Monday, December 22, 2008

Market Another Dry Session Of Relief For The Realty Sector Companies - Dec 22, 2008

The benchmark indices are trading almost flat with the selective buying by funds and retailers ahead of the second stimulus package announcement is ready to come from Govt of India by this week. Besides, the latest announcement of US government’s rescue plan for the nation''s biggest carmakers and computer-memory chip manufacturers has helped some of the Asian markets to trade in positive territory. Further, the recent interest rate cut by the major Indian banks made loan cheaper, which resulted relief for the realty sector companies. And as a result, Realty and consumer durable stocks were in good demand and the duo indices are trading higher by nearly 4% and 3.5% respectively

At 11.30 AM, the BSE Sensex is gaining by 1.63 points at 10,101.55 whereas NSE Nifty by 0.9 points at 3078.4. The BSE Mid Cap and BSE Small Cap are trading higher by 52.19 points and 42.84 points at 3,316.19.32 and 3,786.86 respectively.

Gainers from the BSE Sensex Pack are Tata Motors surged by (4.38%) to Rs 187.15, along with DLF by (4.08%) to Rs.319.90, Reliance Communication by (2.99%) at Rs.222.45, Satyam Computers by (2.55%) at Rs.166.95, Jaiprakash Associates by (2.30%) at Rs.91.25 and ONGC by (2.02%) at Rs.723.50.

Gainers from the NSE Nifty Pack are Unitech up by (8.14%) at Rs.47.85 along with Suzlon energy by (4.98%) at Rs.61.1, Cairn India by (4.61%) at Rs.160, Tata Motors by (4.47%) at Rs.186.95 and Reliance Petroleum by (4.16%) at Rs.92.7.

BSE Realty is trading higher by (4.29%) or 108.23 points at 2,633.57. The major gainers are Unitech trading up by (8.70%) at Rs.48.10, along with Parsvnath by (5.49%) at Rs.52.85, Orbit corp by (5.04%) at Rs.71.85, Indiabulls real by (4.66%) at Rs.167.20, followed by Housing Development by (4.60%) to Rs.175.

BSE CD is trading higher by (3.51%) or 70.12 points at 2,068.88. The top gainers in the index are Videocon Ind up by (7.97%) to Rs.132.80 along with Blue Star increased by (5.02%) to Rs.162, Rajesh Export by (3.22%) to Rs.27.25, followed by Titan Industries by (1.94%) at Rs.1004.

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