Dec 13, 2006

Bulls back with vengeance: Bank, cap goods surge

Today the bulls were back with vengeance after three days of heavy selling in the markets. The markets witnessed volatilty in the initial trades but firmed up moving ahead and closed with some good gains.

Markets bounce back on broad based buying
Sensex up 1.43% or 186.3 points at 13181.34
Nifty up 1.30% or 48.3 points at 3765
BSE Bank Index up 3%; SBI up 4%, ICICI Bank up 3%, Union Bank up 7.2%
BSE Capital Goods Index up 2.4%; BEL up 6.4%, Siemens up 6.3%, ABB up 2.8%
Telecom stocks in focus; Reliance Comm up 7.4%, Bharti Airtel up 3.75%
Index gainers; Zee up 6.4%, HPCL up 5.6%, Suzlon up 5.3%
CNX Mid-cap Index up 2.36%; led by realty stocks
Unitech up 9.9%, Century Textile up 7.7%, Parsvnath up 6%, Indiabulls up 5.7%
BSE Small-cap Index up 1.83%
NSE Advance Decline ratio at 3:1
Total market turnover at Rs 49817.96 cr Vs Rs 61368.48 cr on Tuesday

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