ViJiT
Vijith Pujari
Sensex ends 284 pts up Sify Finance Apr 03, 2006 16:30:00
The benchmark indices Sensex and the Nifty recorded one of their most incredible rallies in recent months today as the bulls, who had taken a breather on Friday last, came back strongly this morning and remained busy right through the session.
The US markets had closed on weak note on Friday, but a sharp dip in crude oil prices and firm Asian markets triggered a buying spree on the Indian bourses right at the stroke of the opening bell this morning. And, the momentum never slipped even a wee bit till the end of the session. Expectations of robust results from leading IT players, reports that Reliance Petroleum will come up with a world class refinery facility, impressive sales numbers from automobile majors and hopes of strong liquidity in the form of sustained inflow of funds from international and domestic institutional investors, kept the market upbeat today.
Stocks cutting across sectors and size sizzled today. Within minutes of opening at 11,342.96, a positive gap of 63 points, the Sensex whizzed past the 11,400 mark. And, that was not all. As the session progressed, the barometer gained in strength and zoomed past 11,500, then 11,550 and way beyond to a new high of 11,579.10 as the bulls made a telling presence this afternoon. Finally, the barometer settled at 11,564.36, recording a massive gain of 284.40 points or 2.52%.
On the National Stock Exchange, the 50 stock Nifty index, which peaked to a new lifetime high of 3478.25, ended with a 2.08% or 70.75 points gain at 3473.30.
IT stocks, led by bellwether Infosys Technologies (up 5.45% to Rs 3143.25), turned in a sterling performance today. Satyam Computers notched up a handsome gain of 3.9%. Tata Consultancy Services moved up by a sharp margin of 1.75% while Wipro, which remained relatively subdued today, ended up with a modest gain of around half a per cent.
Reliance Industries, which played a key role in lifting the Sensex to higher levels this morning, remained firm right through the day to end with an impressive 4.15% gain at Rs 829.25, a few rupees off its intra-day high of Rs 835. FMCG heavyweight Hindustan Lever firmed up 2.65% to Rs 279.40. ITC recorded a gain of 2.15%.
Automobile stocks led by Maruti Udyog (4.3%), Tata Motors (4.25%), Bajaj Auto (2.75%) and Hero Honda (0.6%) had a profitable outing thanks to robust sales figures.
Grasim Industries (4.25%), Cipla (3.75%), Gujarat Ambuja Cements (2.95%), ICICI Bank (2.55%), Larsen & Toubro (2.4%), Bharti Tele-Ventures (2.1%), BHEL (2.3%), Ranbaxy Laboratories (1.95%), Dr. Reddy's Laboratories (1.9%), ACC (1.75%) and State Bank of India (1.6%) finished on a high note. Hindalco, Tata Steel, Tata Power, NTPC, ONGC and Reliance Energy also closed with notable gains.
Housing finance major HDFC and private sector bank stock HDFC Bank, missed out on the rally and ended on a flat note today. Punjab National Bank and GAIL India were the ones that failed to make a headway in the Nifty index today.
Oriental Bank of Commerce, Shipping Corporation of India, VSNL and Tata Tea closed with modest gains. Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Dabur India, Sun Pharmaceuticals, Nalco, Jet Airways, GlaxoSmithKline, Mahindra & Mahindra, Tata Chemicals, ABB, IPCL, Zee Telefilms, MTNL and SAIL ended sharply higher.
With a splendid gain of 3.59%, the BSE IT easily outperformed all the indices today. The teck index recorded a gain of 3.27% thanks to sharp surge in values of IT and media stocks. The Capital goods index moved up by 2.86% while the Auto index surged 2.79%. The healthcare, FMCg and oil & gas indices firmed up by 2.2% - 2.6% while the consumer durables, metal, PSU and the Bankex grew stronger by between 1.2% and 1.7% today.
Thanks to frenzied buying on several midcap and smallcap counters, the Midcap and Smallcap indices climbed up 2.53% and 3.23% respectively. On the National Stock Exchange, the CNX Midcap 200 index rose 2.29% to 4896.80 today.
