Sensex sizzles past 13100 in late rally

A sudden late spurt in heavyweight and sectoral stocks saw the Sensex close at 13131.
The northbound trend remained intact for the third consecutive session, with the Sensex registering smart gains on buying in heavyweights and several
sectoral stocks. After opening in positive territory at 13119, the market came under the influence of weak Asian indices and tumbled to an intra-day low of 13018 amid profit taking. The Sensex moved into positive territory and rallied past 13100 to touch a new high of 13147 in a late rally. The Sensex wrapped up the session with gains of 40 points at 13131. The Nifty gained 14 points to close at 3805.

However, the market breadth was negative. Of the 2,602 stocks traded on the BSE, 1,408 stocks declined, 1,116 stocks advanced and 78 stocks ended unchanged. Among the sectoral indices the BSE CD index led the upmove and rose 1.45% at 3266 followed by the BSE PSU index (up 1.24% at 6119) and the BSE Oil & Gas index (up 1.05% at 6318).

Leading the rally REL vaulted 6.90% at Rs511. ONGC surged 4.62% at Rs878, Gujarat Ambuja advanced 3.27% at Rs123, Dr Reddy's jumped 2.62% at Rs781, HDFC soared 2.6% at Rs1,480, ACC added 2.54% at Rs1,007, Bajaj Auto surged 2.12% at Rs2,839, NTPC gained 1.70% at Rs132 and Tata Steel moved up by 1.13% at Rs493. BHEL, Grasim, RIL, SBI and Cipla ended the day with marginal gains. However, Tata Motors shed 1.68% at Rs815, TCS was down 1.24% at Rs1,067 and Hindalco closed with losses of 1.06% at Rs187. HLL, Maruti, HDFC Bank, ITC, Wipro, Hero Honda, ICICI Bank, Infosys Technologies, Bharti Airtel, Satyam, Reliance Communication, L&T and Ranbaxy ended the day with marginally losses.

Over 133.02 lakh IFCI shares changed hands on the BSE followed by Silverline Technologies (92.39 lakh shares), Voltas (61.38 lakhs shares), Reliance Natural Resources (50.78 lakh shares) and Petronet LNG (47.02 lakh shares).

Value-wise Reliance Industries registered a turnover of Rs152.26 crore on the BSE followed by Kalyani Steel (Rs91.85 crore), McDowell (Rs80.18 crore), Reliance Capital (Rs74.17 crore) and Hindustan Zinc (Rs71.62 crore).