Market after a robust opening, the key benchmark indices gusted northward, hitting their highest level in more than a year, following global market and better than expected India Inc results boosted confidence. World equity funds gathered $9.5 billion in the week ending 29 July 2009, as per global fund tracker EPFR Global, highest since June 2008. BRIC (Brazil, Russia, India and China) equity funds seeing net inflows for a 19th consecutive week.
India equity funds took in a year-to-date high of $211 million in the most recent week, while China and Greater China stock funds reported $711 million in fresh money.
On the sectoral front, all 13 Indices were positive. Oil exploration stocks advanced after US crude futures bounced back overnight, closing around 6% higher to reverse losses suffered in the previous session as Wall Street sizzled and the dollar edged lower.
Auto stocks gained after being deteriorated in previous sessions and also strong quarterly earning results.
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, advanced 4% to 2,686.70 overnight.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,677 stocks traded so far, 1,524 shares advanced while 1,052 shares declined. Nearly 101 shares are unchanged.
The BSE Sensex is trading higher by 306.50 points at 15,694.46 whereas NSE Nifty is up by 86.85 points at 4,658.30.
The BSE Mid Cap is trading higher by 89.32 points at 5,595.72 and Small cap is trading up by 52.94 points at 6,256.96.
Major gainers from the BSE Sensex pack are ONGC Limited surged 5.95% to Rs. 1,165.00 along with State Bank of India Limited by 5.24% to Rs. 1,813.00, Tata Motors Limited 5.16% to Rs. 415.80, Sterlite Industries by 3.63% to Rs. 649.45, ITC Limited by 3.38% to Rs. 251.00, Hindustan Uniliver Limited by 2.80% to Rs. 289.75, Tata Steel Limited by 2.73% to Rs. 465.45, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Larsen & Toubro Limited by 2.33% to Rs. 1524.30 and ICICI Bank by 2.14% to Rs. 771.55 among others.
Major losers from the BSE Sensex Pack are Bharti Airtel Limited plunged 0.61% to Rs. 420.90 and Grasim Industries Limited by 0.01% to Rs. 2,752.00.
The BSE Bankex is higher by 230.23 points or 2.77% at 8,536.14. Stocks gained are State Bank of India Limited 5.24% to Rs. 1,813.00, Kotak Mahindra Bank Limited 4.29% to Rs. 655.50, IndusInd Bank 3.84% to Rs. 87.80, Federal Bank Limited 3.28% to Rs. 245.70, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Bank of India Limited by 2.55% to Rs. 333.25 and Canara Bank Limited 2.49% to Rs. 286.20 among others.
Bhushan Steel Limited gained 4.65% to Rs. 782.50 after net profit increased significantly 29.5% to Rs. 171.87 crore on a 1.1% slide in sales to Rs 1,304.70 crore in Q1 June 2009 as against Q1 June 2008.
Mahindra & Mahindra Limited advanced 0.11% to Rs. 853.00 on the back strong Q1 June 2009 results.
State Bank of India Limited gusted 5.24% to Rs. 1,813.00 on the back better-than-expected Q1 June 2009 results.
Reliance Infrastructure Limited improved 1.55% to Rs. 1,203.50 after net profit increased significantly 25.4% to Rs. 316.57 crore on a 9.5% rise in sales to Rs 2,407.22 crore in Q1 June 2009 as against Q1 June 2008.
Nestle India Limited spurted 7.55% to Rs. 2,229.00 after net profit zoomed 33.8% to Rs. 1,62.02 crore on a 16.8% increase in sales to Rs 1,209.51 crore in Q2 June 2009 as compared to Q2 June 2008.
India equity funds took in a year-to-date high of $211 million in the most recent week, while China and Greater China stock funds reported $711 million in fresh money.
On the sectoral front, all 13 Indices were positive. Oil exploration stocks advanced after US crude futures bounced back overnight, closing around 6% higher to reverse losses suffered in the previous session as Wall Street sizzled and the dollar edged lower.
Auto stocks gained after being deteriorated in previous sessions and also strong quarterly earning results.
Metal stocks rose after LMEX, a gauge of six metals traded on the London Metal Exchange, advanced 4% to 2,686.70 overnight.
The Market breadth, indicating the overall strength of the market, was strong. On BSE, out of 2,677 stocks traded so far, 1,524 shares advanced while 1,052 shares declined. Nearly 101 shares are unchanged.
The BSE Sensex is trading higher by 306.50 points at 15,694.46 whereas NSE Nifty is up by 86.85 points at 4,658.30.
The BSE Mid Cap is trading higher by 89.32 points at 5,595.72 and Small cap is trading up by 52.94 points at 6,256.96.
Major gainers from the BSE Sensex pack are ONGC Limited surged 5.95% to Rs. 1,165.00 along with State Bank of India Limited by 5.24% to Rs. 1,813.00, Tata Motors Limited 5.16% to Rs. 415.80, Sterlite Industries by 3.63% to Rs. 649.45, ITC Limited by 3.38% to Rs. 251.00, Hindustan Uniliver Limited by 2.80% to Rs. 289.75, Tata Steel Limited by 2.73% to Rs. 465.45, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Larsen & Toubro Limited by 2.33% to Rs. 1524.30 and ICICI Bank by 2.14% to Rs. 771.55 among others.
Major losers from the BSE Sensex Pack are Bharti Airtel Limited plunged 0.61% to Rs. 420.90 and Grasim Industries Limited by 0.01% to Rs. 2,752.00.
The BSE Bankex is higher by 230.23 points or 2.77% at 8,536.14. Stocks gained are State Bank of India Limited 5.24% to Rs. 1,813.00, Kotak Mahindra Bank Limited 4.29% to Rs. 655.50, IndusInd Bank 3.84% to Rs. 87.80, Federal Bank Limited 3.28% to Rs. 245.70, HDFC Bank Limited by 2.60% to Rs. 1,497.80, Bank of India Limited by 2.55% to Rs. 333.25 and Canara Bank Limited 2.49% to Rs. 286.20 among others.
Bhushan Steel Limited gained 4.65% to Rs. 782.50 after net profit increased significantly 29.5% to Rs. 171.87 crore on a 1.1% slide in sales to Rs 1,304.70 crore in Q1 June 2009 as against Q1 June 2008.
Mahindra & Mahindra Limited advanced 0.11% to Rs. 853.00 on the back strong Q1 June 2009 results.
State Bank of India Limited gusted 5.24% to Rs. 1,813.00 on the back better-than-expected Q1 June 2009 results.
Reliance Infrastructure Limited improved 1.55% to Rs. 1,203.50 after net profit increased significantly 25.4% to Rs. 316.57 crore on a 9.5% rise in sales to Rs 2,407.22 crore in Q1 June 2009 as against Q1 June 2008.
Nestle India Limited spurted 7.55% to Rs. 2,229.00 after net profit zoomed 33.8% to Rs. 1,62.02 crore on a 16.8% increase in sales to Rs 1,209.51 crore in Q2 June 2009 as compared to Q2 June 2008.
1 comment:
The DJI Average and tech-heavy Nasdaq
rose 1 and 1.4 percent, respectively, to come within 50 points of their record highs.
Regards--
stock tips
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