Sensex Up 94.87 Points On Friday For 13th Consecutive Weekly Rise In 4 Years

Sensex rose 94.87 points or 0.6% to 15103.55
Nifty climbed 14.25 points or 0.3% to 4586.90.
Mid Cap fell 0.7%. Small Cap fell 1%.
BSE 500 was up 0.3%. Sensex gainers: 20
Of 13 BSE Sectoral indices, 9 posted gains.
Advancers: 1496, Decliners: 1334, Unchanged: 60
Advancers outpaced decliners by a ratio: 7:6.

Sensex Day’s Range: 15257.30 - 14993.60
Nifty Days Range: 4582.20 - 4453.45
52-Week Range: 15992.90 - 7697.39
52-week % change: -5.5

Sensex gainers included Grasim +6.1%, Tata Motors +5.3%, Bhel +5.3%, L & T +4.4%, Infosys +3.9% and Tata Power +3.8%.

Sensex losers included ITC -5.5%, Reliance Infra -3.7%, State Bank -3.1%, DLF -2% and Reliance Ind -1.9%.

Capital Goods index rose 3% led by BEML +13.2%, Bharat Elec +5.7%, Bhel +5.3%, Walchandnagar +5%, L & T +4.4% and Kirloskar Oil +1.5%.

IT index climbed 2.6% helped by Aptech +3.9%, Infosys +3.9%, Financial Tech +1.9%, TCS +1.9% and Wipro +0.5%.

Auto index raced 2.5% assisted by Hero Honda +5.6%, Tata Motors +5.3%, Mahindra & Mahindra +3.1%, Cummins +3% and Ashok Leyland +3%.

PSU index moved up supported by Dredging Corp +5.2%, STC India +5%, IOC +3.9%, Chennai Petro +3.7%, MTNL +3.7% and Nalco +3.1%.

Other sectoral movers were: Teck +1.6%, Consumer Durables +.8%, Healthcare +.8%, Bankex +0.5% and Power 0.2%.

FMCG index fell 2.3% due to selling in ITC -5.5%, United Breweries -3.2%, Ruchi Soya -3%, United Spirits -1.3% and Tata Tea -0.9%

Realty index plunged 2.1% helped by Phoenix Mills -8.9%, HDIL -5.7%, Indiabulls Realty -4.8%, Anant Raj Ind -4.1% and Puravankara Projects -2.5%.

Other sectoral losers were: Oil & Gas -0.8% and Metal -0.03%.

Volume shockers on the BSE:
JP Hydro 32.05 million shares; Unitech 30.50 mln shares; Satyam 26.57 mln shares and Ispat Industries 22.82 mln shares

Turnover:
Total traded turnover remained above Rs 1 lakh crore mark today as well, which stood at 1,01,636.53 crore. This included Rs 26,735.22 crore from NSE cash segment, Rs 65,938.39 crore from NSE F&O and the balance Rs 8,962.92 crore from BSE cash segment.

Buzzers:
MRPL +23.8% at Rs 93.65, Parle Software +20% at Rs 102.95, CHI Investments +20% at Rs 44.25. Zodiac Clothing +19.7% at Rs 354.85 Bannari Amman +14.8% at Rs 1035 and Jeetking Info +13.4% at Rs 214.

Heavy Losers:
Fem Care Pharma -14.2% at Rs 561, Solar Ind -12.4% at Rs 249.55, Lakshmi Overseas -10% at Rs 105.20, Sunflag Iron -9.8% at Rs 24.40, Nucleus Software -9.6% at Rs 106.45 and Compuage Info -9.2% at Rs 49.55.

Oil drilling counters bullish:
The shares of Aban Offshore rose 8.5 per cent to Rs 1240.95 on the BSE after its report about recast of debts came in the Economic Times today.

Shiv-Vani Oil too hit 10 per cent upper circuit filter but fell to end high 8.4 per cent to Rs 328.85 on the BSE.

Analysts say, the rising oil prices and the falling interest rates augur well for the companies

Sugar shares attract buyers:
The sugar shares attracted sizable buying after CLSA initiated coverage on the sector with a buy rating. Bajaj Hindusthan was up 8.9% and Bannariamman gained 12.8%. Balrampur Chini, Dhampur Sugar, Dharani Sugars, Dwarikesh Sugar, KCP Sugar, Oudh Sugar Mill, Ponni Sugars (E), Rajshree Sugars, Sakthi Sugars, Shree Renuka Sugars, Simbhaoli Sugar, Triveni Engg, Upper Ganges and Uttam Sugar surged 2.5-5%.

Media attracts buying:
Multiplexes such as Adlabs Films, PVR and Inox Leisure rose 4-5 percent on expectations they will start releasing movies from next week after a spat with producers over revenue-sharing got resolved.

Market this week:
Sensex up 3.3 per cent
Nifty up 3.1 per cent

Commerce Minister sees export stimulus in Budget:
In an exclusive interview to CNBC-TV18, Commerce Minister Anand Sharma hinted that there would be a stimulus package for exports in this Budget as the government was concerned over the fall in exports. He also promised to ensure export incentives to continue beyond 2009.

Sharma stated that the Commerce Ministry would recommend measures to the Finance Minister and that he would personally discuss all issues related to the Commerce Ministry with the Finance Minister. He added that interest subvention would also be under consideration.

Asian Markets:
Hang Seng, Nikkei, Straits Times and Seoul Composite went up 1-1.4%. Jakarta Composite was up 2.27%. However, Shanghai Composite fell 0.48% and Taiwan Weighted lost 0.28%. MSCI’s measure of other Asian markets rose 0.8

Optimism:
–The underlying trend in the market is that, apart from expectations of reforms, there is a visible chance this government will last for the full five-year term and there will be continuity in policies

–Faster economic growth on increased reforms is expected to fuel corporate earnings