India Stock Market: Sensex Up 340.44 Points On Monday

Sensex up 340.44 points on Monday (November 9, 2009)
-Positive global cues help
-4th Consecutive rise
-Bank index moves the most

Sensex rose 340.44 points or 2.1% to 16498.72
Nifty rose 102.25 points or 2.1% to 4898.40
Mid Cap rose 2%. Small Cap rose 2%.
BSE 500 was up 2.1%. Sensex gainers: 25

All 13 BSE Sectoral indices posted gains.
Advancers: 1993, Decliners: 756, Unchanged: 47
Advance/Decline Ratio: 5:2

Sensex Day’s Range: 16517.42 - 16147.21
Nifty Day’s Range: 4905.25 - 4789.90
52-Week Range: 17493.17- 8047.17
52-Week change (%): -5.7%

Sensex moved up on fourth straight day and global stocks rose after the Group of 20 pledged to keep stimulus in place until there was assured recovery, after data showed the U.S. unemployment rate rose to a 26-year high also helped sentiment.

Sensex gainers included State Bank +5.2%, ICICI Bank +4.7%, HDFC Bank +4.1%, ITC +3.9%, Tata Power +3.8%, Reliance Ind +3.5% and Mahindra & Mahindra +3.4%.

Sensex losers included Bharti Airtel -3.9%, Reliance Comm -2.2%, HUL -0.7%, Sterlite Ind -0.5% and Sun Pharma -0.02%.

Bankex rose 4.8% led by Indian Overseas Bank +8.8%, Allahabad Bank +7.5%, Canara Bank +7.1%, Axis Bank +6.6%, Bank of Baroda +5.9% and Federal Bank +5.7%.

Consumer Durables inde shot up 2.2% helped by Blue Star +3.3%, Titan Ind +3%, Rajesh Exports +2.9%, Videocon Ind +0.9% and Gitanjali Gems +0.5%.

Oil & BGas index moved up 2.4% aided by Reliance Ind +3.5%, Essar Oil +3.4%, Cairn India +2.5%, BPCL +1.5%, GAIL +1% and Reliance Natural +1%.

Metal index jumped 2.4% supported by Jai Corp +20% at Rs 216.75, JSW Steel +6.9%, NMDC +6.8%, SAIL +4.8%, Ispat Ind +3.1% and Hindalco +3%.

Realty index climbed 2.2% due to buying in Sobha Developers +17.8%, Orbit Corp +11.2%, Ansal Properties +3.9%, Omaxe +3.6% and Parsvnath +3.2%.

FMCG index advanced 2.2% led by Godrej Consuer +4%, ITC +3.9%, Dabur India +3.1%, United Spirits +3.1% and Ruchi Soya +2.3%.

Other sectoral movers were: PSU +2.1%, Auto +1.6%, Power +1.4%, Healthcare +1.3%, Capital Goods +1.2%, IT +0.9% and Teck +0.01%.

Turnover:
The market reported total turnover of Rs 94,517.50 crore. This included Rs 15,733.05 crore from the NSE cash segment, Rs 73,802.20 crore from the NSE F&O and the balance Rs 4,982.25 crore from the BSE cash segment.

Most Active:
Suzlon 15.56 million shares, ICICI Bank 15.56 mln shares, Mahindra Satyam 15.48 mln shares, Unitech 13.16 mln shares, IFCI 10.9 mln shares and Ispat Ind 8.14 mln shares

Buzzers:
VXL Instruments +20% at Rs 25.20, Jai Corp +20% at Rs 216.75, HB Estate +19.9% at Rs 48.15, Today’s Writing Pen +19.9% at Rs 29.50, Crew B.O.S. +19.9% at Rs 45.75, Trent (W) +19.9% at Rs 58.15 and Scooters India +19.9% at Rs 24.40.

Heavy Losers:
Shri Bajranj Alloys -11.2% at Rs 24.95, Lakeland Hotels -9.8% at Rs 22, Sterling International -7.3% at Rs 101, Oriental Carbon -7.2% at Rs 61, Mysore Petro -6.1% at Rs 28.65, Mindteck -5.4% at Rs 22.70 and Rungta Irrigation -5.3% at Rs 35.

Midcap Gainers:
Central Bank, Thomas Cook and LIC Housing Finance gained 10.6-15.5%.

Midcap Losers:
Educomp Solutions, Gammon India, Blue Dart and Kesoram Ind fell 2.2-3.6%.

Smallcap Gainers:
KPIT Cummins shot up 17.5%. Oscar Investment, Trent and Orbit Corporation were up 11-12.5%

Midcap Losers:
Gateway Distriparks, KPR Mill, Vindhya Telelink, Banco Products and Sundram lost 3-5%.

State Bank rises 5.2 pct:
State Bank of India rallied 5.2 percent to Rs 2,318.55 after the top lender said it had entered into an agreement with T. Rowe Price to sell a 6.5 percent holding each in UTI Asset Management Company and UTI Trustee Company.

Reliance up 3.5 pct:
Reliance, which has the most weight in the main index, rose 3.5 percent to Rs 2,024.55 after the Economic Times reported it was close to a nearly $6 billion overseas acquisition and the likely target was the assets of bankrupt petrochemicals firm LyondellBasell.

Mahindra Satyam jumps 10.7 pct:
Mahindra Satyam jumped 10.7 percent, its biggest single-day gain in 3-½ months, to Rs 114.45 after the outsourcer’s chief executive said on Sunday the worst was over and it had added 35 clients since mid-April, while it lost just a handful.

Telecom shares fall:
Telecom stocks fell as the sector outlook remained weak after disappointing quarterly results and a deepening price war, analysts said.
Bharti Airtel fell 3.9 percent to Rs 307.50 while rival Reliance Communications was down 2.2 percent at Rs 174.10.

Commodities:
Gold touched an all-time high of $ 1109.54 an ounce in the international markets while it went above the Rs 16,700 per 10 grams on the MCX. Base metals also gained 0.5-1.5%

Asian Markets:
Asian markets closed higher. Hang Seng gained 1.7%. Straits Times and Taiwan Weighted went up 1-1.3%. Shanghai, Jakarta, Nikkei and Kospi were up 0.2-0.5%.

European Markets:
European markets were quoting: FTSE 100 was +1.5%, the CAC 40: +1.7% and the DAX 30: +1.6%

Crude:

Subscribe by RSS Subscribe by Email