Money Matters - End of Day Review - Wednesday, 2nd January 2008

Money Matters - End of Day Review - Wednesday, 2nd January 2008

Indices close at all-time high
2 Jan 2008, 1711 hrs IST,INDIATIMES NEWS NETWORK

MUMBAI: Short covering and renewed buying towards end of the session saw key indices close at all-time highs. Banking shares remained in the lime light while midcaps and smallcaps continued to rally.

Bombay Stock Exchange's Sensex closed at an all-time high of 20,465.30, up 164.59 points or 0.81 per cent. In the day, it touched an intra-day high of 20, 529.48 and low of 20,077.40. National Stock Exchange's Nifty ended at 6179.40, up 35.05 points or 0.57 per cent. It hit an all-time high of 6197 and low of 6060.85 in the day.

Biggest Sensex gainers were Reliance Energy (up 4.09%), Tata Motors (4.06%), HDFC (3.81%), ICICI Bank (3.42%), Cipla (2.76%), Hindalco Industries (1.9%) and ITC (1.75%). Satyam Computer (down 1.59%), BHEL (1.33%), Hindustan Unilever (1.31%), Reliance Communications (1.06%), Wipro (0.88%) and HDFC Bank (0.86%) were the losers.

Buying continued in tier II and III stocks pushing Midcap and Smallcap indices to all time highs. BSE Midcap Index closed at 10,058.94 after touching high of 10,096.13. Among midcaps, Bombay Dyeing (up 19.11%), UCO Bank (15.11%), M&M Financia Services (11.34%) and ING Vysya (10.62%) posted significant gains.

BSE Smallcap Index ended 1.50 per cent high at 13,908.97. It touched a high of 13,998.01 and low of 13,628.65 In the small cap space, Batliboi and BSeL Infrastructure Realty and Paramount Communications gained 20 per cent each. Omnitech (up 15.98%), Surana Industries (13.82%) and Tanej Aerospace (12.67%) were the other smallcap gainers.

Amongst the sectors, Bankex out-performed other sectors by closing 3.13 per cent high at 11,870.49. The upside was led by midcaps like Canara Bank, Kotak Bank, Karnataka Bank and Allahabad Bank. Across BSE, 2,002 shares advanced and 926 declined.

(Courtesy: www.economictimes.com )

Sensex, Nifty end at new closing peaks

Mumbai, Jan 2 (PTI) New Year celebrations are continuing in the stock markets with benchmark Sensex scaling a new high of 20,465.30 points at closing level on the Bombay Stock Exchange, led by blue-chip stocks HDFC, Tata Motors and Reliance Energy The 30-share BSE barometer added 164.59 points today over its previous close of 20,300.71 points to set the new closing level record.
The index touched the day's high of 20,529.48 points and a low of 20,077.40 points. The Sensex also hit an all-time intra-trade high of 20,529.48.

The broader S&P CNX Nifty of the National Stock Exchange also jumped 35.05 points to close at a new life-time high of 6,179.40 from previous close of 6,144.35.

The market surged in the late afternoon trade on sustained across-the-board value buying from investors after showing some pressure due to to weakness in Asian markets, which were down in the range of about 1.0 to 2.3 per cent at close.

The market breadth was strong following widespread gains in the small-cap and the mid-cap shares.

However, analysts said the market has reached the 20,500 resistance level and is expected to correct downwards.

Crediting the upsurge to technical factors, brokers said there was shortage of scrips while liquidity remained comfortable in the market.

Today's rally was led by banks and realty sector with their indices moving up by 3.13 per cent and 2.93 per cent respectively. Stocks of the country's largest private sector lender ICICI Bank surged by 2.88 per cent. BSE Bankex rose to 11,870.49 while the realty index was up at 13,419.67 points. PTI

TOP 5 GAINERS
Symbol, Curr.Price, % Change

BOMBAYDYEI, 900.85, 19.11
CANARA BAN, 394.20, 14.66
ING VYSYA, 374.05, 10.62
FDC, 52.15, 9.91
KOTAK BANK, 1,395.40, 8.17

TOP 5 LOSERS

Symbol, Curr.Price, % Change

FINOLEXCAB, 119.65, -5.53
JB CHEM&PH, 92.95, -5.39
MIRC ELTRN, 37.95, -4.89
ISPATINDUS, 78.70, -3.85
HCLTECHNOL, 314.40, -2.74

TOP 5 VOLUME STOCK

Symbol, Curr.Price, Volume

ISPATINDUS, 78.70, 19655560
SPICE TELE, 66.85, 15053632
APOLLO TYR, 61.55, 11252064
RPL, 228.15, 7107806
NTPC, 257.25, 6457113

TOP VALUE STOCK

Symbol, Curr.Price, Value ('000)

REL, 2,365.50, 2307960.69
NTPC, 257.25, 1639658.36
RPL, 228.15, 1610627.30
ISPATINDUS, 78.70, 1546288.82
RELINCECAP, 2,595.80, 1351107.81

World Indices

NIFTY 6,179.40 0.57%
SENSEX 20,465.30 0.81%
DOW 13,264.82 -0.76%
NASDAQ 2,652.28 -0.83
FTSE 6,492.90 0.56%
NIKKEI 15,307.78 -1.65%

Mutual Funds - Top Performers from high-risk, high-returns category

Reliance Diversified Power Sector Fund, Equity-Sector Fund,Growth,Open Ended, 124.42

Reliance Diversified Power Sector Fund,Equity-Sector Fund,Bonus,Open Ended, 124.42

Taurus Libra Taxshield,Equity - ELSS,Growth,Open Ended,111.69

JM Basic Fund,Equity - Sector Fund,Growth,Open Ended,111.44

Standard Chartered Premier Equity Fund,Equity-Diversified,Growth,Open Ended,110.47