| Market breadth was strong as 1,467 stocks advanced on BSE compared with 1,098 stocks that declined. The Sensex ended 3.74 points down to 7342.89 after hitting a lifetime high in the intra-day high during the day. The Nifty gained 4.60 points to mark a new all-time high close at 2241.90. |
| The turnover in both the BSE as well as the NSE were low as witnessed in past few days. While the BSE traded volumes of Rs 3,040.15 crore. NSE turnover went down to Rs 5,864.63 crore. |
| Side counters such as Financial Technologies, Hitachi Home, Kale Consultants, Kajaria Ceramics repeated yesterday's spurge. |
| The Reliance Industries scrip scaled an all-time high price on Wednesday, up 2.11 per cent to Rs 678.85. The Grasim scrip was the highest gainer among frontline stocks, up 3.03 per cent to Rs 1174.65. |
| Other major gainers in frontline stocks were BHEL (2 per cent), Satyam Computer (1.34 per cent), Larsen & Toubro (0.81 per cent), Hindalco (0.75 per cent), Maruti Udyog Limited (0.49 per cent), Tata Power (0.49 per cent), SBI (0.49 per cent) and Tata Steel (0.42 per cent). |
| Amongst the 30-stock index basket, 14 scrips registered loss. ITC went down 1.41 per cent to Rs 1672.10 and Bharti Tele-ventures lost 2 per cent to Rs 249.80 and HDFC lost 2.2 per cent to Rs 879.80. The highest loser loser in the index was Hero Honda, down 3.26 per cent to Rs 615. |
| GAIL India (up 1.5 per cent) continued its rally for the fourth consecutive day after the company's announcement on profitability from the subsidy it provides to oil refiners. The BPL scrip went up about 15 per cent to Rs 62.60 on reports of having sold its GSM wireless business to the Essar Group. |
| The BPL Mobile Communications deal is valued to be about $1 billion. The biotechnology major Biocon, lost 3 per cent to Rs 436.90 after a reported fall in quarterly net profit, hit by price pressures on its cholesterol-busting statin drugs. |
| The BSE oil and gas index ended as the biggest gainer on Wednesday, up 1.46 per cent to 3392.01. The BSE PSU Index was up 0.86 per cent and the BSE capital goods index was up 0.78 per cent. |
| Among major losers, the BSE consumer durables index (0.74 per cent), the BSE FMCG Index (0.62 per cent) and the BSE auto index (0.40 per cent) were the indices that reported the highest change. |
| Foreign institutional investors were net buyers of Indian shares worth Rs 388.10 crore on Tuesday, while domestic funds were net sellers of Rs 23.04 crore. |
| In the banking sector, Allahabad Bank went up 5.61 per cent to close at Rs 95. Other major gainers in this sector were the Vijaya Bank (5.36 per cent), Bank of Rajasthan(5 per cent), Corporation Bank (4.10 per cent) and Dena Bank (3.81 per cent). |
| The major losers in this section were Syndicate Bank (3.71 per cent), United Western Bank (2.65 per cent), City Union Bank (2.46 per cent) and Bank of India (2.17 per cent). |
| HMT, Hind Motors and Eicher Motors scrips continued their rally among auto stocks. HMT scrip was up 0.23 per cent at Rs 87.40 on Wednesday after gaining about 43 per cent in the past two days. Premier Ltd ended up as the highest gainer, up 6.15 per cent to Rs 48.35. |
| Other major gainers in this sector were Eicher Motors (0.94 per cent), Hind Motors (0.63 per cent) and Maruti Udyog (0.49 per cent). The major losers were Maha Scooters (3.57 per cent), Hero Honda (3.26 per cent), LML (2.88 per cent) and TVS Motor (2.25 per cent). |
| Among the major gainers in the IT Index, Mascon Global rose above 11 per cent to close at Rs 20.80. Other gainers in this sector were Maars Software (9.85 per cent) and SPEL Semiconductors (6.80 per cent). |
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