Wednesday 19 September 2007

Indices hit all time high, Sensex above 16K

Today was the biggest single day point gain for Sensex. All time closing high for Sensex, Nifty, Midcap & Small Cap indices. Sensex closed above 16,000 for first time ever. Sensex went up 4.2% or 653 pts at 16322; Nifty went up 4.1% or 186 pts at 4732.


Today was the biggest single day point gain for Sensex. All time closing high for Sensex, Nifty, Midcap & Small Cap indices. Sensex closed above 16,000 for first time ever. Sensex went up 4.2% or 653 pts at 16322; Nifty went up 4.1% or 186 pts at 4732

CNX Midcap Index up 2%, BSE Small-cap Index up 1%. BSE Realty Index went up 5.8%; DLF up 8.6%, Unitech up 4.1%. BSE Oil & Gas Index up 5%; RIL up 5.6% (RIL market cap hits Rs 3 lakh cr), ONGC up 6.25%,

Index Gainers; HDFC up 7.85%, HDFC Bk up 7.6%, SAIL up 7.14%, Bharti up 6.5%
All BSE Sectoral Indices end in the green; up over 1% each. All sugar stocks gain over 20% each on monetary sugar sops to be given in next 8-10 days

NSE Advance Decline ratio was seen at 3:2. Total market turnover at Rs 92568.94 cr Vs Rs 61580.48 cr on Tuesday. F&O Turnover at Rs 68643 cr Vs Rs 45069.25 cr on Tuesday.

Lifetime High
Reliance, DLF, BHEL, SBI, SAIL, RPL, Tata Steel, HDFC, HDFC Bk, Sterlite, Rel Cap

CURRENCY MOVEMENT
Yen appreciates by 2 bps at 115.85; hits intra-day high of 115.64 and low of 116.07
Rupee appreciates by 64 bps at 40.22; hits intra-day high of 40.215 and low of 40.3425

F&O SNAPSHOT
Nifty futures ends at 13 pts premium Vs single digit discount on Tuesday
Nifty futures add 24 lakh Vs 18 lakh shares yesterday in OI
Nifty futures turnover at nearly 35% of total FNO turnover
IVs come down to 20-21%
Fresh longs along with short covering caused the market spurt
Sugars major outperformer for the day
Banks, Realty and Oil & Gas saw fresh long build up which spurred major short covering driving prices further up
IT, Telecom and Auto see major short covering

Fresh Longs:
Sugar: Shree Renuka, Bajaj Hind, Balrampur Chini, and Triveni Engg
Realty/Construction: DLF, Nagarjuna Construction, Purvankara Projects, Unitech, IVRCL Infra, HCC

Oil & Gas: Gail, Cairn
Banks: Bank of Baroda, SBI
Steel: SAIL, Tata Steel, JSW Steel, and Sesa Goa
Misc: 3i Infotech, Gujarat Alkalies, Tech Mah, ITC, Neyveli Lignite

Short Covering
Banks: HDFC Bank, HDFC, Indian Bank, ICICI Bank, Union Bank, Kotak Mah Bank, Yes Bank, Dena Bank
Oil & Gas: RIL,RPL
Auto: Maruti, Tata Motors
Telecom: Bharti Airtel, R Comm
IT: Patni, Rolta, Infosys, TCS
Other Metals: Sterlite, Hindalco, Nalco
Misc: Parsvnath, IDFC,HDIL, IDBI, HUL