Market Opens Positive, Continues To Trade Confidently

After opening optimistically at 13,886.71, the 30-share index
continues to trade in the positive zone. Select stocks from cement,
banking, automobile and pharmaceutical led the progressions while IT
stocks turned down.

According to Ashwin Gada, broker, Networth Stock Broking told that
the market is likely to be a little explosive for coming two three
days. He added that the share index may further reject 50--100 points
today and the Nifty may subsequently descend to 4080 level.

Sensex experienced 1,182 advancements as against 802 declinations whereas 77 remained unchanged.

Among the sectoral indices, BSE Bankex arose 0.76%, BSE Auto
ascended 0.41%, BSE IT rejected 0.33% and BSE Metal climbed up 1.35%.

The major gainers’ on the index were ACC that climbed 2.74% to Rs
886, Hindlaco arose 2.24% to Rs 148.20 and Tata Steel got up 2.17% to
Rs 563.90. The other major gainers’ were ICICI Bank, Grasim and L&T.

The losers’ on the index were Hero Honda, which rejected 1.04% to Rs
697, HDFC Bank slumped 0.98% to Rs 990.25, and Infosys ruled out 0.73%
to Rs 2,024. Other losers were ITC, Wipro and TCS.

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