Sensex, Nifty scale lifetime closing highs
Market gained further ground today, following strong buying support for the index pivotals.Sensex finished 58 points or 0.45% higher to 13,091.12. The BSE Sensex surged to an all time high of 13137.74 while its low was at 13014.65The S&P CNX Nifty rose 24.15 points or 0.64% to 3791.20, a lifetime closing high
Market breadth, which was positive throughout the day, turned negative in the fag end of the trading session, on selling pressure for small and midcap stocks. On BSE, 1209 shares advanced, 1309 declined, and 70 stayed unchanged.
The total turnover on BSE amounted to Rs 3974.23 crore, which was lower than Wednesday’s turnover of Rs 4114 crore.Among the Sensex pack, 17 advanced while the rest declined.
PSU oil exploration major ONGC was the top gainer, up 3.87% to Rs 835.10 on 4.97 lakh shares. It moved in a range of Rs 806 to Rs 842. As per reports, the company plans joint ventures with Russian oil companies to acquire oil and gas assets. The joint ventures would look for properties in Russia and other countries but not India.
Bajaj Auto advanced 2.11% to Rs 2800. The stock staged a smart recovery after sliding to a low of Rs 2728.Maruti Udyog rose 1.74% to Rs 979 on 3.70 lakh shares. It’s 52-week high is at Rs 991.40, struck on 03 October 2006.
Index heavyweight Reliance Industries (RIL) gained 0.89% to Rs 1275.40 on 16.16 lakh shares. It pared gains after advancing to a lifetime high of Rs 1298.50 in fag hours of day’s trading hours. The stock had surged over 3% on Wednesday after it doubled its natural gas output estimate from deep-sea fields to 80 million cubic metres a day. RIL has a huge 11.6% weightage in Sensex.
Drug maker Dr Reddy’s Laboratories rose 1.28% to Rs 761 on 1.67 lakh shares while housing finance major, HDFC rose 1.39% to Rs 1448 on 1.13 lakh shares.
Satyam Computers was the top loser, down 1.78% to Rs 427.15 on 4.48 lakh shares. Other frontline IT shares, Infosys (down 0.89% to Rs 2085), Wipro (down 0.69% to Rs 533.50) and TCS (down 0.21% to Rs 1080) slipped.
Tata Motors slipped 0.10% to Rs 828.40, after surging to a high of Rs 845. Its October total sales rose 5.6% to 43,540 units from 41,219 units. October CV sales rose 18.6% to 23,354 units (19,700 units) while October passenger car exports declined to 3,460 units from 4,433 units in the previous year.
Reliance Industries (RIL) was the top traded counter on BSE with turnover of Rs 207.14 crore.Indiabulls Financial Services was the second most top traded counter, with turnover of Rs 199.82 crore. The stock surged 7% to Rs 473 on high volumes of 42.43 lakh shares. It had surged to a high of Rs 485.70 in afternoon trades.
Among the side counters, Simplex Casting (up 20% to Rs 54), Elecon Engineering (up 15.16% to Rs 307.70), Kalyani Steel (up 10.53% to Rs 412), Ankur Drugs (up 10% to Rs 163.15), KPIT Cummins (up 10.33% to Rs 628.10) and HEG (up 12.94% to Rs 166.65) surged.
Cera Sanitary (down 8.51% to Rs 128), Panacea Biotech (down 7.15% to Rs 374), SEAMEC (down 4.52% to Rs 177.50), Mc Dowell (down 5% to Rs 770.15), Lok Housing (down 5% to Rs 343.90), Shaw Wallace (down 4.83% to Rs 154.74) and Dynamatic Technologies (down 5% to Rs 990) declined.
Refinery shares edged higher on renewed buying, as crude prices remained low. Nymex crude was hovering at $58.49 a barrel, off sharply from a record high of above $78 it had reached in mid-July 2006. HPCL gained 0.73% to Rs 330.80, Indian Oil Corporation rose 1.69% to Rs 525and BPCL rose 1% to Rs 413.
