Sensex scales new heights

Twice during the day the Sensex moved above the 13200 level to touch an intra-day high of 13206.
The trading session was marked by range-bound moves and the market ended the day with the Sensex up 56 points at 13187 while the
Nifty closed at 3809,
up four points. Twice during the day the Sensex moved above the 13200 level to touch an intra-day high of 13206 before settling at its closing level.

There was weakness mainly in the PSU stocks, which topped the losers chart. Meanwhile, the market leaders like Infosys, Reliance Industries, Wipro and Satyam traded around their previous closes and did not have much impact on the market movement during the day. However, the day was ruled by HLL, which shot up by over 4% at Rs246.70. Bharat Forge, Glaxo Pharma, Indian Hotels and Crompton also recorded gains of over 4% each. The other counters that ticked positively during the day included Zee Tele, Tisco, Cipla and i-flex.


Maruti, BPCL, HPCL, Neyveli Lignite, Bank of Baroda and a few other PSU stocks were among the top losers during the day followed by Britannia, Wockhardt and Bajaj Auto.

A large number of second-line stocks recorded a sharp rise in their prices amid substantial volumes. Among the major gainers, HCL Info, Blue Star Info, TV18, Balaji Telefilms, Kopran Drugs, Saregama and Aban Lloyd topped the charts.

The cash segment clocked a combined turnover of over Rs12,000 crore as 1,415 scrips advanced on the BSE and 1,131 scrips declined during the day. Over 40 scrips touched new 52-week highs including Reliance Industries, i-flex Solutions, Indiabulls, India Infoline, BHEL and Grasim Industries.