Market closes on a new high: Nifty eyeing 5000 mark
24 Sep 2007
It
has been one of the most interesting times in the Indian stock markets as they
have been making new records touching some new highs. Sensex and Nifty closed
the near the high point of the day and also on a new life time high. Nifty was
up 90 points inching towards 5000 mark. Sensex scored over 280 points breaching
16,800 mark.
Big records were made in today''s session as Open Interest has hit 1 lakh crore mark. This will be the biggest series ever rolled over on Thursday. Even in terms of overall turnover we hit an alltime high.
India outperformed Asian peers with markets like Hang Seng ending with moderate gains. Europe was a little tenative and is trading almost flat. Today''s top gainers were energy and bank stocks.
Reliance group of stocks were buzzing and rallied to new highs. The most mysterious being RNRL up at Rs 93.80, along with Rel Energy, Rel Ind, Reliance Capital and Rel Petroleum.
However, technology stocks ended lower on selling pressure due to strong rupee, which touched a new nine year high of 39.77 per dollar.
Sensex was up 281.60 points or 1.70% at 16845.83, and the Nifty up 94.65 points or 1.96% at 4932.20.
About 1417 shares have advanced, 1550 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 8,963.43 up 0.7%.
The BSE Midcap Index ended at 7,310.14 up 1.5%.
The BSE FMCG Index closed flat at 2,153.57. United Brewerie, Marico, HUL, Colgate closed in green.
The BSE Metal Index closed at 13,030.47 up 2%. Jindal Steel, SAIL, Hindalco, Shree Precoated were among the losers.
The BSE Health Care Index was up 0.3% at 3,663.23. Glenmark, Ranbaxy Labs, Biocon, Matrix Lab closed higher.
The BSE Capital Goods Index was up 2.2% at 14,837.71. Reliance Infra, Jyoti Structure, Areva T&D, Larsen, Crompton Greave ended higher.
The BSE Auto Index closed at 5,297.26 up 2%. Maruti Udyog, Ashok Leyland, Hero Honda, Bajaj Auto were among the gainers
The BSE IT Index closed at 4,349.83 down 2%. Financial Tech, HCL Tech, TCS, Wipro, I-Flex Solution ended weak.
The BSE Bankex was up 2.5% at 8,961.49. Andhra Bank, PNB, Bank of Baroda, Allahabad Bank, ICICI Bank closed higher.
The BSE Oil and Gas Index closed at 9,651.17 up 3.3%. Reliance Natura, Reliance Petro, Petronet LNG, GAIL Reliance and ONGC closed in green.
The
NSE cash turnover was at Rs 18792 crore and the NSE F&O turnover was at Rs
79397 crore. The BSE cash turnover was Rs 7740.11 crore. Total market wide turnover
was at Rs 105929.1 crore.
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