Ashok Leyland was down 0.57% to Rs 43.50 on volumes of 19.61 lakh shares of which 10.50 lakh came through a block deal at Rs 43.75 per share by 11:19 IST.
Truck maker Eicher Motors lost 1.48% to Rs 362 after its October commercial vehicle sales in India rose 19% to 2,399 vehicles from the year ago. The company’s total sales stood at 2,476 vehicles.
Pipe maker PSL surged 7.63% to Rs 219.95 after it bagged over $ 20 million contract from Oman to supply pre-coated pipes.
Diamond jewellery maker Classic Diamonds rose 2.86% to Rs 469 after the company said on Wednesday its board would meet on Nov. 9 to consider a 5-for-1 stock split. The board would also consider raising funds for overseas acquisitions. It had surged to a high of Rs 498 in early trades.
Essar Steel advanced 2.55% to Rs 40.20 after it raised galvanised steel prices by Rs 1,000 per tonne, effective from 01 November.
Sakthi Sugars slipped 0.57% to Rs 131 after it acquired the entire capital of Chennai-based, unlisted Tilan Sugar for Rs 5 crore. Tilan does not have any production facility, the company said in a statement.
The Nikkei average fell 0.15% on Thursday as growing concern about a slowdown in the U.S. economy led declines in blue-chip exporters such as Advantest Corp and Canon Inc. The Nikkei 225 index slipped 25.24 points to 16,350.02. The Hang Seng index rose 1.42% or 261.13 points to 18714.78.As per provisional data FIIs, bought shares worth a net Rs 83 crore on Wednesday 1 November, the day when Sensex had risen 71 points. They were net buyers to the tune of Rs 402 crore in index-based futures on that day. They were net buyers to the tune of Rs 74 crore in individual stock futures on that day.
US blue chips fell for a fourth day on Wednesday after a report showed manufacturing growth slowed to a near standstill, raising concerns the economy won't expand at a pace strong enough to support robust corporate profits. The Dow Jones industrial average fell 49.71 points, or 0.41% to end at 12,031.02. The Nasdaq Composite Index slid 32.36 points, or 1.37% to close at 2,334.35.
US light crude futures were up six cents at $58.77 a barrel on Thursday. US inventory data showed decline in fuel stocks in the world's top consumer despite rising refinery throughput.
Market breadth, which was positive throughout the day, turned negative in the fag end of the trading session, on selling pressure for small and midcap stocks. On BSE, 1209 shares advanced, 1309 declined, and 70 stayed unchanged.
The total turnover on BSE amounted to Rs 3974.23 crore, which was lower than Wednesday’s turnover of Rs 4114 crore.Among the Sensex pack, 17 advanced while the rest declined.
PSU oil exploration major ONGC was the top gainer, up 3.87% to Rs 835.10 on 4.97 lakh shares. It moved in a range of Rs 806 to Rs 842. As per reports, the company plans joint ventures with Russian oil companies to acquire oil and gas assets. The joint ventures would look for properties in Russia and other countries but not India.
Bajaj Auto advanced 2.11% to Rs 2800. The stock staged a smart recovery after sliding to a low of Rs 2728.Maruti Udyog rose 1.74% to Rs 979 on 3.70 lakh shares. It’s 52-week high is at Rs 991.40, struck on 03 October 2006.
Index heavyweight Reliance Industries (RIL) gained 0.89% to Rs 1275.40 on 16.16 lakh shares. It pared gains after advancing to a lifetime high of Rs 1298.50 in fag hours of day’s trading hours. The stock had surged over 3% on Wednesday after it doubled its natural gas output estimate from deep-sea fields to 80 million cubic metres a day. RIL has a huge 11.6% weightage in Sensex.
Drug maker Dr Reddy’s Laboratories rose 1.28% to Rs 761 on 1.67 lakh shares while housing finance major, HDFC rose 1.39% to Rs 1448 on 1.13 lakh shares.
Satyam Computers was the top loser, down 1.78% to Rs 427.15 on 4.48 lakh shares. Other frontline IT shares, Infosys (down 0.89% to Rs 2085), Wipro (down 0.69% to Rs 533.50) and TCS (down 0.21% to Rs 1080) slipped.
