Buoyancy lifts Sensex to cross 13500 mark

Today was the decisive day for the market as to see weather the bears are tightening their grip or bull run is still there. After opening with a positive gap of 75 points the Sensex rallied past to close the session at 13487 with the gains of 306 points. Buoyancy among heavyweights, consumer durables, banking, IT and tech stocks kept the sensex moving upwards throughout the session. However, profit booking in some of the consumer goods and banking stocks in the closing session saw the Sensex to slip the days high of 13525. While the Nifty added 78 points to close at 3843.

The breadth of the market was positive. Of the 2,596 stocks traded on the BSE, 2,063 stocks advanced, 478 stocks declined and 55 stocks ended unchanged. Among the sectoral indices the BSE CD index jumped 3.97% at 3,337 followed by the BSE Teck index (up 2.71% at 3,553), the BSE IT index (up 2.69% at 5128) and the BSE Bankex index (up 2.58% at 6899).

Barring a few select counters, most of the heavyweights ended at higher levels. Among the blue chips ICICI Bank shot up by 4.69% at Rs869, Satyam Computers soared 4.46% at Rs468, CIPLA surged 4.05% at Rs248, NTPC advanced by 4% at Rs146, HLL added 3.65% at Rs227, Reliance Energy moved up 3.28% at Rs532, Gujrat Ambuja scaled up 3.28% at Rs139 and Reliance Communication was up 3.28% at Rs447. Among the laggards Hero Honda dropped 0.75% at Rs713 and SBI shed 0.42% at Rs1223.

Consumer durables stocks were in the limelight and closed with strong gains. Titan Industries vaulted 6.17% at Rs753, Lloyd electric soared 5.72% at Rs148, Gitanjali Gems surged 5.08% at Rs199 and Rajesh Exports advanced by 5% at Rs330. Videocon Industries, Goldiam International, and Blue star gained 1-3% each. Among the IT stocks HCL Tech, Mphasis BFL, Satyam computers, Hexaware and wipro gained 2-6% each.

Tata steel clocked a turnover of Rs117 crore on the BSE followed by Reliance Industries (Rs117 crore), Parshwanath (Rs110 crore), Century Textile (Rs109 crore) and Unitech (Rs107 crore).