Wednesday, August 5, 2009

TODAYS NICE MARKET 05.08.2009

AND

MADE FULL EFFORTS TO PULL MARKET

The Sensex opened 52 points higher and soon touched a high of 15,973, up 143 points. The index, however, slipped into red and touched a low of 15,695, down 278 points from day's high, owing to follow-up selling. LateR in the day, the Sensex rebounded and finally settled at15,903, up 72 points. The NSE Niftyclosed at 4,694, up 13 points. In theprocess, the BSE index today ended near its highest close so far this year. The index recorded its highest closing for this year at 15,924 this Monday, up 65% from its close on Dec 31, 2008.Similarly, other sectoral indiceshave also posted smart gains from year-till-period. The Metal and Autoindices have out-performed theSensex by a wide margin. The BSEMetal index soared 145.82% from its close on Dec 31, 2008, backed by surge in base metal prices. The BSE Auto index zoomed 145.71% fromits close on last year end, backed by strong sets of numbers in the first quarter

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