Sensex components BHEL, Grasim Industries, Tata Steel, Bajaj Auto and Tata Motors hit their new all-time highs today. Among other key stocks to record their new peaks were, Bombay Dyeing, Bannari Amman Sugars, CESC, Exide Industries, IPCL, GHCL, Goodlass Nerolac, Hindustan Zinc, Jain Irrigation, Lakshmi Machine Works, Max India, Lupin, Lok Housing, Prism Cements, Siemens, GlaxoSmithKline, Britannia Industries, EI Hotels, Indian Hotels, Mangalam Cements, Orient Paper, Kesoram Industries, Morarjee Realties, Texmaco, Gulf Oil, United Breweries, Unitech, Sundaram Clayton, Areva, Financial Technologies, Upper Ganges Sugars, Jindal Steel, McDowell and Ultratech.
The volume of business came down sharply on the bourses today. At Rs 8,436.23 crore, the turnover on the National Stock Exchange was far lower than the incredible figure of Rs 17,315.06 crore, the exchange had clocked on Friday last.
With investors showing no interest in booking profits, stocks across the board held on to their gains. As a result, the market breadth remained pretty strong when the session ended today. On BSE, out of 2580 stocks traded today, as many as 2185 stocks finished on the positive side. 350 stocks closed on a negative note while 45 stocks settled around their previous closing levels.
Domestic Market Reports
Sensex ends 284 pts up 03 Apr, 2006
Sensex sails past 11,550 @ 15:00 hrs 03 Apr, 2006
Sensex races past 11,500 @ 14:28 hrs 03 Apr, 2006
Sensex gains 210 pts @ 13:46 hrs 03 Apr, 2006
Sensex nears 11,500 mark @ 12:37 03 Apr, 2006
Sensex gains 167 @ 11:28 hrs 03 Apr, 2006
Sensex rises 140 pts @ 10:19 hrs 03 Apr, 2006
Week ahead: Positive outlook 02 Apr, 2006
Weekly Wrap: Bulls propel Sensex past 11,300 02 Apr, 2006
Pivotals lose buying momentum 01 Apr, 2006
International Market Reports
Nikkei, TOPIX hit multi-year highs 03 Apr, 2006
US stocks end lower 01 Apr, 2006
U.S. stock futures fall 31 Mar, 2006
Nikkei flat as banks rise, but autos fall 31 Mar, 2006
US blue-chip stocks fall 31 Mar, 2006
US stocks gain as techs rally 30 Mar, 2006
Nikkei tops 17,000 30 Mar, 2006
US stock futures signal higher open 29 Mar, 2006
Nikkei hits 5-1/2-year closing high 29 Mar, 2006
US stocks fall 29 Mar, 2006
The benchmark indices Sensex and the Nifty recorded one of their most incredible rallies in recent months today as the bulls, who had taken a breather on Friday last, came back strongly this morning and remained busy right through the session.
The US markets had closed on weak note on Friday, but a sharp dip in crude oil prices and firm Asian markets triggered a buying spree on the Indian bourses right at the stroke of the opening bell this morning. And, the momentum never slipped even a wee bit till the end of the session. Expectations of robust results from leading IT players, reports that Reliance Petroleum will come up with a world class refinery facility, impressive sales numbers from automobile majors and hopes of strong liquidity in the form of sustained inflow of funds from international and domestic institutional investors, kept the market upbeat today.
Stocks cutting across sectors and size sizzled today. Within minutes of opening at 11,342.96, a positive gap of 63 points, the Sensex whizzed past the 11,400 mark. And, that was not all. As the session progressed, the barometer gained in strength and zoomed past 11,500, then 11,550 and way beyond to a new high of 11,579.10 as the bulls made a telling presence this afternoon. Finally, the barometer settled at 11,564.36, recording a massive gain of 284.40 points or 2.52%.
On the National Stock Exchange, the 50 stock Nifty index, which peaked to a new lifetime high of 3478.25, ended with a 2.08% or 70.75 points gain at 3473.30.
IT stocks, led by bellwether Infosys Technologies (up 5.45% to Rs 3143.25), turned in a sterling performance today. Satyam Computers notched up a handsome gain of 3.9%. Tata Consultancy Services moved up by a sharp margin of 1.75% while Wipro, which remained relatively subdued today, ended up with a modest gain of around half a per cent.
Reliance Industries, which played a key role in lifting the Sensex to higher levels this morning, remained firm right through the day to end with an impressive 4.15% gain at Rs 829.25, a few rupees off its intra-day high of Rs 835. FMCG heavyweight Hindustan Lever firmed up 2.65% to Rs 279.40. ITC recorded a gain of 2.15%.
Automobile stocks led by Maruti Udyog (4.3%), Tata Motors (4.25%), Bajaj Auto (2.75%) and Hero Honda (0.6%) had a profitable outing thanks to robust sales figures.
