Biggest ever single day rally in Sensex
Sensex registered its biggest intra-day absolute gains on the back of strong global cues and huge gains in index heavyweights Reliance Industries and ICICI Bank. Banking, oil & gas, IT and metal stocks were star performers. Essar Oil surged. Fertiliser stocks were in demand. Market breadth was strong.
The 30-share BSE Sensex provisionally ended up 917.66 points or 4.82% to 19,953.14. At day’s high of 19,987.71, Sensex gained 952.23 points, its biggest ever single day rise.The broader CNX S&P Nifty gained 243.35 points or 4.27% to 5938.75.
Index heavyweight Reliance Industries (RIL) soared 7.02% to Rs 2885 and ICICI Bank spurted 10.53% to Rs 1300.
HDFC Bank surged 10.55% to Rs 1747, Hindalco Industries moved up 7.37% to Rs 218.35, Wipro spurted 7.12% to Rs 472.45, Housing Development Finance Corporation (HDFC) moved up 5.98% to Rs 2742.15.
Essar Oil surged 58% to Rs 139.90 on huge volumes of 1.88 crore shares on BSE. The company and RIL have reportedly increased petrol and diesel prices by Rs 4.50 to Rs 5 per litre. As the international crude oil prices are hovering around the $100 a barrel mark, oil companies in the country are finding it difficult to maintain the profitability. The private sector fuel retailers will lose market share to the government-owned companies as PSUs sell at a lesser price.
Fertiliser stocks soared on reports that the government will issue bonds worth Rs 7500 crore to fertiliser firms by end-November 2007 to compensate them for selling the commodity at discounted prices. Rashtriya Chemicals and Fertilisers soared 20% to Rs 72.10, Fertilisers and Chemicals Travancore spurted 10% to Rs 35.85, National Fertilizers soared 10% to Rs 76.10 and Mangalore Chemicals & Fertilisers jumped 8.59% to Rs 41.10.
As per provisional data, FIIs sold shares worth a net Rs 332.84 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 264.15 crore on Tuesday, 13 November 2007.
The 30-share BSE Sensex provisionally ended up 917.66 points or 4.82% to 19,953.14. At day’s high of 19,987.71, Sensex gained 952.23 points, its biggest ever single day rise.The broader CNX S&P Nifty gained 243.35 points or 4.27% to 5938.75.
Index heavyweight Reliance Industries (RIL) soared 7.02% to Rs 2885 and ICICI Bank spurted 10.53% to Rs 1300.
HDFC Bank surged 10.55% to Rs 1747, Hindalco Industries moved up 7.37% to Rs 218.35, Wipro spurted 7.12% to Rs 472.45, Housing Development Finance Corporation (HDFC) moved up 5.98% to Rs 2742.15.
Essar Oil surged 58% to Rs 139.90 on huge volumes of 1.88 crore shares on BSE. The company and RIL have reportedly increased petrol and diesel prices by Rs 4.50 to Rs 5 per litre. As the international crude oil prices are hovering around the $100 a barrel mark, oil companies in the country are finding it difficult to maintain the profitability. The private sector fuel retailers will lose market share to the government-owned companies as PSUs sell at a lesser price.
Fertiliser stocks soared on reports that the government will issue bonds worth Rs 7500 crore to fertiliser firms by end-November 2007 to compensate them for selling the commodity at discounted prices. Rashtriya Chemicals and Fertilisers soared 20% to Rs 72.10, Fertilisers and Chemicals Travancore spurted 10% to Rs 35.85, National Fertilizers soared 10% to Rs 76.10 and Mangalore Chemicals & Fertilisers jumped 8.59% to Rs 41.10.
As per provisional data, FIIs sold shares worth a net Rs 332.84 crore, while domestic institutional investors (DIIs) were net buyers of shares worth Rs 264.15 crore on Tuesday, 13 November 2007.
Labels: Nifty.Sensex
posted by SY at 7:00 PM
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