Market Update 3/8/2007

The markets saw an unexpected sharp recovery towards the end of the trading session with Sensex gaining 470 points breaching 13,000 levels. It was the biggest single day gain for the Sensex since June 15, 2006. Markets showed a smart pull back with global markets picture looking good. Asian markets ended higher, Nikkie ended with gains of around 325 points.

The markets did some catching up work with its Asian peers that rallied yesterday also. Beaten down stocks like HLL have come back after a long time. Midaps clawed back and showed a spectacular surge. Smallcaps were not left behind either. At the end of the day BSE midcaps and smallcap up nearly 2.6% each.

All the BSE sector indices ended in green, leading the uptrend

The BSE Midcap Index ended at 5,246.79 up 132 points or 2.6%.

The BSE Smallcap Index ended at 6,245.81 up 158 points or 2.6%.

The BSE Bankex was up 4.5% at 6,466.36. Bank of baroda, Bank of India, HDFC Bank moved upwards.

The BSE Capital Goods Index was up 4.5% at 8,730.82. Gammon, Praj Industries and BHEL closed higher.

The BSE Health Care Index was up 3.8% at 3,497.84. Divis Lab, Glenmark, Nicholas Piramal closed higher.

The BSE Auto Index closed at 4,908.02 up 2.3%. Sundaram, Cummins, Escorts surged.

The BSE Metal Index closed up 4.6% at 8,132.68. SAIL, JSW Steel, Sterlite Ind advanced higher.

The BSE IT Index gained 2.6% at 5,021.68. Moser Baer,Wipro, Satyam advanced.

The BSE FMCG Index lost 3.2% at 1,716.97. HLL, Shaw Wallacw, Unite Spirits were among the top gainers.

BSE Oil and Gas Index closed gained 2.8% to close at 6,185.56. Reliance MRPL, Petronet LNG ended in green

The NSE cash turnover was at Rs 7946.63 crore and the NSE F&O turnover was at Rs 32218.18 crore. The BSE cash turnover was Rs 3762.74 crore. Total market wide turnover was at Rs 43927.55 crore.

Markets Today:

4th biggest single day point gain for Sensex ever
Sensex ends up 469.6 points at 13049; Nifty up 134.8 points at 3761
IPCL up 12.77%; RIL up 3.5%, RIL board to meet to consider merger with IPCL
BSE Metal Index up 4.6%; SAIL up 13%, Hindalco up 4.5%, Tata Steel up 3.5%
BSE Capital Goods Index up 4.5%; BHEL up 8%, ABB up 5%; Siemens up 3.9%
BSE Bank Index up 4.5%; HDFC Bank up 6.4%, ICICI Bank up 4.15%; SBI up 3.6%
Cement stocks; Guj Ambuja up 8.7%, Grasim up 6.11%, ACC up 2.8%
HLL up 10%, CLSA puts 12 month price target at Rs 240
CNX Midcap Index up 3.5%; led by construction stocks
Akruti Nirman up 11%, Parsvnath up 7.18%, IVRCL up 5.6%
BSE Small-cap Index up 2.6%
Recent Listings; Evinix Accessories up 20%, C&C Construction up 16.33%
New Listing: Indus Fila closes at Rs 133.85 Vs listing price of Rs 145 (Issue Price at Rs 170)
NSE Advance Decline ratio at 4:1
Total market turnover at Rs 43927.55 cr Vs Rs 49444.63 cr on Wednesday

F&O

Turnover at Rs 32218.18 Cr
IFCI adds 52 lakh shares in OI
ITC adds 27 lakh shares in OI
Gujarat Ambuja adds 24 lakh shares in OI
IPCL adds 16 lakh shares in OI
RPL adds 12 lakh shares in OI
Union Bank,Sail adds 8 lakh shares in OI
SRF adds 7 lakh shares in OI
IDFC sheds 5 lakh shares in OI
HLL sheds 4 lakh shares in OI
Ranbaxy,PFC sheds 3 lakh shares in OI