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Sensex closes 17 pts up as Europe rallies, BHEL jumps 4%

The NSE Nifty recovered in late trade to close with moderate gains on Thursday. Indian market started recovering as European markets bounced on hopes that Greece referendum may not happen. The Nifty held on to the 5200 mark quite nicely since last week, which is looking like the support in the near term. The index rose 7.3 points, to end at 5,265.75. The 30-share BSE Sensex recovered 200 points from day's low, before closing up 17.08 points at 17,481.93.

European markets bounced back sharply after a fall of 1.5-2% in the initial trade. France's CAC and Germany's DAX moved up 1% each while Britain's FTSE rose 0.3%. Athex Composite (Greek) shot up 2.7% and IBEX (Spain) was up 1.25%.

Expiry Stats :
Open : 5241.15
High : 5402.75
Low : 5221.15
Close: 5295.85
Avg. : 5290.23

Yearly (2011) : 
Open : 6177.45
High : 6181.05
Low : 4720.00
Close: 5295.85
Avg. : 5593.59

NIFTY FUTURE 

R5 : 5456
R4 : 5408
R3 : 5368
R2 : 5338
R1 : 5298

CMP: 5295.95

S1 : 5278
S2 : 5258
S3 : 5236
S4 : 5221
S5 : 5175

Market Updates : 

Power Finance Corporation leads gainers in 'A' group

Sun TV Network, JSW Steel, Rural Electrification Corporation and Bhel are among the other gainers.

Power projects financier Power Finance Corporation jumped 5.70% to Rs 165. The stock topped the gainers in the BSE's 'A' group. The company will announce its Q2 September 2011 results on 9 November 2011.

Media company Sun TV Network galloped 5.66% to Rs 273.35. The stock was second biggest gainer in 'A' group.

After market hours today, 3 November 2011, Sun TV Network announced that its net profit rose 7.57% to Rs 180.12 crore on 8.26% increase in total income to Rs 469.88 crore in Q2 September 2011 over Q2 September 2010.

Steel maker JSW Steel climbed 4.77% to Rs 667.85. The stock was third biggest gainer in 'A' group. The company will announce its Q2 September 2011 results on 14 November 2011.

State-run power projects financier Rural Electrification Corporation rose 4.72% to Rs 194.25. The stock was fourth biggest gainer in 'A' group. The company will announce its Q2 September 2011 results on 12 November 2011.

India's largest power equipment maker by sales Bhel rose 4.18% to Rs 329.25. The stock was fifth biggest gainer in 'A' group.

Market closes flat for the second straight day ahead of G20 summit

Market provisionally closes on a firm note

The market breadth, indicating the overall health of the market, was negative. On BSE, 1458 shares declined while 1343 rose. A total of 120 shares were unchanged.

From the 30 share Sensex pack, 16 rose while the rest fell.

Power stocks gained. Bhel, Reliance Power, NTPC, Reliance Infrastructure and Tata Power Company rose by between 0.1% to 4.57%.

Interest rate sensitive realty stocks extended recent gains as the Reserve Bank of India (RBI) indicated pause on rate increases recently. Purchases of both residential and commercial property are largely driven by finance. DLF, HDIL, Indiabulls Real Estate, and Sunteck Realty rose by between 0.36% to 4.92%.

Note : Data From Capital Market And Money Control !

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