Nevertheless the global scenario build confidence, domestic key benchmark index triggered to reach new highs. Activity in Indian factories expanded due to boost in manufacturing index came from a surge in fresh orders. Further, Asian stocks bounced back as manufacturing in China expanded which was under pressure for quite long duration and regional leaders pledged to start a $120 billion foreign-currency reserve pool.
On the sectoral front, traders on-loaded positions across the sectors. Metal stocks rose on rise in metal prices on the London Metal Exchange. IT stocks advanced on hopes aggressive measures by the US government to revive the economy may bear fruit.
Banking stocks spurted on hopes falling interest rates will blossom lending growth. Auto stocks grew on hopes lower interest rates will boost demand which is mainly driven by finance. Realty stocks rose on recent report of revival in demand for new homes in 4Q March 2009.
The market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,445 stocks traded so far, 1,692 shares advanced while 689 shares declined. Nearly 64 shares are unchanged.
The BSE Sensex is trading higher by 662.12 points at 12,065.38 and NSE Nifty is up by 171.74 points at 3,645.70.
The BSE Mid Cap is trading higher by 128.44 points at 3,642.30 and Small cap is trading up by 140.67 points at 4,081.57.
All the 30 members from the BSE Sensex pack logged gains. Sterlite Industries India Ltd spurted 13.07% to Rs. 462.50 along with Mahindra & Mahindra Ltd by 11.91% to Rs. 544.15, Housing Development Finance Corporation by 9.58% to Rs. 1,897.35, Tata Steel by 9.35% to Rs. 260.30, Hindalco by 9.19% to Rs. 58.80, TCS Ltd by 9.04% to Rs. 679.55, Wipro Ltd by 8.32% to Rs. 358.00, ITC Ltd by 7.69% to Rs. 203.65, Larsen & Toubro by 6.82% to Rs. 939.50, State bank of India by 6.79% to Rs. 1,364.45 and Jaiprakash Associates by 6.70% to Rs. 148.10 among others.
The BSE Metal is higher by 512.64 points or 7.44% at 6,885.81. Stocks trading in green are Sterlite Industries by 13.07% to Rs. 462.50, Tata Steel by 9.35% to Rs. 260.30, Hindalco by 9.19% to Rs. 58.80, JSW Steel by 7.41% to Rs. 361.50, Hindustan Zinc by 6.80% to Rs. 516.00, National Aluminium Co by 6.10% to Rs. 224.50 and Steel Authority of India by 6.04% to Rs. 115.90 among others.
CESC zoomed 6.73% to Rs. 249.00 after net profit rose 15.50% to Rs. 410 crore in the year ended March 2009 over the year ended March 2008.
GHCL surged 9.18% to Rs. 32.10 after net profit surged 115.10% to Rs 25.25 crore in 4Q March 2009 over 4Q March 2008.
Maruti Suzuki India increased phenomenally 3.02% to Rs. 840.30 after vehicle sales rose about 15% to 71,748 units in April 2009 over April 2008.
ABB plunged by 2.74% to Rs. 480, after net profit slumped 33.4% to Rs 78.37 crore in Q1 March 2009 over Q1 March 2008.
Reliance Communication surged 6.61% to Rs. 229.15 after consolidated net profit rose 9% to Rs 5907.55 crore in the year ended March 2009 over the year ended March 2008.
TVS Motor Company surged 5.59% to Rs 34.95 after two-wheeler sales rose 3% to 1,13,119 units in April 2009 over April 2008.
Siemens spurted 8.77% to Rs. 335.35 after net profit soared 13,485.50% to Rs 225.52 crore in Q2 March 2009 over Q2 March 2008.
Kesoram Industries soared 14.89% to Rs. 177.10 after net profit rose 51% to Rs 159 crore in Q4 March 2009 over Q4 March 2008.
On the sectoral front, traders on-loaded positions across the sectors. Metal stocks rose on rise in metal prices on the London Metal Exchange. IT stocks advanced on hopes aggressive measures by the US government to revive the economy may bear fruit.
Banking stocks spurted on hopes falling interest rates will blossom lending growth. Auto stocks grew on hopes lower interest rates will boost demand which is mainly driven by finance. Realty stocks rose on recent report of revival in demand for new homes in 4Q March 2009.
The market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,445 stocks traded so far, 1,692 shares advanced while 689 shares declined. Nearly 64 shares are unchanged.
The BSE Sensex is trading higher by 662.12 points at 12,065.38 and NSE Nifty is up by 171.74 points at 3,645.70.
The BSE Mid Cap is trading higher by 128.44 points at 3,642.30 and Small cap is trading up by 140.67 points at 4,081.57.
All the 30 members from the BSE Sensex pack logged gains. Sterlite Industries India Ltd spurted 13.07% to Rs. 462.50 along with Mahindra & Mahindra Ltd by 11.91% to Rs. 544.15, Housing Development Finance Corporation by 9.58% to Rs. 1,897.35, Tata Steel by 9.35% to Rs. 260.30, Hindalco by 9.19% to Rs. 58.80, TCS Ltd by 9.04% to Rs. 679.55, Wipro Ltd by 8.32% to Rs. 358.00, ITC Ltd by 7.69% to Rs. 203.65, Larsen & Toubro by 6.82% to Rs. 939.50, State bank of India by 6.79% to Rs. 1,364.45 and Jaiprakash Associates by 6.70% to Rs. 148.10 among others.
The BSE Metal is higher by 512.64 points or 7.44% at 6,885.81. Stocks trading in green are Sterlite Industries by 13.07% to Rs. 462.50, Tata Steel by 9.35% to Rs. 260.30, Hindalco by 9.19% to Rs. 58.80, JSW Steel by 7.41% to Rs. 361.50, Hindustan Zinc by 6.80% to Rs. 516.00, National Aluminium Co by 6.10% to Rs. 224.50 and Steel Authority of India by 6.04% to Rs. 115.90 among others.
CESC zoomed 6.73% to Rs. 249.00 after net profit rose 15.50% to Rs. 410 crore in the year ended March 2009 over the year ended March 2008.
GHCL surged 9.18% to Rs. 32.10 after net profit surged 115.10% to Rs 25.25 crore in 4Q March 2009 over 4Q March 2008.
Maruti Suzuki India increased phenomenally 3.02% to Rs. 840.30 after vehicle sales rose about 15% to 71,748 units in April 2009 over April 2008.
ABB plunged by 2.74% to Rs. 480, after net profit slumped 33.4% to Rs 78.37 crore in Q1 March 2009 over Q1 March 2008.
Reliance Communication surged 6.61% to Rs. 229.15 after consolidated net profit rose 9% to Rs 5907.55 crore in the year ended March 2009 over the year ended March 2008.
TVS Motor Company surged 5.59% to Rs 34.95 after two-wheeler sales rose 3% to 1,13,119 units in April 2009 over April 2008.
Siemens spurted 8.77% to Rs. 335.35 after net profit soared 13,485.50% to Rs 225.52 crore in Q2 March 2009 over Q2 March 2008.
Kesoram Industries soared 14.89% to Rs. 177.10 after net profit rose 51% to Rs 159 crore in Q4 March 2009 over Q4 March 2008.
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