Sowmya Sundar


Action returns

in construction stocks

Auto numbers

fuel interest

Active buying

in mid-caps

Good auto numbers, strong buying in


and renewed interest in mid-caps buoyed the markets.

The Sensex opened on a positive note, strengthened during the day and witnessed marginal weakness towards the close. The Sensex gained 1.16 per cent to close at 11,914.21 points. The BSE Midcap Index gained 1.93 per cent.

Sector-specific action

Auto and IT stocks stole the show among large-caps.


was up 4 per cent after the company reported a 54 per cent year-on-year jump in truck sales in August.

Tata Motors

posted a 26 per cent spurt in August vehicle sales.

TVS Motors

gained 12 per cent. IT stocks too were upbeat as


edged up another 2 per cent during the day. i

Gate Global, Patni Computers


Financial Technologies

too witnessed sharp price surges.

Construction stocks were back in favour after a long time.

Gammon, IVRCL, Era, Patel Engineering


Pratibha Industries

gained close to 5 per cent. These stocks also witnessed higher volumes.

Patel Engineering

was up on news that it may be eyeing a big-ticket domestic acquisition. The order flow too has been good for the company, especially in the hydropower segment.

Stock-specific action

United Western Bank

stock had a free fall after the RBI placed the bank under a moratorium due to its deteriorating financial condition.

Petronet LNG

was up 4 per cent on news that it is forming a joint venture with the Adani Group for building a solid cargo port in Dahej in Gujarat. The port will cost about Rs 1,150 crore and will be completed in three years.

Gujarat State Petronet

was up 5.8 per cent on inking a 15-year agreement with Reliance Industries for transportation of gas from Baruch to Jamnagar.

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was up 3 per cent after it bagged orders for supplying 50 wind turbines to the Edison Mission group. The order is worth Rs 500 crore.

McLeod Russel

plans to raise Rs 135 crore through private placement of equity shares. The stock was up 2.7 per cent.

Indo Tech Transformers

upbeat on a technical and marketing tie up with Du Pont.

Essel Propack

shot up after it announced the acquisition of the packaging unit of the Chennai-based company Cavincare.


vaulted 10 per cent on reports that it is bidding for orders worth Rs 1,200 crore from the renovation of Mumbai and Delhi airports.


was up 18 per cent.

Punj Loyd, Jyoti Structures, Praj Industries, Bharat Bijle


Areva T&D

are some of the top gainers in the Capital goods segment.

Divi's Labs, Balrampur Chini, Essel Propack, NDTV, Max India, Dabur


Zee Telefilms

are among the prominent gainers.


spurted another 4.8 per cent after a solid rally in the last few days.

Petron Engineering, Crest Animation, Munjal Showa, Gati, Patel Roadways, Zuari Industries, Upper Ganges, Tata Tea, Grauer&Weil



figured in the losers list.

(This article was published in the Business Line print edition dated September 5, 2006)
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