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Tuesday, January 02, 2007

Sensex inches closer to 14000


The market showed no signs of cooling off and remained extremely bullish on across-the-board buying support through the day. Spearheaded by the robust gains in several heavyweights, the Sensex commenced firm above the 13900 mark and soon surpassed 13950. Maintaining its upward bias the Sensex notched up gains as buying in auto, information technology and consumer goods stocks lifted the index to an intra-day high of 13980. The Sensex finally signed off at 13942, up 155 points, while the Nifty rose 41 points to close at 4007.

The breadth of the market was extremely positive. Of the 2,634 stocks traded on the BSE, 1,901 stocks advanced, 679 stocks declined and 54 stocks ended unchanged. On the sectoral front, the BSE Auto index advanced 3.22% at 5696 followed by the BSE IT index (up 1.83% at 5369), the BSE Teck index (up 1.38% at 3701), the BSE CG index (up 1.16% at 9196) and the BSE CD index (up 1% at 3608).

Among the gainers Satyam surged 5.04% at Rs508, Bajaj Auto soared 4.58% at Rs2,739, Maruti advanced 4.52% at Rs969, Tata Motors jumped 3.29% at Rs929, Hero Honda added 2.86% at Rs784, TCS was up 2.46% at Rs1,249, Hindalco advanced 2.18% at Rs178 and Gujarat Ambuja added 2.05% at Rs144. Ranbaxy Laboratories, Grasim, Infosys , NTPC, Wipro, and L&T also ended with strong gains. However, Tata Steel, Dr Reddy’s, HDFC, Reliance Communication, HDFC Bank and HLL inched marginally lower.

Several auto and auto ancillary stocks clocked significant gains. Mahindra & Mahindra zoomed 5.55% at Rs956, Hind Motors added 1.91% at Rs35, Ashok Leyland advanced 1.76% at Rs46, Cummins gained 1.75% at Rs282, Escorts was up 1.30% at Rs113 and Bharat Forge added 1.12% at Rs367.

Over 1.95 crore Nissan Copper shares changed hands on the BSE followed by Silver Line (1.22 crore shares), IFCI (1.18 crore shares), Pentium (76.05 lakh shares) and India Bulls (51.28 lakh shares).

Bihar Caustic at Rs54.40, Flex Industries at Rs144.30, Wartsila India at Rs371.15, Hanil Era at Rs19.55, Carol Info at Rs56.65, Shaw Wallace at Rs150.40 and Orient Paper at Rs511.75 hit their upper circuits during the day.