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Sensex Gains 2.88%

The Indian stock markets gained for the second consecutive day

Following strong results from two of the largest U.S. firms, Goldman Sachs and Intel, has boosted confidence across Asia and Europe, and India was no exception with Sensex garnering a gain of 2.88 per cent.

Sensex closed at 14,253.24 points, up by 399.54 points. The BSE Midcap closed at 4,978.64 points, which was up by 198.36 points chalking up a gain of 4.15 per cent. BSE Smallcap too registered a similar upward movement, closing at 5,523.80 points, up by 240.78 points, a rise of 4.56 per cent.

After four straight falls, the Sensex had yesterday closed with a jump of 3.38 per cent at 13, 853 points, up by 453.38 points, in what was a rather encouraging move after the downward trend shown by the markets, especially after the tabling of the Budget, which did not meet market expectations.

Meanwhile, the BSE-500 index too registered a rise of 3.32 per cent as it closed at 5,410.11 points which was up by 173.64 points rise. In terms of top gainers, Bhushan Steel was the undisputed champion of the top spot as it closed at closed at Rs 669.35, up by 22.59 per cent.

The other four top gainers were IndBul Real, Lanco Infra, Ackruti and Opto Circuit. While IndBul Real closed at Rs 215.75 from its previous close of Rs 190.70, an up of 13.14 per cent, Lanco Infra closed at Rs 390.10 from its previous close of Rs 345.90 an up of 12.78 per cent.

Akruti and Opto Circuit also garnered positive gains and were up by 12.30 per cent and 10.63 per cent respectively. Meanwhile, Jubilant Org remained at the top of the table of top losers as it closed at Rs 163.50 from its previous close Rs 168.85 a dip of 3.17 per cent.

On the other hand, while EIH Limited came second in the top losers table as it closed at Rs 110 from a previous close of Rs 110.95 down by 0.86 per cent, KSK Energy closed at Rs 191.25 from its previous close of Rs 192.90 registering a dip of 0.86 per cent.

Infosys Technologies Limited and Union Bank registered dips as they closed down by 0.85 per cent and 0.83 per cent respectively.

Top Gainers (Group A)
Company  Last Traded Price  Previous Close  Change(%)
Bhushan Steel  669.35 546.00 22.59
Indiabulls Real Estate  215.75 190.70 13.14
Lanco Infratech  390.10 345.90 12.78
Ackruti City  507.55 451.95 12.3
Opto Circuits India  151.40 136.85 10.63
IFCI  45.25 40.95 10.5
Welspun-Gujarat Stahl Rohren  204.10 185.15 10.23
Reliance Natural Resources  79.35 72.00 10.21
Great Eastern Shipping Company  248.15 225.20 10.19
Ispat Industries  19.60 17.80 10.11

Top Losers (GroupA)
Company  Last Traded Price  Previous Close  Change(%)
Jubilant Organosys Ltd 163.50 168.85 -3.17
EIH 110.00 110.95 -0.86
KSK Energy Ventures Ltd 191.25 192.90 -0.86
Infosys Technologies Ltd 1790.95 1806.35 -0.85
Union Bank of India 231.85 233.80 -0.83
Ambuja Cements Ltd 99.30 100.10 -0.80
Max India Ltd 195.55 196.90 -0.69
Dabur India Ltd 129.55 130.10 -0.42
Dr Reddys Laboratories Ltd 765.15 768.15 -0.39
GTL Ltd 308.35 309.35 -0.32