Sensex beats previous best

Widespread buying across the board saw the Sensex end the day at a new closing high of 13091.
Buoyed by the strong international indices and continuing foreign institutional investor inflows, the market extended its upmove for the second
consecutive session and touched a new intra-day high of 13138 on broad-based buying support. The Sensex made a perfect start by commencing firm at 13063, 30 points above its previous close of 13033. After crossing 13100 in early trades, the market remained extremely upbeat in the second half of the trading session as strong gains led by oil and gas, CD, PSU and CG stocks lifted the index to a new intra-day high of 13138. The Sensex wrapped up the session with gains of 58 points at 13091, while the Nifty advanced 24 points to close at 3791.

Driving the rally, ONGC surged 4.35% at Rs839. Maruti advanced 2.03% at Rs982, RIL gained 1.53% at Rs1,284, HDFC Bank surged 1.47% at Rs1,009, Bajaj Auto shot up by 1.41% at Rs2,781, Ranbaxy jumped 1.41% at Rs404, Bharti Airtel added 1.40% at Rs549, L&T moved up by 1.35% at Rs1,339 and Dr Reddy’s was up 1.26% at Rs761. HDFC, Reliance Communication, SBI, Grasim, ACC, ICICI Bank, HLL and Hero Honda also ended in positive territory. However, on the negative side, Satyam was a major loser and shed 1.79% at Rs427 followed by ITC that was down 1.05% at Rs187. Infosys shed 0.90% at Rs2,081 and Hindalco slipped 0.84% at Rs189. NTPC, Wipro, Tata Steel, Cipla, REL, TCS, BHEL, Gujarat Ambuja and Tata Motors ended the day with marginal losses.


The breadth of the market was mixed. Of the 2,591 stocks traded on the BSE, 1,224 stocks advanced, 1,295 stocks declined and 72 stocks ended unchanged. On the sectoral front, the BSE Oil & Gas index was the biggest gainer and was up 1.86% at 6252 followed by the BSE PSU index (up 1.17% at 6045), the BSE CD index (up 1.03% at 3220) and the BSE CG index (up 0.78% at 8807).

Over 89.35 lakh Development Credit Bank shares changed hands on the BSE followed by Silverline Technologies (88.85 lakh shares), Reliance Natural Resource (50.42 lakh shares), Indiabulls (42.62 lakh shares) and Morepen Laboratories (39.99 lakh shares).

Value-wise Reliance Industries registered a turnover of Rs207.21 crore on the BSE followed by Indiabulls (Rs200.64 crore), Gayatri Projects (Rs80.59 crore), Ansal Infrastructure (Rs80.46 crore) and Tata Motors (Rs78.10 crore).