Rally continues for second day
The Sensex closed at 5,686 points ending the day with a gain of 0.7 per cent. The Nifty Index ended the day with gains of 0.9 per cent.

Market Gainers
Steel sector companies such as Uttam Galva, Bhushan Steel, Kalyani Steel and Essar Steel were among the top gainers for the day. Other stocks such as Ispat Steel, Tata Steel, Jindal Iron and SAIL also remained firm. In cement, Grasim and ACC led the pack. Stock prices of UCO Bank and Four Soft firmed up. The stock of Four Soft gained 10 per cent. Major gainers during the day included stocks such as Dai Ichi Karkaria, State Bank of Travancore, Balkrishna Industries, Thirumalai Chemicals, SPL and Shasun Chemicals. Dai Ichi Karkaria clarified to the stock exchange that it is developing the land in Thane. The stock gained 5 per cent. The stocks of State Bank of Travancore and Thirumalai Chemicals were boosted by announcement of generous dividends. The stock of SBT gained 5 per cent and took up with it the stock of State Bank of Bikaner. The stock of Thirumalai Chemicals surged 7 per cent. The stock of Balkrishna Industries, gained 5 per cent. Shasun Chemicals, whose stock gained 8 per cent, The stock of SPL, the tile major, also gained 5 per cent. A number of mid-cap IT companies also gained strength. Stocks such as iGate Global, Kale Consultants and KPIT Infosystems spurted up by 10 per cent. Oil sector stocks such as Chennai Petroleum, Kochi Refineries, HPCL and IOC also remained firm. even though others such as Allahabad Bank, Indian Overseas Bank and Oriental Bank of Commerce recorded gains.

Market Losers
The stock of Dabur India and Union Bank of India suffered losses. Union Bank of India's stock price slumped by 6 per cent.
A number of sugar company stocks lost value. Stocks such as Balrampur Chini, Bannari Amman Sugars and Bajaj Hindustan lost value. The stock of Balrampur Chini lost 6 per cent. Banking counters were mixed with a number of stocks such as ICICI Bank, Punjab National Bank, Canara Bank, UTI Bank and Corporation Bank losing ground Major losers included stocks such as Financial Technologies, Jayshree Tea, Amtek Auto, Gillette, Zee Telefilms and Kopran. The stock of Financial Technologies shed 4 per cent.
In the consumer goods sector, apart from Jayshree Tea and Gillette, stocks such as GlaxoSmiKline Consumer, Heritage Foods and Wimco also lost va

Market Counters
BSE 30
ACC at 294.80 up 5.05
Bajaj Auto at 942.00 up 9.85
Bharti Televentures at 175.40 up 2.40
BHEL at 598.05 up11.75
Cipla at 1,387.00 up12.95
Dr Reddy at 883.00 up7.60
GACL at 341.50 up 2.40
Grasim at 1,199.00 up 11.75
HDFC at 654.95 up 9.80
HDFC Bank at 390.10 up 8.00
Hero Honda at 486.00 up 4.95
Hindalco at 1,135.00 up 38.85
HLL at 143.50 up 0.60
HPCL at 476.65 up 13.25
ICICI Bank at 305.50 up 3.90
Infosys at 5,306.00 up 45.50
ITC at 1,066.00 up 10.20
L&T at 591.50 up 8.10
MTNL at 151.00 up 2.65
ONGC at 861.00 up 13.25
Ranbaxy at 1,046.50 up 6.40
Reliance at 535.50 up 5.65
Satyam at 328.40 up 3.45
SBI at 649.25 up 6.65
Tata Motors at 486.50 up +4.30
Tata Power at 389.80 up +8.10
TISCO at 361.20 up +6.20
Wipro at 1,608.80 up +3.60
Zee Tele at 134.50 up+3.90

Others
Neuland Laboratories gained 4.20 per cent at Rs 162.35
Arvind Mills gained 6.64 per cent at Rs 56.25
HDFC up 3.85 per cent at Rs 645.15
Birla Corporation up 9.99 per cent to Rs 116.70
Dalmia Cement up 5.62 per cent to close at Rs 340
India Cement at Rs 46.90 - up 6.96 per cent
Mangalam Cement up 5.99 per cent at Rs 34.50
Mysore Cement up 4.70 per cent at Rs 12.70
Prism Cement up 6.43 per cent at Rs 13.25
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IPO: IL&FS files red herring
Mumbai: IL&FS Investsmart Ltd has filed its draft red herring prospectus for an initial public offer of one crore equity shares. Of this, 35 lakh shares will be a fresh issue and the balance will be an offer for sale. The initial public offer (IPO) would follow the book-building route and the shares on offer have a face value of Rs 10 each. The issue would represent 25.97 per cent of the fully diluted post-issue paid-up capital of the company. The price band and the exact dates of the IPO would be finalised in 3-4 weeks' time. The funds raised from the IPO would be primarily used to expand the branch network of the company in India as well as internationally.
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