Grasim Industries (4.25%), Cipla (3.75%), Gujarat Ambuja Cements (2.95%), ICICI Bank (2.55%), Larsen & Toubro (2.4%), Bharti Tele-Ventures (2.1%), BHEL (2.3%), Ranbaxy Laboratories (1.95%), Dr. Reddy's Laboratories (1.9%), ACC (1.75%) and State Bank of India (1.6%) finished on a high note. Hindalco, Tata Steel, Tata Power, NTPC, ONGC and Reliance Energy also closed with notable gains.
Housing finance major HDFC and private sector bank stock HDFC Bank, missed out on the rally and ended on a flat note today. Punjab National Bank and GAIL India were the ones that failed to make a headway in the Nifty index today.
Oriental Bank of Commerce, Shipping Corporation of India, VSNL and Tata Tea closed with modest gains. Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Dabur India, Sun Pharmaceuticals, Nalco, Jet Airways, GlaxoSmithKline, Mahindra & Mahindra, Tata Chemicals, ABB, IPCL, Zee Telefilms, MTNL and SAIL ended sharply higher.
With a splendid gain of 3.59%, the BSE IT easily outperformed all the indices today. The teck index recorded a gain of 3.27% thanks to sharp surge in values of IT and media stocks. The Capital goods index moved up by 2.86% while the Auto index surged 2.79%. The healthcare, FMCg and oil & gas indices firmed up by 2.2% - 2.6% while the consumer durables, metal, PSU and the Bankex grew stronger by between 1.2% and 1.7% today.
Thanks to frenzied buying on several midcap and smallcap counters, the Midcap and Smallcap indices climbed up 2.53% and 3.23% respectively. On the National Stock Exchange, the CNX Midcap 200 index rose 2.29% to 4896.80 today.
Sensex components BHEL, Grasim Industries, Tata Steel, Bajaj Auto and Tata Motors hit their new all-time highs today. Among other key stocks to record their new peaks were, Bombay Dyeing, Bannari Amman Sugars, CESC, Exide Industries, IPCL, GHCL, Goodlass Nerolac, Hindustan Zinc, Jain Irrigation, Lakshmi Machine Works, Max India, Lupin, Lok Housing, Prism Cements, Siemens, GlaxoSmithKline, Britannia Industries, EI Hotels, Indian Hotels, Mangalam Cements, Orient Paper, Kesoram Industries, Morarjee Realties, Texmaco, Gulf Oil, United Breweries, Unitech, Sundaram Clayton, Areva, Financial Technologies, Upper Ganges Sugars, Jindal Steel, McDowell and Ultratech.
The volume of business came down sharply on the bourses today. At Rs 8,436.23 crore, the turnover on the National Stock Exchange was far lower than the incredible figure of Rs 17,315.06 crore, the exchange had clocked on Friday last.
With investors showing no interest in booking profits, stocks across the board held on to their gains. As a result, the market breadth remained pretty strong when the session ended today. On BSE, out of 2580 stocks traded today, as many as 2185 stocks finished on the positive side. 350 stocks closed on a negative note while 45 stocks settled around their previous closing levels.
Domestic Market Reports
Sensex ends 284 pts up 03 Apr, 2006
Sensex sails past 11,550 @ 15:00 hrs 03 Apr, 2006
Sensex races past 11,500 @ 14:28 hrs 03 Apr, 2006
Sensex gains 210 pts @ 13:46 hrs 03 Apr, 2006
Sensex nears 11,500 mark @ 12:37 03 Apr, 2006
Sensex gains 167 @ 11:28 hrs 03 Apr, 2006
Sensex rises 140 pts @ 10:19 hrs 03 Apr, 2006
Week ahead: Positive outlook 02 Apr, 2006
Weekly Wrap: Bulls propel Sensex past 11,300 02 Apr, 2006
Pivotals lose buying momentum 01 Apr, 2006
International Market Reports
Nikkei, TOPIX hit multi-year highs 03 Apr, 2006
US stocks end lower 01 Apr, 2006
U.S. stock futures fall 31 Mar, 2006
Nikkei flat as banks rise, but autos fall 31 Mar, 2006
US blue-chip stocks fall 31 Mar, 2006
US stocks gain as techs rally 30 Mar, 2006
Nikkei tops 17,000 30 Mar, 2006
US stock futures signal higher open 29 Mar, 2006
Nikkei hits 5-1/2-year closing high 29 Mar, 2006
US stocks fall 29 Mar, 2006