Thursday, February 14, 2008

Market opens with a huge gap up

The market today opens with a heavy gap up backed by the strong positive global cues. The BSE Sensex open with a heavy gap up of more than 600 points. All the BSE indices are trading in green in the opening trade. The Realty, Metal, capital Goods and Oil & Gas stocks are the most demanding stocks today. The overall market breadth is positive as 1,494 stocks are advancing whereas 533 stocks are declining on BSE.

At 10.32AM, the BSE Sensex was up by 615 points at 17,564 and the Nifty was up by 193.05 points to 5,122.50.The BSE Mid Cap increased by 243 points to 7,319 and the BSE Small Cap advanced by 246 points to 9,296.

DLF reported the top gainer from the BSE Sensex pack. It was up by (7.24%) at Rs.874 followed by Hindalco Industries grew by (6.67%) at Rs.160.

BSE Capital Goods index surged by 588.53 points to trade at 15,730.34. The top gainers are BHEL inclined by (5.92%) to Rs.2,092, L&T increased by (4.15%) at Rs.3,413 followed by Siemens and ABB up by (3.74%) and (2.26%) to Rs.1,525 and Rs.1,313.

BSE Metal index advanced by 577.06 points to trade at 15,351.37. The major gainers are Hindalco Industries, SAIL, NALCO and Sterlite Industries grew by (6.67%), (5.03%), (4.88%) and (3.81%) to Rs.160, Rs.209, Rs.344 and Rs.762 respectively

NTPC advanced by (3.72%) to Rs.195. The company plans to pump in Rs.475 crores in Ratnagiri Gas & Power Pvt. Ltd. in order to increase in capacity charge.

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