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Markets surge to 2009 closing highs
BS Reporter / Mumbai Aug 28, 2009, 16:20 IST

SensexThe Sensex opened flat at 15,770 on the back of mixed cues from Asian markets. The index was lacklustre till noon trades but suddenly slipped to a low of 15,663 as the Shanghai markets declined.

However, it managed to rebound sharply and surged to a high of 15,958 - up 295 points from the low.

The Sensex finally ended at a new 2009 closing high of 15,922 - up 141 points.

The Nifty also ended at this year's closing high at 4,732 - up 44 points. Through the day the index touched a high of 4,744 and a low of 4,651.

The market breadth was positive. Out of 2,855 stocks traded, 1,535 advanced while 1,247 declined.

Most of the BSE indices closed in the green today with realty surging 4% to 4,289. Auto, bankex and oil & gas indices added over 1% each.

INDEX MOVERS...

DLF surged 5.3% to Rs 413. Jaiprakash Associates rallied 5% to Rs 231.

Bharti Airtel gained 4.5% at Rs 435. Hindalco added 3% to Rs 109.

Reliance Infrastrucure moved up 2.5% to Rs 1,169. Hero Honda added 2% to Rs 1,504.

ICICI Bank, Hindustan Unilever, SBI, ACC and Reliance were also up.

Among the Nifty stocks, Reliance Capital added 4.5% to Rs 873. Cairn India, Siemens, Punjab National Bank and SAIL were up 2-3% each.

...AND SHAKERS

Tata Power and ITC dropped 1.5% each to Rs 1,339 and Rs 237, respectively. Sun Pharma slipped 1% to Rs 1,204.

In Nifty, HCL Technologies dropped 2% to Rs 306. Ranbaxy and Tata Communications slipped 1.5% each.

VALUE & VOLUME TOPPERS...

Unitech topped the combined value chart with a turnover of Rs 1,311.76 crore, followed by Tata Steel (Rs 913.16 crore), Aban Offshore (Rs 827.33 crore), DLF (Rs 822.33 crore) and Reliance Capital (Rs 707.21 crore).

The combined volume chart was also led by Unitech with trades of 135.47 million shares, followed by IFCI (79.28 million), Suzlon (50.71 million), Mahindra Satyam (48.56 million) and Reliance Natural Resources (32.14 million).

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Hahahahahahahaa... Drought, Fiscal Deficit 6.8% Swine flu Consumer sentiment hits new low Monsoon worst in 40 yrs, crops, power at risk Prices of food items rising steadily Warning of a rating downgrade by Standard and Poors.... But WOWWWWW, the Nifty sets new 52-week closing high!!!! Shabaash!!!! BUY BUY More BUY, and then say, BYE BYE to your money, when these P-Notes guys sell like madmen and drop the markets circuit by circuit! FOR GOD'S SAKE, dont fall for this..... The Government is doing nothing to protect you, They keep buttering the foreigners and bigwigs... You'll be left behind! EXIT FOR GOD'S SAKE!!!!
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