Tuesday, June 9, 2009

Markets Are Still Trading On A Firm Platform - June 09, 2009

The markets are still trading higher as relentless buying continued among the index heavyweights that led the BSE Sensex surpassed the 15,000 mark and the NSE Nifty crossed the 4,500 mark. All the sectorial indices are trading in green. Further the positive opening of the European markets also boosted the sentiments.

The significant amount of buying is seen among the Realty, IT, Consumer Durables, Metal and Capital Goods stocks.

The overall market breadth is negative as 1242 stocks are advancing while 1459 stocks are declining in BSE.

DLF reported the top gainer from the BSE Sensex pack, as it is trading up by (11.41%) at Rs. 407.60 while Tata Motors reported the top loser trading down by (1.23%) at Rs. 360.25.

The BSE Sensex is trading up by 404.37 points or (2.76%) at 15,070.29 and the NSE Nifty is trading higher by 104.85 points or (2.37%) at 4,534.75.

The BSE Mid Cap increased by 109.08 points or (2.13%) to 5,223.93 and the BSE Small Cap grew by 46.17 points or (0.76%) to 6,130.05.

The Realty index is trading with strong gains of 230.30 points or 6.39% at 3,835.22. Leading from the gainers pack are DLF trading higher by 11.44% at Rs407.70 along with HDIL by 5.77% at Rs284.25, Mahindra Life by 5.26% at Rs304.95, Akruti City by 4.99% at Rs600.35, Anant Raj Inds by 3.88% at Rs128.40, Orbitco by 2.88% at Rs221.70 and Omaxe by 1.69% at Rs111.10.

The IT index is trading up by 132.62 points or 4.14% at 3,336.35. Gainers from this pack are Tech Mahindra trading higher by 15.64% at Rs686 followed by Patni Computers by 10.56% at Rs233.45, HCL Tech by 8.33% at Rs186.70, Aptech by 7.21% at Rs186.50, Oracle Fin by 6.77% at Rs1255, Wipro by 6.16% at Rs431, NIIT by 5.73% at Rs57.20, TCS by 5.34% at Rs777.50 and Rolta India by 4.25% at Rs132.35.

The most active shares on NSE are Unitech trading at Rs 89.20 with a total traded quantity of 102012320 shares followed by Suzlon Energy trading at Rs.122.90 with a total traded quantity of 61623386 shares.

CESC is trading up by 0.43% at Rs330.50. The company has announced the following Consolidated Audited results for the year ended March 31, 2009. The Group has posted a net profit from ordinary activities after tax & minority interest of Rs 770 million for the year ended March 31, 2009 as compared to Rs 2670 million for the year ended March 31, 2008.

Total Income has increased from Rs 37130 million for the year ended March 31, 2008 to Rs 42690 million for the year ended March 31, 2009.

On the global markets front, the European markets are trading higher as the FTSE 100, DAX and CAC 40 index are trading up by (0.28%), (0.41%) and (0.53%) respectively.

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