Post Market August 18, 2009

Market recovers on late buying
After correcting in the morning, buoyancy in heavyweights, capital goods and realty stocks lifted the Sensex to the day's high of 15135.
The market witnessed a correction in the opening trades, as weak Asian markets, and flat US and European indices dampened the sentiment. Although the

Sensex resumed on a negative note at 14746, the market soon pared the loss to turn positive. As trading progressed, the Sensex gained significantly in the afternoon with buying in heavyweights, consumer goods and reality stocks taking the index to the day's high of 15135. However, the Sensex finally ended the session 250 points higher at 15035 while the Nifty added 71 points to close at 4459.
Of the 13 sectoral indices on the BSE, all posted gains. The BSE CG led the upsurge with gains of 3.64% followed by the BSE Reality (up 2.39%), the BSE Metal (up 2.30%) and the BSE Power (up 2.11%). The BSE PSU, the BSE Auto, the BSE Bankex and the BSE FMCG indices closed in the positive territory. The market breadth was positive. Of the 2,715 scrips traded on the BSE, 1,741 stocks advanced, 896 stocks declined and 78 stocks ended unchanged.

Out of the 30 Sensex stocks, 26 managed to end in the green while four stocks ended with losses. Hindalco was the lead gainer and soared 6.08% at Rs106.35. JP Associates advanced 4.73% at Rs212.35, Larsen & Toubro moved up by 4.66% at Rs1,477.75, HUL jumped 3.45% at Rs258.05, Tata Steel shot up by 3.14% at Rs451.45, HDFC added 3.06% at Rs2321.05 and DLF rose 2.95% at Rs375.15. M&M, BHEL and HDFC Bank gained marginally. Among laggards, Infosys dropped 0.59% at Rs1,971.40, Grasim shed 0.35% at Rs2,573.30, TCS declined by 0.19% at Rs509.75 and Sun Pharma lost 0.19% at Rs1,179.30.

Over 3 crore shares of Unitech changed hands on the BSE followed by FSL (2.40 crore shares), IFCI (1.93 crore shares), Suzlon (1.16 crore shares) and Ispat (1.06 crore shares).