Sensex up 136 points
1-Jan-1970

The markets ended firm on Monday with the benchmark index surging 136 points to close at 11,914 levels. In the broader markets, the Nifty firmed up 1.2 per cent or 41 points. It ended the day at 3476 levels. "The markets are likely to continue there winning streak I expect the Sensex to test 12,000 levels in the times to come," said Ashu Kakkar, technical analyst, skypowerfinancialservices.com.

Tata Motors led the charge at the Sensex. The counter moved up 3.9 per cent or Rs 34 by close. Maruti Udyog, Larsen & Toubro, Infosys Technologies, ICICI Bank, TCS, HLL and Reliance Energy also gained ground. Hero Honda was the biggest loser. The counter slipped 1.1 per cent to close at Rs 718 levels. Dr Reddy's and Ranbaxy were other key losers.

Auto stocks surge

All sectoral indices closed in positive turf. The auto index was the biggest gainer that firmed up 1.8 per cent or 93 points. TVS Motors surged 12.3 per cent to Rs 108. Cummins India, Ashok Leyland, Apollo Tyres, Tube Investments and Escorts India logged smart gains besides Tata Motors and Maruti Udyog.

Patni Computers (up 2.4 per cent), Satyam (up 1.3 per cent), Hexaware Technologies (up 1.2 per cent) and HCL Technologies (up 1.1 per cent) closed in the positive. KEC Infrastructure, Praj Industries, Gammon India, Lakshmi Machine Works, Carborundum Universal and HEG Limited among the capital goods space closed firm.

Oil and gas stocks flare

HPCL, Chennai Petroleum, Indian Oil Corporation and Petronet LNG firmed up over four per cent by end of trading session. Reliance Industries and ONGC also ended in the green. Canara Bank, Indian Overseas Bank, ICICI Bank, Bank of Baroda, Oriental Bank of Commerce and UTI Bank were the key gainers among banking stocks.

Cementing gains

Cement stocks continued their journey north. Most counters logged smart gains. Birla Corp (up 8 per cent), Chettinad Cement (up 5 per cent), Saurashtra Cement (up 5 per cent), Shree Cements (up 3.1 per cent), Madras Cements (up 4 per cent) and Dalmia Cement (up 3 per cent) gained ground.

Heavyweights ? ACC, Grasim Industries and Gujarat Ambuja Cements also closed firm. Fresh buying was also visible in sugar counters. Balrampur Chini, Shree Renuka Sugar, Dhampur Sugar, Dwarikesh Sugar, Ponni Sugars, Sakthi Sugar and Bajaj Hindusthan witnessed smart gains.




Source: Ndtvprofit.com, Mumbai, September 4, 2006
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