SENSEX
17618.35 +226.35
NIFTY 5345.35 +70.20
USD/INR
0055.39 -00.45
NASDAQ 2928.54 -08.79
GOLD 29517.00 -140.00
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UPDATEDTIME 09.28 PM 10 JULY 2012
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The Sensex on
Tuesday soared 226 points riding on the back of capital goods, FMCG, auto and
banking shares to close at four-month high of 17,618.35 amid strong global cues
after Eurozone finance ministers agreed on a deal to nurse the ailing Spanish
banks back to health.
While the BSE benchmark index was under some pressure in early trade after Asian markets slumped on disappointing Chinese imports data, sentiments quickly changed after reports of EU leaders ratifying the Spanish deal started trickling in.
Steps announced in Brussels, including conditions of a bailout package for Spain's debt-ridden banks, drove stocks in the UK, France and Germany up 1 per cent each.
With 28 scrips of the 30-share index ending higher, the index closed with a gain of 226.37 points or 1.3 per cent. Today's level is highest for Sensex after it closed at 17,675.85 on March 15.
Similarly, the 50-share NSE Nifty rose 70.20 points, or 1.33 per cent to 5,345.35.
"The news from Euro-zone was positive for equities. Bank clearly led the rise. Rupee also recovered sharply.
Snapping a four-day losing string, the rupee was last trading at 55.50 a dollar compared to 55.92 yesterday.
Brokers said auto stocks, including Maruti and Tata Motors, jumped after data showed car sales data in the country grew 8.28 per in June amid a tough market.
Heavyweights ITC, Reliance and Infosys also inched up on hectic fund buying activity, traders said.
Expectations of good results from banks and financial sector also improved the market mood with HDFC Bank, ICICI bank and HDFC shares gaining in the 1-2 per cent range.
While the BSE benchmark index was under some pressure in early trade after Asian markets slumped on disappointing Chinese imports data, sentiments quickly changed after reports of EU leaders ratifying the Spanish deal started trickling in.
Steps announced in Brussels, including conditions of a bailout package for Spain's debt-ridden banks, drove stocks in the UK, France and Germany up 1 per cent each.
With 28 scrips of the 30-share index ending higher, the index closed with a gain of 226.37 points or 1.3 per cent. Today's level is highest for Sensex after it closed at 17,675.85 on March 15.
Similarly, the 50-share NSE Nifty rose 70.20 points, or 1.33 per cent to 5,345.35.
"The news from Euro-zone was positive for equities. Bank clearly led the rise. Rupee also recovered sharply.
Snapping a four-day losing string, the rupee was last trading at 55.50 a dollar compared to 55.92 yesterday.
Brokers said auto stocks, including Maruti and Tata Motors, jumped after data showed car sales data in the country grew 8.28 per in June amid a tough market.
Heavyweights ITC, Reliance and Infosys also inched up on hectic fund buying activity, traders said.
Expectations of good results from banks and financial sector also improved the market mood with HDFC Bank, ICICI bank and HDFC shares gaining in the 1-2 per cent range.
We compiled a list of stocks which
rose over 5 per cent in today's market rally:
1) OnMobile Global Ltd: The stock closed nearly 9 per cent higher at Rs 36.60, even as the company's managing director Arvind Rao resigned.
Arvind Rao, the managing director and chief executive of OnMobile, has resigned after what the company called a 'special review of its corporate governance.
The stock hit an intraday high of Rs 36.95 and a low of Rs 30.90.
2) Punj Lloyd Ltd: Punj Lloyd closed 7.6 per cent higher at Rs 58.70. It hit an intraday high of Rs 59.40 and a low of Rs 54.50.
3) Reliance Communications Ltd: The stock closed 6.5 per cent higher at Rs 71.15 on reports the telecom major has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.
Reliance Communications, controlled by billionaire Anil Ambani, is looking to raise funds to ease a debt load of $7 billion as of March
1) OnMobile Global Ltd: The stock closed nearly 9 per cent higher at Rs 36.60, even as the company's managing director Arvind Rao resigned.
Arvind Rao, the managing director and chief executive of OnMobile, has resigned after what the company called a 'special review of its corporate governance.
The stock hit an intraday high of Rs 36.95 and a low of Rs 30.90.
2) Punj Lloyd Ltd: Punj Lloyd closed 7.6 per cent higher at Rs 58.70. It hit an intraday high of Rs 59.40 and a low of Rs 54.50.
3) Reliance Communications Ltd: The stock closed 6.5 per cent higher at Rs 71.15 on reports the telecom major has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.
Reliance Communications, controlled by billionaire Anil Ambani, is looking to raise funds to ease a debt load of $7 billion as of March
Reliance Communication in the
Buy-today-sell-tomorrow (BTST) segment of ET Now. He advised investors to buy
the stock for Rs 2 movement on the upside and keep stop loss of Rs 1-1.5.
However, if the stock does fall back to Rs 68, it becomes an attractive buy.
CK Narayan of Growth Avenues Asset Advisors recommended a long on RComm with the much awaited IPO likely to happen in Singapore, which may push the stock on the higher and investors can bet for an intermediate target of Rs 74 (stop loss at Rs 65).
4) HMT Ltd: The stock surged over 16 per cent in trade with the media reports indicating that the government is mulling a Rs 993-crore revival plan for the company. The plan would include Rs 441 cr cash infusion into the company.
The stock closed 14.06 per cent higher at Rs 47.05. It hit an intraday high of Rs 48.55 and a low of Rs 40.95.
5) Goenka Diamonds and Jewels Ltd: The stock pared most of its losses of 20 per cent in the previous session after an Intelligence Bureau report suggested that operators have tried to rig prices of the stock along with other stocks.
The stock closed 7.08 per cent higher at Rs 173.20. It hit an intraday high of Rs 186.55 and a low of Rs 150.10.
CK Narayan of Growth Avenues Asset Advisors recommended a long on RComm with the much awaited IPO likely to happen in Singapore, which may push the stock on the higher and investors can bet for an intermediate target of Rs 74 (stop loss at Rs 65).
4) HMT Ltd: The stock surged over 16 per cent in trade with the media reports indicating that the government is mulling a Rs 993-crore revival plan for the company. The plan would include Rs 441 cr cash infusion into the company.
The stock closed 14.06 per cent higher at Rs 47.05. It hit an intraday high of Rs 48.55 and a low of Rs 40.95.
5) Goenka Diamonds and Jewels Ltd: The stock pared most of its losses of 20 per cent in the previous session after an Intelligence Bureau report suggested that operators have tried to rig prices of the stock along with other stocks.
The stock closed 7.08 per cent higher at Rs 173.20. It hit an intraday high of Rs 186.55 and a low of Rs 150.10.
Regards
RAKESH MAKIN
+91, 9041667797(DIRECT),
9915684997
OFF 0172-4657997
PANCHKULA (Haryana).
Email:makin_97@yahoo.com
Group mail id: makin97NSEtips@yahoogroups.co.in
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