makin97 NSETIPS @ RAKESH MAKIN: MARKET ENDED 07.09.2010 TUESDAY

Tuesday, September 7, 2010

MARKET ENDED 07.09.2010 TUESDAY

WERE TODAYS SENSEX GAINERS

MARKET ENDED 07.09.2010 TUESDAY

SENSEX 18645.06 +85.01

NIFTY 5604.00 +27.05

NASDAQ 2141.54 +17.78

DJIA 10060.06 +19.61

RS/$ 46.79 -00.14

Indian equities advanced further Tuesday, even as Asian and European markets fell and US futures eased after the central banks of Japan and Australia said the US growth outlook is deteriorating.

Capital goods scored over all others, with the respective BSE index gaining 1.25 per cent. IT stocks followed by adding 1 per cent to the BSE IT Index.

The BSE benchmark Sensex on Tuesday rose by 85 points to touch a fresh 31-month high on sustained buying by funds in mainline stocks, particularly Reliance Industries

The 30-share Sensex, which had gained over 338 points in the previous session, added another 85.01 points to close at 18,645.06, the highest closing since February, 2008.
The National Stock Exchange index Nifty also breached 5,600-point level by rising 27.05 points to end the day at 5,604.00.
The upsurge in the market was supported by reports of higher direct tax collection by 14 per cent in the first five months of this fiscal.
Trading sentiment also got a boost from reports of the US proposing to spend USD 50 billion to bolster its economy which is expected to help the domestic firms.
Market leader Reliance Industries, gained Rs 8.65 at Rs 961.85.

Top gainers among the Sensex stocks were ACC (6.20%), Larsen & Toubro (2.42%), Tata Consultancy Services (1.75%), Jaiprakash Associates (1.54%), Jindal Steel (1.45%), NTPC (1.22%), Maruti Suzuki (0.98%), Infosys Technologies (0.79%), Reliance Industries (0.64%).

Losers included State Bank of India (-1.18%), Hindustan Unilever (-0.90%), Mahindra & Mahindra (-0.81%), ICICI Bank (-0.73%), HDFC (-0.68%), HDFC Bank (-0.62%), Tata Power (-0.62%), DLF (-0.58%), BHEL (-0.55%).

IT stock Infosys Technologies spurted by Rs 24.05 to Rs 2,8555.

In 30 BSE components, 18 stocks closed with 12 ending with losses.