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| Bulls fight back, Sensex gains 250pts |
| BS Reporter / Mumbai Aug 18, 2009, 16:11 IST |
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 After Monday's debacle, a fall of over 600 points on the Sensex, the index today opened 39 points lower at 14,746 tracking subdued cues from the global markets. The Sensex is now just 6% away from its 52-week high of 16,002.
The bechmark index however rebounded into the positive zone but slipped back into the red for a brief while to touch a low of 14,740. Extensive buying in realty, metal and power stocks pulled the index from its lower levels and the index rallied to touch a high of 15,134. The Sensex exhibited volatility and moved in the range of 395 points throughout the day. Strong opening of the European bourses also added to the upmove.
The BSE benchmark finally ended at 15,035, up 250 points or 1.5% from the previous close. The NSE Nifty ended at 4459, up 1.5%.
The market breadth was positive. Out of 2,714 shares traded, 1,733 (64%) advanced, 900 (33%) declined and 81 (3%) were unchanged on the BSE today.
The midcap and the smallcap indices outperformed the broader market. The indices were up 2% each.
All the sectoral indices ended in green. The BSE Capital Goods Index surged around 4% to 12,314. The Realty, metal and Power indices added over 2% each.
Auto, bankex, FMCG, oil & gas, healthcare, consumer durables and IT indices were the other sectoral movers.
INDEX MOVERS...
Hindalco advanced 6% to Rs 106. Jaiprakash Associates and Larsen & Toubro increased over 4.5% each to Rs 212 and Rs 1,477, respectively.
Hindustan Unilever, Tata Steel and HDFC added over 3% each to Rs 258, Rs 451 and Rs 2,321, respectively.
DLF, Mahindra & Mahindra, Bharti Airtel, BHEL, HDFC Bank, Reliance Communications, ICICI Bank, Reliance Infrastruture and Maruti were up 2-3% each.
...AND THE SHAKERS
Infosys, Grasim Industries, TCS and Sun Pharma were the marginal losers today, down around 0.5% each.
VOLUME & VALUE TOPPERS
Unitech topped the combined value chart with a turnover of Rs 981crore. It was followed by Reliance (Rs 736 crore), Tata Steel (Rs 720 crore), DLF(Rs 622 crore) and Reliance Capital (Rs 480 crore).
Unitech also leads the volume chart with trades of 115 million shares. It was followed by First Source (80 million), IFCI (73 million), Suzlon (53 million) and Ispat Industries (42 million) shares.
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