Market gains 90 points at 13707

The market continued to post strong gains as relentless buying in the afternoon triggered a massive rally that saw the index move above the 12700 mark. The Sensex opened eight points higher at 13625 and substantial buying in the second half of the trading session in blue chip counters lifted the index to an intra-day high of 13740, up 123 points from the day's low. The Sensex finally ended the session with gains of 90 points at 13707 while the Nifty advanced 36 points to close at 3955. In intra-day trades the Nifty touched an all-time high of 3960.

The market breadth was positive on the BSE. Of the 2,614 stocks traded, 1,311 stocks advanced, 1,229 stocks declined and 74 stocks ended unchanged. The Nifty’s breadth was also positive. Among the sectoral indices the BSE CG index rose 2.39% at 9004, while the BSE Auto index and the BSE Teck index gained 1% each. On the other hand the BSE FMCG index closed in negative territory.

Among the gainers Hinduja TMT added Rs37 at Rs544, ICI India surged Rs24 at Rs372, Finolex Cable soared Rs30 at Rs372, Hindustan Zinc gained Rs53 at Rs923, Exide Industries added Rs2 at Rs41, Bombay Dyeing advanced Rs46 at Rs818 and Jindal Saw was up Rs21 at Rs382. India Cements gained Rs12 at Rs225, Satyam Computers was up Rs24 at Rs478 and Nicholos Piramal advanced Rs12 at Rs242. Cadila Healthcare, Jet Airways, Cummins India, United Phosphorous, Engineers India, Mirc Electronics, Asani Enterprises and Novartis gained around 4% each.

Among the capital goods scrips Tantia Construction surged 10.50% at Rs163, Siemens soared 9.57% at Rs1331 and Everest Kanto gained 8.73% at Rs535. Jyoti Structures, Emco, Areva, DS Kulkarni, Best & Crompton, Manugraph and Prajay Engineers surged 4-5% each.

Over 20.93 lakh sterling Biotech shares changed hands on the BSE followed by SAIL (20.68 lakh shares) and Reliance Communication (20.05 lakh shares).