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Wednesday, January 23, 2008

Big smile- biggest gain

After seven consecutive, the markets opened with huge gap up and proceeded to trade strong and stable for most part of the day. Sensex also recorded biggest single day gain of over 1200 points during later half of the day and finally shut shop with substantial gain.

The markets are trading firm at the day's high on buying seen in scrips across sectors. Sensex has rallied over 1200 points and Nifty is up nearly 400 points. It has been biggest ever Intraday gains for Sensex. Metal, realty, oil & gas and banking space have been in the focus since opening. All the key BSE indices are trading in green with substantial gains. Europe has opened with a fair amount of strength.

At 2:00 pm, the Sensex is up 1,258.59 points or 7.52% at 17988.53, and the Nifty up 412.10 points or 8.41% at 5311.40. About 1401 shares have advanced, 1535 shares declined, and 46 shares are unchanged.
CNX Midcap is up 9% and Smallcap index is up over 5%.
BSE Realty index is up 15%, Unitech is up 16.5% and DLF is up 11.5%. NSE Advance:Decline is at 5:2
Top gainers on the Sensex are HDFC Bank, Bajaj Auto and Hindalco up 9%. NTPC at Rs 213.70 up 8.64%, Reliance at Rs 2,561 up 8.61% and BHEL at Rs 2,154 up 8.50%.
Top loser on the Sensex are Wipro down 1.4%.
Top Sensex gainers were HDFC, SBI, NTPC, DLF and ICICI Bank. In the realty space, Peninsula Land, Omaxe, Sobha Developer, Parsvnath and Anant Raj Inds were up over 10%.
In the metal sector, the counters which are in focus were Hind Zinc, Sesa Goa, Mah Seamless, JSW Steel and Sterlite Inds. IT space was also in focus today and I Flex, Mphasis, Patni Computers and HCL tech were tradin with over 5% gains.

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