than three and a half months, supported by the government’s assurance fiscal stimulus would be maintained and a world stocks rally.

Sensex gainers included JP Associates +9.4%, Hindalco +9.2%, DLF +8.5%, Sterlite Ind +6.6%, Relianace Ind +5.5%, Tata Steel +5.3% and ICICI Bank +5.2%.

Sensex losers were: Sun Pharma -0.8%, Grasim -0.4% and Tata Power -0.2%.

Realty index jumped 9.7% led by Indiabulls Realty +15.8%, Unitech +10%, HDIL +10%, DLF +8.5%, Parsvnath +8% and Anant Raj Ind +7.7%.

Metal index climbed 5.4% helped by Hindalco +9.2%, Sterlite Ind +6.6%, JSW Steel +5.9%, Jindal Saw +5.6%, Tata Steel +5.3% and Guj NRE Coke +5.2%.

IT index rose 4% supported by Rolta +8.1%, NIIT +5.7%, Patni Computer +4.7%, Infosys +4.7%, Aptech +4% and Moser Baer +4%.

Oil & Gas index moved up 3.8% aided by Aban Offshore +8.1%, Relaince Ind +5.5%, Essar Oil +5%, Cairn India +3.1% and Reliance Natural +2.3%.

Bankex shot up 3.1% due to buying in ICICI Bank +5.2%, Allahabad Bank +4.8%, Canara Bank +4.3%, IDBII Bank +4.1%, Yes Bank +4% and IndusInd +3.9%.

Auto index went up 2.6% led by Amtek Auto +7.6%, Bharat Forge +7%, Escorts +6.1%, Mahindra & Mahindra +3.8%, Tata Motors +3.2% and Maruti Suzuki +3.1%.

All other sectoral movers were: Teck +3.4%, FMCG +2.1%, Healthcare +2.1%, Consumer Durables +1.8%, PSU +1.8%, Power +1.7% and Capital Goods +1%.

Turnover:
The markets reported total traded turnover of Rs 93,605.10 crore. This included Rs 16,237.76 crore from the NSE cash segment, Rs 72,239.34 crore from the NSE F&O and the balance Rs 5,128 crore from the BSE cash segment.

Buzzers:
Excel Infoways +18.3% at Rs 71.05, Indiabulls Realty +15.8% at Rs 242.45, Educomp +15.6% at Rs 825.05, Poly Medicure +15.4% at Rs 129.15 and Vimal Oils +13.6% at Rs 34.20.

Heavy Losers:
Trent (W) -16.7% at Rs 40, Natural Capsule -12.1% at Rs 37.30, Webel SL Energy -10% at Rs 269.95, Prime Security -9.9% at Rs 37.55, Bhartiya International -9.9% at Rs 36.75 and Arvind Chemical -8.9% at Rs 42.80.

Telecom shares up:
MTNL surged 5.86%. Reliance Communication, Bharti Airtel and Tata Teleservices went up 1.7-2%. Idea Cellular and Tata Communication gained 0.8% each.

Cement shares move up:
Ambuja Cements jumped 5% and ACC rose over 4% while Grasim declined 0.4%.

Indiabull shares bounce back:
Indiabulls group companies’ shares bounced back sharply after yesterday’s sharp falls. Indiabulls Real Estate was up 15.8%, Indiabulls Financial Services was up 5.7% and Indiabulls Securities was up 9.1%.

JP Associates up 9.4 pct:
Engineering and construction firm Jaiprakash Associates rose 9.4 percent to Rs 212.65 after it said cement shipments in October rose 41.3 percent from a year earlier to 0.816 million tonnes.

Mahindra Satyam attracts buying interest:
Outsourcer Mahindra Satyam was up 4.2 percent at Rs 103.15 after it said it would work with Swedish defence and aerospace firm Saab to develop applications and technology solutions in India for the defence and security market.

Midcap Movers:
Educomp Solutions surged 15.6%. Religare Enterprises, Kingfisher Airlines and HDIL gained 10-12.6%.

Midcap Losers:
However, KGN Industries, REI Six Ten, Ipca Labs, HCL Info and Blue Dart fell 1.6-5%.

Smallcap Gainers:
Glodyne Tech, HBL Power, Agro Tech Foods, Tata Coffee and Sasken Communication were up 10-11%.

Smallcap Losers:
Webel SL Energy, Prime Securities, Shree Ram Urban, Garden Silk Mills and Phillips Carbon declined 5-10%.

Commodities prices bolster:
Commodity prices were boosted by a weaker dollar, which heightens the appeal of raw materials as an alternative investment.

Industrial metals rallied on the London Metal Exchange, as copper added 1.9 percent to $6,585 a metric ton and nickel jumped 2.1 percent to $18,175 a ton.

World Bank raises forecast for East Asia growth:
The World Bank on Wednesday raised its forecasts for East Asian growth, largely due to a rebound in China driven by aggressive fiscal and monetary stimulus, but warned that a true recovery in the region was not yet at hand.

In a twice-yearly review, the Washington-based development bank revised its projection of 2009 gross domestic product growth in East Asia to 6.7 percent from 5.3 percent and inked growth to 7.8 percent next year.

But stripping out China, the bank reckons the developing economies of East Asia would grow by only 1.1 percent this year, picking up to 4.5 percent next year.

European Markets:
European markets were quoting: FTSE 100 was +0.9%, the CAC 40: +1.5% and the DAX 30: +1.7%

Crude:
Crude was quoting at $80.39 per barrel.

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