market sentiment was also aided by expectations that hostilties
in the Indo-Pak border may not escalate into a full-fledged conflict.
BSE Sensex closed for the year at 3262.33 points, up by 77.89 points
(or 2.45 per cent). The Sensex however, ended the year with nearly
an 18 per cent decline in value.
gross turnover at the BSE inched up marginally from Rs. 1505.92
crore on Friday's trading to Rs. 1508.15 crore during the day.
advances to declines ratio was overwhelmingly in favour of the gainers,
with 1,024 stocks gaining in value while 117 stocks logged declines.
broad-based and composite BLó 250 Index also appreciated by 2.3
per cent (or 21.9 points) to close for the year at 968.3 points.
The market capitalisation of the BLó 250 Index was Rs. 3,89,250.80
crore, gained by Rs 8984.80 crore from Friday's close.
the sectoral indices ended in the postive territory. Among the major
gainers were PSU Index, which appreciated by 2.8 per cent, Capital
Goods Index by 2.7 per cent and Banks & FI Index by 2.6 per cent.
the industrial indices, the major gainers were Tyres and Tubes -8.8
per cent, Detergents - 6.4 per cent, Petroleum - Refining and Steel
Products - 6 per cent and Chemicals - Inorganic and Speciality -
5.8 per cent.
list of gainers was populated with second rung software stocks,
which went up sharply accompanied by robust trading volumes. Among
the major gainers were Soffia Software, MphasiS BFL, Mascon Global,
CMC, Pentamedia Graphics and Silverline Technologies.
MphasiS BFL stock appreciated by Rs. 51.9 (or 20 per cent) to settle
at Rs. 311.45. The trading volumes surged from 3617 shares on Friday's
trading to 19381 shares on Monday's trading.
Mascon Global stock also appreciated sharply by Rs. 11 (or 20 per
cent) to close for the day at Rs. 66. The trading volume shot up
from 3.89 lakh shares on Friday's trading to 6.01 lakh shares during
movement has to be seen in the light of an issue of 25 lakh equity
shares proposed by the company at a price of Rs 50 per share.
Sierra Optima stock closed for the day at Rs. 63, appreciating by
11.85 (or 23 per cent) during the day. This uptrend has to be viewed
in the light of the decision of Sierra Optima to restructure and
reduce the share capital of the company. This move by the Sierra
Optima management has been initiated in the light of Sierra Atlantic
severing the links with the company sometime back..
other major gainer during the day was CMC. The stock appreciated
by Rs. 60.65 (or 20 per cent) to close at Rs. 364.05. Following
the change in management, with Tata Sons assuming charge, the stock
has been on an uptrend and has landed a couple of contracts.
rally even extended to other media and entertainment stocks also.
The Mukta Arts stock appreciated by Rs. 11.9 to close for the day
at Rs. 71.45. The trading volumes jumped from 8842 shares on Friday
to 70,305 shares during the day.
Industries stock appreciated by Rs. 17.2 to close for the day at
Rs. 113.20. The trading volumes jumped from 100 shares on Friday's
trading to 5,23,589 shares during the day's trading.
losers during the day were Marico Industries, Reckitt Benckiser,
Good Year, Ashok Leyland, EIH, Shri Adhikari Bros, NIIT and Gujarat
Ashok Leyland stock dipped by Rs. 2.40 to close for the day at Rs.
69.65. The trading volumes jumped from 16837 shares on Friday's
trading to 46918 shares during the day's trading. The fall has to
be seen in the light of the resignation of the Executive Director
(Marketing) last week.
NIIT stock also remained depressed and settled lower by Rs. 3.35
to close at Rs. 224.30. The trading volumes surged from 11.18 shares
on Friday's trading to 27.54 lakh shares during the day's trading.