Indian Stock Market Highest Level from may 2008

Third consecutive quarterly gain


Sensex rose 273.93 points or 1.6% to 17126.84

Nifty rose 77.10 points or 1.5% to 5083.95.

Mid Cap index rose 1%. Small Cap rose 0.9%.

BSE 500 was up 1.3%. Sensex gainers: 26

Of 13 BSE Sectoral indices, 11 posted gains.

Advancers: 1598, Decliners: 1183, Unchanged: 77

Advance/Decline ratio: 4:3

Sensex Day’s Range: 17142.52 - 16868.46

Nifty Days Range: 5087.60 - 5004.35

52-Week Range: 17142.52 - 7697.39

52-week Change: -0.1%

All Time High: 21206.77 (10 Jan 2008)

Sensex rose highest since May 21, 2008 helped by soaring foreign portfolio and logged its third consecutive quarterly gain, rising 18.2 percent in the September quarter — the longest run of quarterly gains since end 2007 and followed a 49 percent jump in the June quarter. It rose 9.3 percent in September 2009.

Sensex gainers included State Bank +5%, ICICI Bank +4.6%, Maruti Suzuki +3.7%, Sterlite Ind +3.5%, Mahindra & Mahindra +3.5% and Wipro +3.3%.

Sensex losers were: ONGC -1.3%, ITC -1.1%, Grasim -0.7% and Bharti Airtel -0.1%.

Bankex moved up 3.7% led by Axis Bank +6.1%, Oriental Bank +5%, State Bank +5%, Indian Overseas Bank +5%, ICICI Bank +4.6% and Yes Bank +4.2%.

Auto index surged 2.1% helped by Escorts +7%, Bajaj Auto +4.7%, Maruti Suzuki +3.7%, Mahindra & Mahindra +3.5% and Exide Ind +2.6%.

Capital Goods index advanced 1.7% supported by AIA Engineering +9.8% at Rs 313.25, Bharat Electronics +7.5%, Elecon Engineering +3.9%, Jyoti Structure +2.8% and BHEL +2.3%.

Metal index rose 1.6% led by Jindal Saw +5.4%, Jai Corp +3.8%, Sterlite Ind +3.5%, JSW Steel +1.6%, Hindalco +1.6% and Ispat Ind +1.5%.

Realty index climbed 1.4% aided by Parsvnath +16%, Omaxe +8.1%, Anant Raj Ind +4.5%, Orbit Corp +4.1% and Peninisula Land +3.2%.

Other sectoral movers were: IT +1.3%, Teck +1%, PSU +1%, Power +1%, Oil & Gas +0.8% and Healthcare +0.6%.

Sectoral losers were: FMCG -0.4% and Consumer Durables -0.3%.

Volume shockers on BSE:

Oil India 8.73 million shares, Karuturi 8.26 mln shares, Unitech 7.70 mln shares and Ispat Industries 7.16 mln shares

Turnover:

The market saw total turnover of Rs 82231.76 crore. This included Rs 20150.03 crore from the NSE cash segment, Rs 55412.81 crore from the NSE F&O and the balance Rs 6668.92 crore from the BSE cash segment.

Buzzers:

Cable Corp +20% at Rs 21.10, DIL +19% at Rs 288.75, Henkel India +18.2% at Rs 43.25, Maxwell India +18% at Rs 22.30, Nova Petrochem +17.3% at Rs 28.15, Central Bank +16.4% at Rs 161.20, Parsvnath +16% at Rs 144.85 and Kilitch Drugs +16% at Rs 87.

Heavy Losers:

Panasonic Engineering -7.2% at Rs 73.20, Filatex Fashion -7.1% at Rs 26.20, Ken Financial -6.7% at Rs 38.10, Spice -6.2% at Rs 173.20, Axis Capital -6.1% at Rs 33.20, NK Industries -5.9% at Rs 33.20 and Basant Agro Tech -5.7% at Rs 47.25.

New listing:

Oil India ended its first trading session at good premium of 8.1% to its issue price of Rs 1,050. The share closed at Rs 1,135 on the NSE. It touched an intraday high of Rs 1,156.70 and intraday low of Rs 1,090. On BSE it closed 1t Rs 1140.55.

Midcap Gainers:

Central Bank, Parsvnath, Dishman Pharma, Asian Star and HMT were up 10-16%.

Smallcap Gainers:

Henkel India, Paper Products, Delta Corp, Premier and KLG Systel were up 10-18%.

State Bank advances 5 pct:

Top lender State Bank of India climbed 5 percent to Rs 2,195.70, its highest close since February last year as investors expected strong corporate earnings to boost the bank’s profits.

Rel Industries rises 1.6 pct:

Energy giant heavy weight, Reliance Industries gained 1.6 percent to Rs 2,201.20 due to support from all quarters.

L & T attracts buying:

Larsen & Toubro closed 2.15 percent higher at Rs 1,683.20 after sources told Reuters on Tuesday the engineering and construction giant was readying a $600 million share sale to institutions.

Wockhardt moves to 52 week high:

Drug maker Wockhardt Ltd rose to a 52-week high of Rs 197.90 after it received tentative approval from the U.S. Food and Drug Administration for marketing tamsulosin capsules, used to treat enlargement of prostate. The stock ended 7.6 percent higher at Rs 194.60.

Asian Markets:

Asian markets ended higher. Shanghai Composite added 0.90%. Straits Times rose 0.4% or 9.3 points. Taiwan Weighted advanced 1.1%. Seoul Composite declined 1%. Hang Seng lost 0.3%.

European Markets:

European markets were quoting: FTSE 100 was +0.1 %. The CAC 40: +0.2% and the DAX was +-0.4%.

Crude:

Crude was quoting at $67.66 per barrel.

Global Positives:

Manufacturing in China grew for a sixth month, according to an index compiled by HSBC Holdings Plc. The IMF reduced its prediction for global writedowns by 15 percent to $3.4 trillion, citing improving credit markets and economic growth. U.K. consumer confidence had its biggest jump in 14 years this month, according to GfK NOP.

Optimism:

Foreign funds have moved $3.6 billion into Indian stocks so far this month, taking their yearly pickings to $11.9 billion.

Stocks rallied worldwide, with Europe’s benchmark index posting the best quarterly advance this decade, as Chinese manufacturing expanded and the International Monetary Fund cut its estimate of bank writedowns.