August 3, 2009 was another big day for the Indian sharemarket. Both Sensex and Nifty observed an unprecedented rise closing at “52 week highs.” This gain was contributed by auto, realty and metal stocks. In the afternoon, when news of gains in the European share market came out, overseas investors tried to strengthen their position in the domestic market.
The Sensex at BSE closed at 15,924.23 points. It rose 253.92 points or 1.62% compared to its previous close. It observed an intra-day high of 15963.36 points which was also the highest in the last 52 weeks and a low of 15,608.40 points. Today at BSE, share prices of 1761 companies advanced while 953 declined.
The BSE Midcap index rose 2.36% and Smallcap index gained 1.74%. BSE auto index rose 4.6%, BSE Realty 4.19% and BSE Metal 3.41%
The Nifty at NSE crossed 4700 level closing at 4711.40 points advancing 74.95 points or 1.62%. It observed an intra day high 4723.30 points which was also the highest in the last 52 weeks.
Major gainers at BSE today are:
Hindalco Industries…7.98%
Mahindra & Mahindra…6.88%
Reliance Communications…5.17%
BHEL…………………………………5.15%
Tata Steel…………………………4.52%
On the other hand, companies whose share prices dropped are:
The Bombay Stock Exchange had some technical problem which affected the trading session. In the morning session, circuit limit of 100 stocks stopped working. It happened due to a “technical glitch” for three to four hours. Later, BSE removed the circuit filters. Shares of Assam Co. had an upper circuit of Rs.15.31 and lower circuit of Rs.13.19 but due to this technical problem the stock price went up to Rs.77.20 at 3.06pm. In the morning, traders were at a loss looking at the circuit limits. Some traders bought stocks at those prices which were also accepted by the server but after rectifying the problem, nobody could not say what would happen to those transactions. This incident cast a doubt among traders regarding the abilities of the BSE administration.
Sensex opened up at 14,694 points. Immediately, after the Economic Survey of FY 09 was presented at the parliament today, Sensex went to a high of 14,764 points but at the end of the day’s trading session it ended in red as the latest jobless data was released in the U.S. The Sensex saw an intra-day high of 14,764 points and a low of 14,469 points. It closed at 14,658 points. Traders are not buying too much stocks as the time for the first budget is drawing closer.
In terms of trading, BSE was positive as prices of 1459 stocks advancedand 1141 slipped. In total, 2,692 stocks were traded today.
At the BSE metals, realty and pharma stocks observed a price rise. The BSE metal index went up 2% led by Tata Steel, Jai Corp. and SAIL. Prices of these three stocks went up by more than 3.7%. The realty index rose 1.5% and BSE Pharma Index rose 0.8%. After announcing a price hike, oil and gas stocks also surged up. GAIL and ONGC stocks gained more than 7%. However, the BSE capital goods index fell 1% and the auto index fell 0.9%.
At BSE, stocks that observed major gains are:
ONGC rose 7% to Rs 1,126.
Tata Steel
Grasim
Sterlite Industries
Stocks whose prices tumbled are:
BHEL slipped 3 per cent to Rs 2,149.
RIL fell 2.3 per cent to Rs 2,149.
The Nifty at the NSE observed an intra-day high of 4,348 points and a low of 4,289 points. It closed at 4,349 points.
On July 1, 2009, the Bombay Stock Exchange implemented its quarterly market wide circuit breaker system. Today, investors bought lower level stocks. Realty, auto and bankex were major gainers. The Sensex at the BSE closed at 14645 points. It opened at 14,506 points against its previous close of 14,494 points. It observed an intra-day high of 14727.49 points and a low of 14355.52 points. In terms of overall trade, the market remained in the negative zone as prices of 1319 shares decreased and 1275 advanced on the BSE.
The Nifty at the National Stock Exchange closed at 4342.15 points, an increase of 51.05 points from its opening. It touched an intra-day high of 4362.30 points and a low 4249.70 points.
The BSE Midcap Index went up 1.16% and BSE Smallcap Index went up 0.39%
The BSE Realty Index gained 4.48%, BSE Auto Index gained 1.19% and BSE Bankex went up 1.09%.
The major gainers are:
BPCL 5.8%
DLF 5.52%
Reliance Capital 5.05%
Axis Bank 4.93%
Idea Cellular 4.42%
Companies who saw slump in stock prices today are:
