Friday, July 31, 2009

Market To A Year High Of Positive On Little Sentiments - July 31, 2009

The market fresh buying has pushed the domestic benchmark indices into the northward direction. The domestic markets have joined the rally across US and Asian markets with the hope of global economic recovery on track backed by solid overseas corporate results. On a stock specific move, ONGC is trading higher by over 4.5% after oil extended gains above US$67 a barrel, a 5.7% jump from the previous session.

During the last hours'' trading session, almost all the sctoral indices are trading with positive sentiments.

Among the BSE Sectoral indices buying interest has emerged across Metal, Consumer Durable (CD) and Bankex stocks trading higher by 3.12%, 2.82% and 2.76% respectively.

Overall market breadth is positive as out of total 2,308 stocks traded in the BSE 1,674 advanced, 566 declined and 68 unchanged.

The BSE Sensex surged by 286.91 points at 15,674 while NSE Nifty soared by 79 points at 4,650.45.

Besides, the BSE Mid Cap is trading higher by 89.88 points at 5,596.28, while Small Cap is trading higher by 71.01 points at 6,275.03 respectively.

Gainers from the BSE Sensex Pack are ONGC up by (5.32%) to Rs. 1,158, along with Tata Motors by (4.83%) to Rs. 414.50, SBI by (4.18%) to Rs. 1,794.80, Sterlite Industries by (3.67%) at Rs. 649.70, Tata Steel by (2.78%) at Rs. 465.7 and Hindalco Ind by (2.77%) at Rs. 96.55.

Gainers from the NSE Nifty Pack are ONGC increased by (5.04%) at Rs. 1,156.5 along with Tata Motors by (4.77%) at Rs. 414.3, SBI by (4.25%) at Rs. 1,796, National Aluminium company by (4.16%) at Rs. 303.9, Sterlite Industries by (4.02%) at Rs. 652 and Idea Cellular by (3.42%) at Rs. 78.65.

BSE Metal is trading higher by (3.12%) or 381.02 points at 12,596.17. The top gainers are Gujarat NRE surged by (4.91%) at Rs. 57.70 along with Sesa Goa Limited by (4.12%) to Rs. 242.40, Sterlite Industries by (3.67%) at Rs. 649.70, Hindustan Zinc Limited by (3.11%) at Rs. 697 followed by Hindalco Industries by (2.77%) at Rs. 96.55.

BSE CD is trading higher by (2.82%) or 86.56 points at 3,156.64 The top gainers in the index are Blue Star surged by (5.12%) to Rs. 390 along with Rajesh Export by (1.95%) to Rs.41.9, Gitanjali GE by (1.67%) to Rs. 112.30, Videcon Ind by (1.27%) to Rs. 184.05 followed by Titan Industries by (0.55%) to Rs. 1,218.

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