The Sensex opened this week at 15,363 and surged over 300 points on the very first day. From there it was lacklustre but kept moving steadily upwards and closed at this year's closing high of 15,922. Thursday's derivatives expiry had little bearing on the markets, The free trade policy boosted some specific stocks in the textile sector.
Markets have gained for the past seven days. The Sensex soared 1,113 points (7.5%) since August 20, 2009.
The market breadth was positive through the week. Out of 20,718 stocks traded on both exchanges, 12,987 had advanced while only 7,224 had declined.
Foreign institutional investors were net buyers worth Rs 650.4 crore till Thursday. Mutual Funds bought shares worth Rs 923 crore till Wednesday.
Tata Motors soared 13% to Rs 490. Sterlite zoomed 11% to Rs 696.
IT stocks surged on orders from British Petroleum. Wipro rallied 10% to Rs 696. Infosys gained 8% at Rs 2,188. TCS added 6% to Rs 509.
Sensex heavyweight, Reliance was up 7% at Rs 2,070. Bharti Airtel also advanced 6% to Rs 435 as the deal with MTN progressed.
Other big gainers included realty majors Jaiprakash Assocates (10%), Larsen & toubro (9%) and DLF (8%).
However, Tata Steel dropped 1.5% to Rs 439 after announcing a loss in Q1.
ONGC and HDFC Bank slipped marginally to Rs 1,179 and Rs 1,457, respectively.
VALUE & VOLUME TOPPERS...
Aban Offshore topped the value chart with a turnover of Rs 4,993.10 crore, followed by Reliance (2,980.65 crore), Unitech (2,612.73 crore), Tata Steel (Rs 2,404.37 crore) and Mahindra Satyam (2,385.16 crore).
The volume chart was led by Unitech with trades of nearly 285 million shares, followed by Suzlon (232.45 million), Mahindra Satyam (219.07 million), Reliance Natural Resources (184.41 million) and IFCI (178.10 million).
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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