Thursday, July 17, 2008

POST-Market Commentary- Thursday, July 17, 2008

Sensex ends up 536pts; HDFC zooms 10%

The Sensex opened with a positive gap of 334 points at 12,910 on the back of bullish cues from the global markets. The index retreated a bit to a low of 12,844, but soon bounced back to higher levels on the back of renewed buying interest in beaten down stocks.

The index rallied to a high of 13,150, and finally ended with a gain of 536 points at 13,112.

The market breadth was fairly positive - out of 2,689 stocks traded, 1,529 advanced, 1,088 declined and 72 were unchanged today.

The NSE Nifty surged 130 points to settle at 3,947.

INDEX MOVERS...

HDFC zoomed 9.8% to Rs 1,889. Maruti soared 9.5% to Rs 600.

Jaiprakash Associates surged over 9% to Rs 149. DLF gained 8.5% at Rs 427.

SBI rallied 7.8% to Rs 1,227, and Larsen & Toubro moved up 7.5% to Rs 2,440.

TCS surged over 7% to Rs 779. ICICI Bank and HDFC Bank rallied 6% each to Rs 551 and Rs 958, respectively.

Reliance Infrastructure moved up 5.4% to Rs 807. BHEL and Satyam added 5% each to Rs 1,453 and Rs 414, respectively.

ACC and Reliance Communications gained 4.7% each at Rs 539 and Rs 418, respectively. ONGC added 4.3% to Rs 904.

Mahindra & Mahindra and Tata Motors advanced over 4% each to Rs 514 and Rs 412, respectively.

Reliance moved up 3.6% to Rs 2,016. ITC was up over 3% at Rs 167, and Bharti Airtel added 2.5% to Rs 749.

Wipro, Infosys, Hindustan Unilever and Hindalco were up around 2% each at Rs 380, Rs 1,583, Rs 220 and Rs 140, respectively.

...AND THE SHAKERS

Ranbaxy shed 4% at Rs 452. Tata Steel dropped 3% to Rs 607.

VALUE & VOLUME TOPPERS

Ranbaxy topped the value chart with a turnover of Rs 316.55 crore followed by Reliance Petroleum (Rs 289.50 crore), Reliance Capital (Rs 243.354 crore), Reliance (Rs 221.50 crore) and Larsen & Toubro (Rs 176.70 crore).

Reliance Petroleum led the volume chart with trades of around 1.92 crore shares followed by Reliance Natural Resources (1.56 crore), IFCI (1.45 crore), Ispat Industries (1.05 crore) and Chambal Fertilisers (89.55 lakh).

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