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Market Today - Rebound

Markets opened gapup on strong U.S. and Asian clues, but not able to maintain these levels.Sensex opned with a long gap of 146 points @ 13007 but dropped to a low of 12,697 in noon deals. But then recovred a lot on a news of maybe Senate can pass a new bailout plan tonight and vote in favour of the motion. Sensex finally closed at 195 points up at 13055 and NSE Nifty shuts it shop at 3950 up 29 points only. Rupee also touched a new 64 month low of 47.23 but finally settled at 46.61. This help IT stock to surge and gives a inproportionate gain to BSE SENSEX over NSE Nifty , which has a higher weighage then Nifty. All Asian market was on mixed bag - Nikkei, Taiwan and Hangsang were on gaining side and Kospi and Straigh Times were down. All European market were up by 0.5% - 1% while DAX closed on Red for about 24 points or 0.5% .  Tomorrow market will be closed on account of Gandhi Jayanti and Lal Bhadhur Shastri Jayanti.  

Bankex were again the star of today trade, and second most sector on Gaining side. While the top most firing sector was IT due to Rupee depriciation to 47.23 a new 64-month low.  IT and Bankex were 4% and 3.2% respectively. On laggerds , Oil and Gas Sector and Realty were legged behind and down about 1.1% and 2.3% respectively. All Sector on BSE ended on Northward except these two. Satyam and JP Associates was the gem of today trade both gained more than 7% and Reliance and DLF was the crushed today and finally closed on Red note with 2% each.

NSECash Rs.10793.25 BSECash-Rs.4357.88 Future Rs.47733.85

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