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| | Index Performance | | Index | Sensex | Nifty | | Open | 16,255.53 | 4,858.50 | | High | 16,669.25 | 4,992.00 | | Low | 16,249.67 | 4,858.45 | | Today's Cls | 16,429.55 | 4,922.30 | | Prev Cls | 16,254.20 | 4,859.75 | | Change | 175.35 | 62.55 | | % Change | 1.08 | 1.29 | | | | Market Indicators | | Top Movers (Group A) | | Company | Price
(Rs) | %
chg | | Gainers | | Reliance Capital | 786.45 | 8.12 | | IFCI | 51.40 | 8.10 | | Moser Baer | 75.85 | 7.06 | | Shriram Transport | 460.70 | 6.90 | | Tata Motors | 711.05 | 6.33 | | Losers | | ITC | 232.05 | -6.17 | | Tata Power | 1,212.95 | -4.12 | | Indiabulls Real Estate | 160.10 | -2.91 | | Shree Renuka Sugar | 166.65 | -2.71 | | HPCL | 346.65 | -2.30 |
| | Market Statistics | | - | BSE | NSE | | Advances | 1,848 | 1,134 | | Declines | 942 | 470 | | Unchanged | 84 | 41 | | Volume(Nos) | 36.31cr | 88.17cr | | | |
| | Market Commentary |
| | Budget pleases D Street | | Dalal Street was pleased with Pranab Da?s Union Budget 2010-11 with the equity benchmarks rising sharply higher. | Global signals
European shares were higher on early trades after the US market staged recovery and Telefonica was higher after its yearly results. At the time of writing this report, FTSE 100 was up 1.02%. |  | | | All the major Asian indices except Shanghai Composite and Jakarta Composite close higher. SGX Nifty closed 66 points up. | | US stock futures opened higher on Friday, pointing to a rise on Wall Street, as investors are eagerly awaiting preliminary estimates of Q4 gross domestic product growth.
Indian indices
The Sensex traded strong with nearly 250-point gains on the back of buying interest across all the sectors bar technology. It was a positive reaction to the Union Budget 2010-11 unveiled by the Finance Minister Pranab Mukherjee. The budget news helped the market to earn some gains and touch the day's high of 16669 on gains of 415 points. However, it erased some of the gains at close but still ending 175.35 higher.
Market sentiment
Despite ending high the advance/decline ratio, the number of advancing shares to declining shares, was positive. Of the 2,874 stocks traded on BSE, where only 1,848 stocks advanced, 942 stocks declined. Eighty-four stocks remained unchanged
Sectoral & stock screening
In a bull session, BSE Auto extended gains to 4.74%, as investors had already factored the rise in the excise duty in the budget, followed by BSE Metal that closed 2.58% higher and BSE Bankex that finished 2.26% up, as it stands most benefited from the budget. All the indices closed in positive except BSE IT and BSE FMCG, which wrapped the session 0.29% and 2.25% lower respectively.
On the stocks' front, Reliance Capital surged the most?by 8.12%?followed by IFCI, which rose 8.10%, and Moser Baer that jumped 7.06%. On the losers? list, ITC slid the most by 6.17%, followed by Tata Power, which declined 4.12%, and Indiabulls Real Estate that was down 2.91%.
Viewing volumes
IFCI was the most actively traded share with over 1.88 crore shares changing hands on the BSE followed by India?s second largest realty company Unitech (1.29 crore shares), wind power major Suzlon Energy (0.84 crore shares), aluminium major Hindalco Industries (0.52 crore shares) and No 1 realty company DLF (0.50 crore shares).
Today's major news -
Foreign exchange gains pull Ranbaxy Laboratories back into profit in Q4; the stock rises 2.86% -
Reliance Infrastruture bags Mumbai Sea Link deal; the stock moves 1.78% up -
DLF sells 1,200 housing units; the stock closes 2.73% higher -
Gammon Infrastructure bags a highway project; the stock rises 1.43% -
Power Grid Corporation of India approves Rs2,846 crore investment; the stock rises 0.75% | | |
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| European Indices at 16:00 IST on 26-02-2010 |
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| | Index | Level | Change (pts) | Change (%) | | FTSE 100 Index | 5332.15 | 53.93 | 1.02 | | CAC 40 Index | 3683.80 | 43.03 | 1.18 | | DAX INDEX | 5582.93 | 50.60 | 0.91 | |
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| Asian Indices at close on 26-02-2010 |
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| | Index | Level | Change (pts) | Change (%) | | Nikkei 225 | 10126.03 | 24.07 | 0.24 | | Hang Seng Index | 20608.70 | 209.13 | 1.03 | | Kospi Index | 1594.58 | 7.07 | 0.45 | | Straits Times Index | 2750.86 | 1.71 | 0.06 | | Jakarta Composite Index | 2549.03 | -30.38 | -1.18 | | Shanghai Composite | 3051.94 | -8.67 | -0.28 | |
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