The domestic market concluded today’s session in green with a smart recovery from yesterdays’ losses. Market did not reacted to weak European market and inflation rate, which touched a fresh high of 11.63% for the week ended 21st June 2008 as against 11.42% of the previous week. The domestic market tumbled at opening but soon started to recover and extended its gains to close in positive territory on the back of buying interest from the beaten down sectors like realty, capital goods, power, banking and oil stocks. The BSE Sensex closed above 13,400 points today and NSE Nifty above 4,000. All indices except Metal closed in green and among those Capital Goods, Reality, Power Oil & Gas and Bank stocks outperformed the benchmark index as witnessed most of the buying pressure. The Capital Goods and Reality indices closed with gain of more than 6%. The market breadth was positive as 1696 stocks closed in green while 898 stocks closed in red and 83 stocks remained unchanged.

The BSE Sensex closed higher by 359.89 points at 13,454.00 and NSE Nifty ended up by 90.25 points at 4,016.00. The BSE Mid Caps and Small Cap closed positive with gain of 116.48 points and 100.50 points at 5,278.24 and 6,449.57 respectively. The BSE Sensex touched intraday high 13,509.74 of and intraday low of 13,027.79.

Gainers from the BSE are Reliance Com Ltd (12.50%), JP Associated (10.65%), DLF Ltd (8.56%), BHEL (7.43%), Reliance Infra (7.21%), L&T Ltd (6.53%), HDFC (6.20), Ranbaxy Lab (4.75%),ICICI Bank Ltd (4.67%) and Ambuja Cement (3.89%).

The Capital Goods index gained 679.27 points to close at 10,686.55. Major gainers are Punj Lloyd (14.14%), Alstom Proje (13.23%), Siemens Ltd (11.27%), Areva (9.07), Crompton Greaves (8.48%) and Suzlon Energy (7.34%).

The Reality Index closed higher by 335.13 points at 4,630.35. Gainers are Ansal Infra (13.59%) along with Housing Development (12.88%), Penland Ltd (10.08%), Mahindra Life (9.72%), DLF Ltd (8.56%) and Unitech Ltd (7.79%).

The Banking index closed up by 173.04 points at 5,820.83. Gainers are Indian Overseas Bank (6.60%), Yes Bank (5.48%), Kotak Bank (4.88%), ICICI Bank Ltd (4.67%), Axis Bank (3.42%), and Allahabad Bank (3.18%).

The Oil & Gas index closed higher by 143.69 points at 9,066.16. As Reliance Natural Resources (8.75%), Essas Oil Ltd (6.49%), Aban Offshore (2.77%), Reliance Petroleum (2.06%) and ONGC (1.99%) closed in positive territory.

The Power Index closed higher by 132.61 points at 2,306.24. Gainers are Siemens Ltd (11.27%) along with Tata Power (9.08%), Areva (9.07), Crompton Greaves (8.48%), Suzlon Energy (7.34%), Reliance Infra (7.21%) and ABB Ltd (6.02%).

The Metal index closed down by 75.91 points at 12,037.64. Lossers are Tata steel (2.64%), Sterlite In (2.38%), Maharashtra Seamless (1.04%), Sesa Goa Ltd (1.04%), Gujarat Nre C (0.79%) and Bhushan Steel (0.75%).

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The market is witnessing significant buying support from the indices like Realty, Capital Goods, Power and Banking stocks. However, the metal stocks are still under pressure. The BSE Sensex managed to trade above the 13300 mark and the NSE Nifty above the 4000 mark in the afternoon trade.

The overall market breadth is positive, as 1539 stocks are advancing whereas 973 stocks that are declining.

DLF reported the top gainer from the BSE Sensex pack. It is trading higher by (10.12%) at Rs.420.50 while Tata Steel the top loser down by (2.78%) at Rs.639.15.

At 2.31PM BSE Sensex is at 13,360.53 up by 266.42 points and Nifty is at 4,013.95 up by 88.20 points.

The BSE Mid Cap is higher by 88.03 points to 5,249.79 and the Small Cap advanced by 74.49 points to 6,423.66.

The BSE Realty index is the top gainer today trading with a gain of 355.67 points at 4,650.89. The main gainers are HDIL up by (11.45%) at Rs.407, DLF increased by (10.12%) at Rs.420.50 followed by Mahindra Life and Unitech inclined by (8.33%) and (7.66%) to Rs.437 and 165.80 respectively.

The most active shares on NSE are Reliance Capital trading at Rs.971.05 with a total traded quantity of 7062384 shares followed by Reliance trading at Rs.2090 with a total traded quantity of 3123067 shares.

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