Markets shine today
It was extremely good day for the market wherein it opened with heavy gap up today on the back of strong global cues. US markets ended higher as the Fed kept the interest rates unchanged at 5.25%. Even the Asian indices closed in green.
The markets proceeded to trade higher and gained momentum on account of heavy buying seen across the sectors.The midcap and smallcap indices also ended higher but underperformed the broader markets.
Sensex closed up 362.15 points or 2.80% at 13308.03, and the Nifty up 111.35 points or 2.96% at 3875.9.
Banks extended Wednesday’s gains. HDFC Bank gained 5.8% to Rs 1022 and ICICI Bank rose 3% to Rs 987. Buying also happened in PSU banks. State Bank of India rose 4% to Rs 1024, Bank of India gained 11% to Rs 174, Canara Bank surged 7.5% to Rs 207 and Punjab National Bank added 7%, to Rs 485.
Oil exploration major ONGC surged nearly 5% to Rs 853.Car major Maruti Udyog (MUL) gained 4.8% to Rs 830.50, Hero Honda advanced 4.9% to Rs 683, Tata Motors gained 3% to Rs 801, and Bajaj Auto rose 3% to Rs 2576. Mahindra & Mahindra rose 3.4% to Rs 781, after the company on Wednesday set a liberal interim dividend of Rs 7.50 per share for FY 2007.
Bhel (up 6% to Rs 2231) was the to-gainer among Sensex constituents. The company is set to unveil its tentative FY 2007 (year ending 31 March 2007) results on 3 April 2007.
Engineering & construction major L&T surged 5% to Rs 1579. The company is sitting on a strong order-book.
Reliance Industries (RIL) gained nearly 3% to Rs 1378. But caution prevailed in cement shares. Grasim lost 1.2% to Rs 2080 and ACC shed 0.07% to Rs 752. Cement makers have reportedly turned down a request by the government to cut prices. A meeting was held today between the Finance Minister and cement makers, as the government wants cement makers to moderate prices in its efforts to combat inflation.
The markets proceeded to trade higher and gained momentum on account of heavy buying seen across the sectors.The midcap and smallcap indices also ended higher but underperformed the broader markets.
Sensex closed up 362.15 points or 2.80% at 13308.03, and the Nifty up 111.35 points or 2.96% at 3875.9.
Banks extended Wednesday’s gains. HDFC Bank gained 5.8% to Rs 1022 and ICICI Bank rose 3% to Rs 987. Buying also happened in PSU banks. State Bank of India rose 4% to Rs 1024, Bank of India gained 11% to Rs 174, Canara Bank surged 7.5% to Rs 207 and Punjab National Bank added 7%, to Rs 485.
Oil exploration major ONGC surged nearly 5% to Rs 853.Car major Maruti Udyog (MUL) gained 4.8% to Rs 830.50, Hero Honda advanced 4.9% to Rs 683, Tata Motors gained 3% to Rs 801, and Bajaj Auto rose 3% to Rs 2576. Mahindra & Mahindra rose 3.4% to Rs 781, after the company on Wednesday set a liberal interim dividend of Rs 7.50 per share for FY 2007.
Bhel (up 6% to Rs 2231) was the to-gainer among Sensex constituents. The company is set to unveil its tentative FY 2007 (year ending 31 March 2007) results on 3 April 2007.
Engineering & construction major L&T surged 5% to Rs 1579. The company is sitting on a strong order-book.
Reliance Industries (RIL) gained nearly 3% to Rs 1378. But caution prevailed in cement shares. Grasim lost 1.2% to Rs 2080 and ACC shed 0.07% to Rs 752. Cement makers have reportedly turned down a request by the government to cut prices. A meeting was held today between the Finance Minister and cement makers, as the government wants cement makers to moderate prices in its efforts to combat inflation.
Labels: Nifty.Sensex
posted by SY at 5:09 PM
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