Tuesday, February 9, 2010

MARKET ENDED 09 .02.2010 TUESDAY





MARKET ENDED 09.02.2010 TUESDAY

SENSEX 16042.18 +106.57

NIFTY 4792.65 +32.25

NASDAQ 2126.05 -15.07

DJIA 9908.39 -103.84

RS/$ 46.81 - 0.56

TODAY NIFTY GAINERS

StridesArcoL 309.90+ 13.06

Ashco Indus 1.30+ 13.04

SuRajDiamond 51.70+ 11.06

H M T Ltd. 90.75+ 11.01

Gati 61.10+ 10.29

The BSE Sensex climbed 0.7 percent on Tuesday, stretching gains for a third day, as European and Asian markets saw some respite but the outlook remained clouded by uncertainties.
Export-focused outsourcers such as bellwether Infosys Technologies, bigger rival Tata Consultancy Services and No. 3 Wipro led the rise on a view their recent fall was overdone.
India's economy is picking up momentum and industrial output in December is expected to have climbed an annual 12 percent, a Reuters poll showed. The data is due on Friday.
The BSE index closed up 0.67 percent, or 106.57 points, at 16,042.18, after seesawing in early trade. Nineteen of its components advanced.

The NSE index closed 0.7 percent higher at 4,792.65 up 32.25.

Grasim (4.66%), Cairn (3.40%), ACC (3.23%), Ambuja Cement (3.17%) and Wipro (2.94%) were amongst the top Nifty gainers.
Foreign funds have pulled out $1.7 billion over the past 10 sessions, pushing the main index down 8 percent this year.
Infosys rose 2.9 percent and Tata Consultancy Services and Wipro climbed 1.4 percent and 2.5 percent respectively.
Wipro and TCS have lost nearly 4 and 2.1 percent respectively.
Top mobile operator Bharti Airtel extended Monday's rise, adding 1.8 percent to 313.80 rupees as investors chased beaten down sectors.
Banks rose on positive long-term outlook. Private-sector lenders ICICI Bank and HDFC Bank climbed 0.7 percent and 0.3 percent respectively.
Top lender State Bank of India rose 0.8 percent.
Non-ferrous metals producer Sterlite Industries rose 0.7 percent to 757.55 rupees, as copper prices climbed 1 percent.
In the broader market, gainers outpaced losers in a ratio of 1.2:1 on volume of 341 million shares, less than last week's daily average of 394 million shares.
The FTS Eurofirst 300 index of top European shares was up 0.2 percent by 1016 GMT while MSCI's measure of Asian markets other than Japan rose nearly 1 percent.

STOCKS THAT MOVED

Larsen & Toubro rose 1.2 percent to 1,462.25 rupees
Jet Airways rose 2.4 percent to 485.05 rupees.
Strides Arcolab climbed 13.3 percent to 310.50 rupees

European markets were in the green led by gains in banks and commodities. FTSE 100 was up 0.58 per cent, CAC 40 gained 0.28 per cent and DAX moved 0.47 per cent higher.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

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