Thursday, September 10, 2009

market view 09.09.2009

The NSE Nifty managed to hold on to the 4800 levels for the second
straight trading session on Wednesday. Yet again it was index heavyweight Reliance Industries which provided the required support for the markets. The Key benchmark indices have now extended gains for fourth straight trading session. The Oil & Gas, Bankex, and select Pharma stocks were among the major gainers.
On the other hand, the Realty, Teck and the Auto stocks were under pressure. The BSE Sensex gained 59 points or 0.4% at 16,183 after touching a high of 16,111 and a low of 16,044. The index opened at 16,111 against the previous close of 16,124.
The NSE Nifty surged 11 points to shut shop at 4,817.
INDEX MOVERS... Sensex heavyweight, Reliance, surged 4.5% to Rs 2,172. Metal major Hindalco touched a new high and finally ended up 4% at Rs 120. Jaiprakash Associates added 2% to Rs 238. TCS and Sterlite advanced 1.5% each to Rs 562 and Rs 750. HDFC, HDFC Bank and Tata Power also advanced around 1% each.
...AND SHAKERS
DLF and Bharti Airtel shed 3.5% each to Rs 420 and Rs 410, respectively.Hero Honda slipped 2.5% to Rs 1,628. Wipro and Reliance Communications dropped 1.5% each.
VALUE & VOLUME TOPPERS...
Reliance topped the value chart with a turnover of Rs 1,672 crore. It was followed by DLF (Rs 858 crore), Unitech (Rs 733 crore) and ICICI Bank (Rs 468 crore).
The combined volume chart was topped by IFCI with trades of over 123 million shares, followed by Unitech (64.86 million), NHPC (50.05 million), GVK Power & Infrastructure (43.93 million) and Ispat Industries (41.93 million
).

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