Friday, April 21, 2006

Indian Stock Market - Week in Review

Week in Review : 17 to 21 Apr,2006
This week was historical, Sensex closed well above 12,000 mark and achieved another milestone.This week also saw Tech Giants like TCS and Wipro posting results beyond dalal street expectations, but yesterday Satyam's number were slightly below expectation which changed the market sentiment a bit and for the first time in the week, markets closed in red, But Satyam achieved a key milestone as a company, becoming a $1 bn company, with this it can bid for bigger orders.

On Monday Sensex opened at 11,237 and closed on Fri at 12,030 up by a whooping +793 points rally.

Highlights
- The week also saw few more Indian companies joining the $1 bn club
- The RPL IPO closed on 20-Apr-2006 and it created new history

BSE MidCap
Monday : 5,370 and closed on Friday at 5,627.29 up by +257 points

BSE SmallCap
Monday : 6,738 and closed on Friday at 6,998 up +260 points

Nifty also ended at historic high
Monday : 3,345 and closed on Friday at 3,573 up +228 points.

Nifty Junior
Monday : 6,383 and closed on Friday at 6,599 up +216 points.

CNX IT
Monday : 4140.45 and closed on Friday at 4,463 up +323 points.

CNX 100
Monday : 3268.85 and closed on Friday at 3,474 up +206 points.


This weeks Star was Reliance, which touched a new high and it's RPL IPO over subscribing by 50 times or more.Their stocks jumped by about 15% to close on Friday at 974.


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