Market Updates: Sensex continues it rally for another day

by khalid on 08/09/2011 · 3 comments

The rally continued for the market with another surge of the SENSEX and the Nifty. Leaving aside the FMCG sector all the indices were positive and were in green. BSE Sensex closed the day at 17,074 with an increase of 211 points whereas NSE Nifty rose by 62 points to close above the 5100 mark at 5125.

Some profit booking was also witnessed for Reliance Industries closing by an increase of 1.75%. Among the losers ITC which fell over 1% today. NTPC was the top performer among the stocks today with the rise of 3.5% from its previous lows. Among the other stocks that were in the green are HDFC Bank, L&T, SBI, BHEL, Wipro, and HDFC all closing with an increase of about 2 to 3%. 1991 stocks were on the advancing side whereas 861 were among the declines.

However, top performer and the show stealer for the day was Jaiprakash Associates which rallied more than 8% closing at Rs.71.5. European markets also witnessed a slight recover after a deep cut in a week or so. The US markets though started the day with deep cuts but later on recovered a bit.

All the Asian markets were in the green with some recovery of the cuts witnessed in the last few days. DOW Jones was down 104 points at 11139.3 which was a recovery of 210 points for the lows of the day. Nasdaq was down 6.5 points and was at 2464.84 levels a recovery of 60 points from the days lows.

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