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01-05-2010, 01:31 AM #1
Sensex ends at 20 month high at 17,558.73, up by 93.92 pts
The Sensex of the Bombay Stock Exchange (BSE) today ended at a twenty month high at 17,558.73 in the first trading session of 2010 with a small gain of 93.92 points owing to bullish advice from global markets.
The Nifty index of the National Stock Exchange (NSE) also rose by 31.15 points to close firm at 5232.20.
On the first session of the new year, the Sensex closed higher and continued its upward trend. It closed above the 17,500 mark, while the Nifty maintained the 5,200 level.
Positive global cues and buying across all the sectors helped the indices to remain positive throughout the session, despite volatility and low volumes.
Among Asian markets, Nikkei rose 1 per cent and Jakarta gained 1.6 pc. Shanghai, Kospi and Taiwan Weighted were up between 0.24 and 0.8 pc. European markets were trading 0.7-1 pc higher and US index futures were up 0.6-1.1 per cent at the time of closing of Indian equities, brokers said.
Cement, metal, infrastructure, banking, technology, select oil & gas and auto stocks witnessed buying interest, while selling in few stocks like Reliance Industries, NTPC, Bharti Airtel, Maruti, Hero Honda and Suzlon Energy limited the gains to a major extent.
Trading began at 9:00 hrs today as the stock exchanges have decided to extend trading hours by 55 minutes. It ended at 1530 hrs as usual. Today's new listing - JSW Energy closed at Rs 100.75, up just 0.75 per cent over its issue price of Rs 100 per share.
Godrej Properties will be listing tomorrow.
The Sensex resumed firm to 17,473.45 and later it gained 118.03 points at the day's high of 17,582.84 in mid-afternoon trade, its highest level since May 5, 2008. The Sensex fell 86.43 points at the day's low of 17,378.38 in early trade.
The S&P CNX Nifty of NSE opened flat at 5200.90 and then it hit a high of 5238.45, its highest level since May 5, 2008.
Volumes were low with total traded turnover at Rs 64,076.74 crore.
This included Rs 14,952.91 crore from the NSE cash segment, Rs 42,559.47 crore from the NSE F&O and the balance Rs 6,564.36 crore from the BSE cash segment. BSE clocked a turnover of Rs 6198 crore, much higher than Rs 4618 crore on December 31, 2009.
The market breadth was strong. On BSE, 2097 shares advanced as compared with 778 that declined. A total of 69 shares remained unchanged. Among the 30-member Sensex pack, 23 rose, while the rest declined.
The BSE key indices rallied as top Auto index was up by 1.88 per cent to settle at 7575.76 points, Metal index by 1.82 pc to 17,715.30 pts, CD index by 1.81 pc to 3853.86 pts, SML CAP index by 1.60 pc to 8491.73 pts, MID CAP index by 1.48 pc to 6817.35 pts, FMCG index by 1.11 pc to 2822.52 pts and PSU index by 1.00 pc to 9627.49 pts.
ACC rose by 4.87 per cent to Rs 913.95, leading the top gainers in Group A on the BSE at the end of the session on the first trading day of 2010 today.
Among the other heavyweight gainers were Jaiprakash Asso, up by 4.70 per cent to Rs 153.80, M & M by 4.52 per cent to Rs 1,129.60, Tata Motors by 4.39 per cent to Rs 827.40 and Grasim Ind by 2.71 per cent to Rs 2,544.85.
Some of the top losers were NTPC, down by 1.65 per cent to Rs 231.80, RIL by 1.29 per cent to Rs 1,075.35, Bharti Airtel by 1.16 per cent to Rs 325.00 and HDFC by 0.19 per cent to Rs 2,672.70.
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