Market surpasses 14000

The Sensex touched an intra-day high of 14036 on the back of the gains of over 94 points in early trades. However the market lost some momentum and was range-bound with a positive bias for the rest of the session. Profit taking in mid-session saw the index touch a low of 13898, down 44 points. The Sensex witnessed an intra-day swing of 138 points and closed with gains of 73 points at 14015. The Nifty advanced 17 points to close at 4024.

The breadth of the market was positive. Of the 2,700 stocks traded on the BSE, 1,697 stocks advanced, 944 stocks declined and 59 stocks ended unchanged. Barring the BSE FMCG index and the BSE Oil & Gas index, the remaining sectoral indices finished with gains. The BSE CD index gained 1.61% followed by the BSE IT index (up 1.52%), the BSE HC index (up 1.42%), the BSE Teck index (up 1.30%) and the BSE Auto index (up 0.46%).

Leading the rally Bajaj Auto surged 3.79% at Rs2,843, Ranbaxy soared 3.48% at Rs412, TCS advanced 2.62% at Rs1,281, Cipla added 2.50% at Rs258 and Infosys was up 1.77% at Rs2,313. Among the other gainers IndusInd Bank surged 14.85% at Rs56, Polaris soared 12.31% at Rs196, IGate Global advanced 7.03% at Rs377 and Pfizer rose 7.03% at Rs829. Welspun Gujarat, Sterlite Optical, Dabur India, Balaji Telefilms and Moser Bear advanced by 3-6% each.

Development Credit Bank was the most actively traded counter on the BSE with trades of over 1.04 crore shares followed by Pentium Infotech (87.46 lakh shares), Bellary Steel & Alloys (81.37 lakh shares), IFCI (45.75 lakh shares) and IndusInd Bank (39.21 lakh shares).

Several FMCG stocks rallied sharply on sustained buying support. Rajesh Exports soared 4.98% at Rs373, Goldiam surged 4.98% at Rs113, Titan Industries advanced 2.05% at Rs895, Blue Star added 1.33% at Rs194 and Videocon Industries gained 0.91% at Rs461.

Value-wise Satyam Computers registered a turnover of Rs103.56 crore on the BSE followed by HDFC (Rs67.71 crore), Reliance Industries (Rs62.55 crore) and Infosys (Rs52.21 crore).