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Saturday, February 06, 2010

Sensex bounce back on special live trading


News Headlines

RIL looks at $2-billion acquisition in Canada
Dubai PE firm sells 13% stake in SpiceJet
NTPC clouds primary market prospects
Telcos set to go TO HC over 'illegal' towers

Markets currently

On Special live trading on Saturday Feb 06, 2010 for first time in history of domestic market, the Sensex resumes firm and opens above 15800. As day progressed on the back of buying in reality and Metal stocks helps Sensex to touch the intraday high of 15933. Currently the Sensex trading at 15919 up 127 points and Nifty is trading above 4750 mark at 4755 up 36 points.

Market Breadth

The market breadth on the BSE is strong. Out of 1776 stocks trading on thye BSE, there are 1289 advancing stocks as against 443 declines. The broader indices are trading up the BSE Mid cap index was up by 1.25% and BSE Small cap index is gains by 1.54%.

Stocks Screening

Major gainers in the 30-share index were Hindalco Industries (2.43%), D L F (2.25%), Sterlite Industries (India) (2.08%), Tata Steel (1.50%), Tata Motors (1.30%), and ACC (1.19%). On the other hand, and Hero Honda Motors (0.70%) were the biggest losers in the Sensex

Global Markets

The Asian market trades lower as exporters hurt by a stronger yen, while escalating sovereign debt problems in Europe dented investor confidence in riskier assets including equities.