Sensex ends with biggest ever single day gain

23 January 2008

It was a good day for the investors after seven consecutive and relentless fall wherein the markets opened with huge gap up and proceeded to trade strong and stable for most part of the day. Sensex also recorded biggest single day gain of over 1200 points during later half of the day and finally shut shop with substantial gains.

Market breadth was impressive for most part of the day on both BSE and NSE, however the volume was relatively poor. Realty, power, metal, oil & gas and banking stocks were the most active counters during the todays trade and the midcaps were also in focus. Most of these indices were up nearly 10 for most part of the day.

Sensex shut shop today with a gain of 864.13 points or 5.17% at 17594.07, and the Nifty ended up 304.10 points or 6.21% at 5203.40. On BSE, about 1376 shares advanced, 1568 shares declined, and 39 shares remained unchanged. BSE midcap index also surged today and ended up 8.15% at 7789.31 and Smallcap closed with a gain of 3.96% at 10,425.34.

BSE auto space ended up 4.46% at 4675.33. Ashok Leyland, MRF, Apollo Tyres and Punjab Tractors were up. Top Sensex gainers were Satyam, BHEL, SBI, SBI, Reliance Industries.

BSE Bankex was up 5.64% at 10731.24. Union bank, Allahabad bank, Andhra bank and IOB were the top gainers in the banking domain.

BSE capital good index closed up 4.67% at 17221.13. Triveni Engineering, Praj Industries, Kirloskar Oil and Jyoti Structure were the leading gainers.