Sensex ended at new 2009 high; rallied 80pc
Mumbai, Dec 31: On the last day of 2009, Sensex ended at new 19-month high and rallied over 80pc in 2009, beyond the expections of the analyst. Nifty hit the psychological 5,200 mark after a long haul since May 02, 2008 and rose 75pc in 2009.
BSE Sensex closed at 17,464.81, up 120.99 points or 0.7% and the 50-share NSE Nifty rose 0.61% or 31.60 point.
Oil & gas, power, capital goods, and select auto, banking & technology stocks helped the indices to remain on the higher side.
However,
the
gains
were
capped
to
a
major
extent
due
to
selling
in
the
last
couple
of
hours
in
pharma
&
realty
stocks
along
with
Reliance
Communications,
JSPL,
ICICI
Bank,
PNB,
HUL,
Idea
&
Reliance
Infrastructure.
4:30
PM
Nifty up 49 pts; RIL, SBI, BHEL lead
Nifty continued it 5,200 mark hold and traded higher amid volatility.
Market was supported by buying in heavyweights like Reliance Industries, SBI, NTPC, BHEL, TCS and L&T.
However, DLF, Jindal Steel, Maruti, HCL Tech, Cipla and Siemens were the losers.
At 13:07 pm, Sensex was trading at 17,520, up 177 points and the Nifty was at 5,218, up 49 points.
All sectoral indices were trading in green.
Capital Goods and Oil & Gas up 1pc each were the leading sectors. Auto, Power, Bank and Realty indices gained 0.6 to 0.8pc.
In the power space, Auto, Power, Bank and Realty indices went up 0.6 to 0.8pc.
In the realty space, Indiabulls Real was up 3.91pc and Unitech gained 0.60pc.
SBI rose 2.10pc, Axis Bank, Bank of Baroda, HDFC Bank and ICICI Bank were up 0.5 to 1pc in banking space.
Top losers on the BSE Midcap - Shriram City lost 4.7%. Great Offshore, BF Utilities, Sintex India and Simplex Infra fell 1.7-2%.
On the BSE Smallcap, Money Matters was locked at 20pc upper circuit. Aditya Birla, Jai Balaji Industries, Balkrishna Industries and HSIL were up 10 to 14pc were top gainers.
Top losers on the BSE Smallcap were Gee Kay Finance, Panacea Biotec, Maharashtra Ele, Gayatri Project and Indoco Remedies slipped 3.5 to 5pc.
Asian
markets
were
also
trading
higher.
Hang
Seng
gained
1.75pc.
Shanghai,
Straits
Times
and
Taiwan
Weighted
were
up
0.5
to
0.9pc.
2:20
PM
Nifty extends rally; trades at 5,200 mark
Nifty extended rally and was trading at 5,200 mark owing to buying in all sectors. The leading sectors at this session were Oil & gas, power, capital goods, technology and realty. Maruti Suzuki was the only one trading lower.
At 10:58 AM Sensex was trading at 17,511, up 167 points and the Nifty was at 5,217, up 48 points.
In the power space, NTPC rose 2.7pc, Neyveli Lignite, Power Grid Corp, Suzlon Energy, NHPC and Reliance Infrastructure were up 1 to 2pc. Adani Power, Tata Power, Reliance Power and Torrent Power gained 0.6 to 0.8pc.
In the oil&gas space, Reliance Industries surged 1.65pc, Cairn India, GAIL, BPCL, ONGC and IOC gained 0.3 to 1.3pc.
L&T, Crompton Greaves, Siemens, BHEL, Punj Lloyd and ABB went up 0.5 to 1.4pc in the capital goods segment.
In the realty stocks, Indiabulls Real and Mahindra Life rose 2.8pc each. Unitech was up 1.15pc and DLF up 0.46pc.
Hindalco, Sterlite Industries, Tata Steel, SAIL, JSW Steel, Jindal Steel and NALCO moved up 0.35 to 1pc.
In the Midcap space, gainers were OnMobile Global up 10.52pc, Reliance Industrial Infrastructure, KGN Industries, BGR Energy and Bajaj Finserv up 4 to 5pc.
However, Blue Dart, Kirloskar Brothers, Great Offshore, Central Bank and Apollo Hospital with 1.3 to 2.8pc lost were on the losing side.
In
the
Smallcap
space,
Money
Matters
was
locked
at
20pc
upper
circuit.
Jai
Balaji
Industries
rose
16pc.
Tinplate,
HSIL
and
Bliss
GVS
gained
7
to
11pc
.
However,
Sahara
One,
Modern
India,
Ushdev
Int,
Gee
Kay
Finance
and
Hatsun
Agro
slipped
3
to
4.7pc.
12:03
PM
Sensex opens on a positive note; power, metal up
Strong global cues helped Sensex to start on positive on the last day of 2009. Market experienced volatility owing to F&O expiry day and was supported by power, realty, technology, FMCG, capital goods, metal and banking stocks.
At 9:56 am Sensex was up up 139 points at 17,483 and Nifty rose 37 points at 5,206. CNX Midcap was up The CNX Midcap rose 58 points, to 7,476.
Among the frontliners the early trade gainers were NTPC up 3pc. Siemens, Suzlon Energy, Unitech, Tata Steel, Cairn India, Reliance Capital, TCS, Jaiprakash Associates, Power Grid, DLF, ACC and ICICI Bank.
On the other hand, Maruti Suzuki was on the losing side.
In the Midcap and Smallcap space, Gallantt Metal was up 6.5pc and Lloyds Steel up 3pc, Ispat gained 0.7pc, SAL Steel rose 3pc, United Spirits was up 0.7pc, HOEC surged 4pc.
Amtek Auto was up 1pc, but Amtek India lost 2.5pc, following Punjab & Haryana HC dismissal of scheme arrangement between Amtek Auto, Amtek India, Ahmednagar forging on valuation.
Su-Raj Diamonds shot up 7pc.
In the global cues:
Asian
markets
were
trading
higher.
Hang
Seng
rose
1.5pc.
Shanghai,
Straits
Times
and
Taiwan
Weighted
were
up
0.35
to
0.8pc.
10:45
AM
OneIndia News