AUG 6 WEDNESDAY

SENSEX RISES 383 IN LATE SURGE.

The fall in crude to below $ 120 a barrell and the positive

opening of the European markets pushed

Indian equities to a gain of 2.5 % on Tuesday.

The Indian market opened flat because of the weakness in

the Asian markets which closed in the red on Tuesday

as well as on cues from the weak overnight U.S markets.

However as the European markets opened the sensex

gained 383 points in a late surge , closing very near to

the 15000 mark at 14961.

The Nifty closed above the 4500 mark at Rs 4502.85, up

107 points.

Banking and realty stocks gained more than 6.5 % while

the automobile sector moved up by more than 4 per cent.

The BSE Midcap and Small cap indices gained 1.7 % and

1.26 % respectively.

There was mixed response from the institutional investors;

FIIs were net sellers of equities worth Rs 397 crore, while

domestic institutional investors were net buyers of equities

worth Rs 287 crores , according to the provisional data

released by BSE and NSE.

STOCK SPECIFIC ACTION

ICICI Bank rose 8.2 % to Rs 693.30.

HDFC Bank rose by 6.8 % to RS 1184.35.

State Bank Of India rose 4.6 % to Rs 1578.80.

DLF rose 7.7 % to Rs 553.15.

Unitech rose 7.7 % to Rs 181.80

Maruti gained 7.4 % to Rs 614.40

Mahindra rose 5.5 % to Rs 548.

Tata Motors rose 3.4 % to Rs 409.05.

Tata Steel fell 2.3 % to Rs 675.95.

Sterlite fell 6.8 % to Rs 581.75.

JSW Steel fell 3.9 % to Rs 836.75.