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Wednesday, July 15, 2009
MARKET VIEW 15 JULY 2009
The Sensex rose for the second consecutive day and
rallied to high of 433 points to close at 14,286, on the
back of the sustained buying witnessed in the front
liners. The index opened at 13,917, up 63 points than its
previous close, after which the markets exhibited
sideways movement.
The index pared gains in the initial hours to slip to an intra-day low of 13,891.
The Sensex however surged after noon and touched a high of 14,299, near day's
end. All the sectoral indices gained smartly. The Realty index continued its
previous rally and soared to 8.5% at 3,243. The Metals, Consumer Durables,
Power and the PSU indices increased nearly 5% each.
The market breadth was extremely positive - out of 2,679 shares traded, 2,035
advanced while only 558 declined.
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