Tata Motors slipped 0.10% to Rs 828.40, after surging to a high of Rs 845. Its October total sales rose 5.6% to 43,540 units from 41,219 units. October CV sales rose 18.6% to 23,354 units (19,700 units) while October passenger car exports declined to 3,460 units from 4,433 units in the previous year.
Reliance Industries (RIL) was the top traded counter on BSE with turnover of Rs 207.14 crore.Indiabulls Financial Services was the second most top traded counter, with turnover of Rs 199.82 crore. The stock surged 7% to Rs 473 on high volumes of 42.43 lakh shares. It had surged to a high of Rs 485.70 in afternoon trades.
Among the side counters, Simplex Casting (up 20% to Rs 54), Elecon Engineering (up 15.16% to Rs 307.70), Kalyani Steel (up 10.53% to Rs 412), Ankur Drugs (up 10% to Rs 163.15), KPIT Cummins (up 10.33% to Rs 628.10) and HEG (up 12.94% to Rs 166.65) surged.
Cera Sanitary (down 8.51% to Rs 128), Panacea Biotech (down 7.15% to Rs 374), SEAMEC (down 4.52% to Rs 177.50), Mc Dowell (down 5% to Rs 770.15), Lok Housing (down 5% to Rs 343.90), Shaw Wallace (down 4.83% to Rs 154.74) and Dynamatic Technologies (down 5% to Rs 990) declined.
Refinery shares edged higher on renewed buying, as crude prices remained low. Nymex crude was hovering at $58.49 a barrel, off sharply from a record high of above $78 it had reached in mid-July 2006. HPCL gained 0.73% to Rs 330.80, Indian Oil Corporation rose 1.69% to Rs 525and BPCL rose 1% to Rs 413.
Ashok Leyland was down 0.57% to Rs 43.50 on volumes of 19.61 lakh shares of which 10.50 lakh came through a block deal at Rs 43.75 per share by 11:19 IST.
Truck maker Eicher Motors lost 1.48% to Rs 362 after its October commercial vehicle sales in India rose 19% to 2,399 vehicles from the year ago. The company’s total sales stood at 2,476 vehicles.
Pipe maker PSL surged 7.63% to Rs 219.95 after it bagged over $ 20 million contract from Oman to supply pre-coated pipes.
Diamond jewellery maker Classic Diamonds rose 2.86% to Rs 469 after the company said on Wednesday its board would meet on Nov. 9 to consider a 5-for-1 stock split. The board would also consider raising funds for overseas acquisitions. It had surged to a high of Rs 498 in early trades.
Essar Steel advanced 2.55% to Rs 40.20 after it raised galvanised steel prices by Rs 1,000 per tonne, effective from 01 November.
Sakthi Sugars slipped 0.57% to Rs 131 after it acquired the entire capital of Chennai-based, unlisted Tilan Sugar for Rs 5 crore. Tilan does not have any production facility, the company said in a statement.
The Nikkei average fell 0.15% on Thursday as growing concern about a slowdown in the U.S. economy led declines in blue-chip exporters such as Advantest Corp and Canon Inc. The Nikkei 225 index slipped 25.24 points to 16,350.02. The Hang Seng index rose 1.42% or 261.13 points to 18714.78.As per provisional data FIIs, bought shares worth a net Rs 83 crore on Wednesday 1 November, the day when Sensex had risen 71 points. They were net buyers to the tune of Rs 402 crore in index-based futures on that day. They were net buyers to the tune of Rs 74 crore in individual stock futures on that day.
US blue chips fell for a fourth day on Wednesday after a report showed manufacturing growth slowed to a near standstill, raising concerns the economy won't expand at a pace strong enough to support robust corporate profits. The Dow Jones industrial average fell 49.71 points, or 0.41% to end at 12,031.02. The Nasdaq Composite Index slid 32.36 points, or 1.37% to close at 2,334.35.
US light crude futures were up six cents at $58.77 a barrel on Thursday. US inventory data showed decline in fuel stocks in the world's top consumer despite rising refinery throughput.
posted by SY at 5:47 PM
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