Monday, November 16, 2009

MARKET VIEW 16.11.2009




Equities ended on a firm note on Monday on the back of positive global markets. The upmove was led by gains in auto, realty and metal sectors. Bombay Stock Exchange’s Sensex closed at 17011.67. The 30-share index hit a high of 17083.20 and low of 16893.11. National Stock Exchange’s Nifty ended at 5050.90, up 51.95 points or 1.04 per cent. The broader index hit a high of 5073.20 and low of 4994. BSE Midcap Index gained 1.36 per cent and BSE Smallcap Index moved 1.31 per cent higher. Amongst the sectoral indices, BSE Realty Index moved 3 per cent up, BSE Auto Index surged 2.88 per cent and BSE Metal Index advanced 2.20 per cent. BSE IT Index was down 0.24 per cent. Maruti Suzuki (5.08%), DLF (4.37%), Hero Honda (3.85%), Sterlite Industries (3.21%) and Reliance Communications (2.76%) were amongst the Sensex gainers. TCS (-0.78%), Infosys Technologies (-0.22%), NTPC (-0.16%), HDFC (-0.13%), HDFC Bank (-0.03%) and BHEL (-0.02%) were the only index losers. Market breadth was positive on the BSE with 1727 advances and 1041 declines

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