Buoyancy in heavyweights, banking and realty stocks helped the Sensex bounce back and gain 496 points for the day.
The market witnessed a strong pull-back today after witnessing a sharp slump yesterday. The rally was mainly triggered by buoyancy in heavyweights, banking and realty stocks.
Firm openings in European markets also helped the Sensex to rise.
The Sensex resumed with a positive gap of 215 points at 14,007, but slipped marginally as trading progressed and touched the day's low of 14,002 on profit bookings in fast moving consumer goods (FMCG) stocks. However, hectic buying in banking and realty stocks saw the Sensex touch the day's high at 14,323, up 531 points. The Sensex finally closed the session at 14,287, up 496 points. The Nifty closed by adding 124 points at 4,314.
Market breadth was positive as 1,784 stocks (~65%) advanced, 857 stocks (~31%) declined and 83 stocks (~3%) remained unchanged.
Among the sectoral indices, the BSE Banking Index flared up by 5.21%, the BSE Realty Index rose 5.09% and the BSE Metal Index moved up by 4.69%. While the remaining indices except BSE FMCG index gained 1-3% each.
Among the Sensex stocks, HDFC flared up 7.99% at Rs2,273.95, Tata Steel shot up by 7.83% at Rs630.05, Tata Power zoomed 6.92% at Rs1,115.50, Reliance Infra moved up by 6.90% at Rs970.80, HDFC Bank scaled up 6.18% at Rs1,092.50, Sterlite Industries surged by 5.13% at Rs622.45, State Bank of India jumped by 4.97% at Rs1,386.65 and Tata Motors gained 4.91% at Rs416.30.
On volume front, over 5.20 crore Birla Cotsyn shares changed hands on the BSE followed by Reliance Natural Resources (3.88 crore shares), IFCI (0.94 crore shares), Ispat industries (0.91 crore shares) and Reliance Petroleum (0.82 crore shares).
In value terms, Reliance Natural Resources clocked a turnover of Rs374 crore followed by Reliance Capital (Rs233 crore), Larsen & Toubro (Rs178 crore), Reliance Industries (Rs166 crore) and HDFC (Rs145 crore).
European Indices at 16:15 IST on 30-07-2008
Index
Level
Change (pts)
Change (%)
FTSE 100 Index
5394.70
75.50
1.42
CAC 40 Index
4375.91
55.42
1.28
DAX Index
6455.53
56.73
0.89
Asian Indices at close on 30-07-2008
Index
Level
Change (pts)
Change (%)
Nikkei 225
13367.79
208.34
1.58
Hang Seng Index
22690.60
432.60
1.94
Kospi Index
1577.70
10.50
0.67
Straits Times Index
2925.50
38.94
1.35
Jakarta Composite Index
2278.68
3.00
0.13
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