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| Sensex ends in green despite weak core sector growth |
| BS Reporter / Mumbai Aug 26, 2009, 16:02 IST |
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 The Sensex rose to a three-week high, led by smart rally in IT stocks on the BSE today, following consumer confidence surge in the US, the largest market for software exporters. The conference board's confidence index climbed to 54.1 in August, its first gain in last three months.
The Sensex today opened with a positive gap of 75 points. The Sensex experienced a brief slippage and touched a low of 15,695, after a report on industrial output was declared. The growth of six core infrastructure industries - petroleum refinery, crude oil, coal, electricity, cement and finished steel,decreased to 1.8% in July, as against 5.1% a year ago, as petroleum refinery output acted as a drag on the sector. However, the prevalent positive sentiment earlier in the day helped the markets to trade in the green for the rest of the day. The Sensex touched an intra-day high of 15,831, up 143 points and finally settled at 15,769, up 81 points.
The NSE Nifty settled at 4,680, up 21 points.
The BSE midcap and smallcap indices outperformed the broader market. The midcap index advanced over 1% to 5,800 and the smallcap index gained nearly 2% to close at 6,878.
The market breadth was positive - out of 2,867 stocks, 1,941 advanced and 853 declined today.
INDEX MOVERS...
Among the sectoral indices, IT index surged 3.5% to 4,272. Infosys rallied over 4% to Rs 2,181. TCS surged nearly 4% to Rs 548. Tech Mahindra gained 3.5% at Rs 921. Wipro added 2.5% to Rs 557.
Sterlite soared nearly 4% to Rs 680. Reliance Communications gained nearly 2% to Rs 267.
Tata Motors, Tata Power and DLF added around 1.5% each to Rs 498, Rs 1,334 and Rs 399, respectively.
Sun Pharma and ACC also advanced 1.5% to Rs 1,208 and Rs 799, respectively.
Among the Nifty stocks, Axis Bank gained nearly 2% to Rs 933 and Suzlon was up 1.5% to Rs 93.
...AND THE SHAKERS
Hindustan Unilever declined over 2% to Rs 262. HDFC Bank shed 1.5% to Rs 1,459.
Hero Honda was down over 1% to Rs 1,497.
Among the Nifty losers, Jindal Steel and Ranbaxy slipped 2.5% to Rs 3,175 and Rs 335, respectively.
VALUE & VOLUME TOPPERS
Aban Offshore topped the combined value chart on both the BSE and the NSE with total turnover of Rs 2,288 crore. It was followed by Reliance Natural Resources (Rs 795.07 crore), Reliance (Rs 643.91 crore), Infosys (Rs 566.71 crore) and DLF (Rs 545.16 crore).
Reliance Natural Resources led the combined volume chart with total trades of over 91.68 million shares, followed by Mahindra Satyam (50.74 million), Suzlon (45.16 million), First Source (42.56 million) and Unitech (40.84 million)
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