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Indian stock market daily closing report (November 16, 2009)

Contributed by Nirmal Bang

By Nirmal Bang

The Sensex closed above the psychological 17,000 mark while Nifty shut above the 5,050. The Sensex rallied 184 points to settle at 17,032 and nifty closed at 5,058 up 59 points or 1.18%. The broader indices also jumped over 1.2%. The breadth in the market was very strong but the total traded turnover was lower at Rs 76,481 cr. Realty, auto, oil & gas and metal stocks witnessed buying interest while technology stocks remained under pressure.

The BSE realty index rose 3.1 %. Ansal API jumped 9 % and Orbit Corp surged 7.8 %. DLF gained 4.54% and Unitech rose 2.74%.

The auto index on the BSE was up 2.9 %. In the auto space, Amtek Auto advanced 8.8 % and Bajaj Auto rose 3.5 %.

The metal index gained 2.4 %. Among the metal stocks, Hindustan Zinc surged 4 %. Sesa Goa and JSW Steel were up over 3 %.

The metal index gained 2.4 %. Among the metal stocks, Hindustan Zinc surged 4 %. Sesa Goa and JSW Steel were up over 3 %.

In the power pack, Suzlon Energy surged 8.10%. Reliance Power and Lanco Infra were up 5% each.

In the Sensex pack, Maruti Suzuki was the top gainer. The stock ended up 5.4 % at Rs 1,560. DLF rose 4.5 % and Hero Honda closed 3.8 % higher.

TCS and Infosys, however, were the major losers in the pack. TCS fell 0.6 % and Infosys finished down 0.3 %.