Market clocks new peak above 15000

The market continued with its awesome display and achieved a new peak on the back of all-round buying. Resuming on a firm note at 15019, 55 points above its previous close of 14964, the Sensex rallied sharply and zoomed above the 15050 mark to touch a new intra-day high of 15085 on strong upmove in most of the index heavyweights and other side counters. However, profit-taking in select counters, particularly, in Reliance Energy, towards the close saw the Sensex pare gains to a considerable extent and close at a new high of 15046, up 82 points. The Nifty also edged higher and closed at 4417.

The breadth of the market was positive. Of the 2,736 stocks traded on the BSE, 1,606 stocks advanced, 1,063 stocks declined and 67 ended unchanged. Among the sectoral indices, the BSE PSU index, the BSE Teck index and the BSE CG index rose around 1% each, while the BSE FMCG index and BSE Auto index were the only laggards and ended marginally weak.

Among the movers of the index, Reliance Energy soared 2.94% at Rs615.50, L&T rose 2.17% at Rs2,415.80, Bharti Airtel scaled up 1.98% at Rs884, ONGC added 1.88% at Rs895.85, TCS moved up by 1.51% at Rs1,176 and SBI was up 1.36% at Rs1,571. HDFC Bank, BHEL, NTPC and Wipro gained over 1% each. HLL, however, faced heavy profit booking and lost 2.30% at Rs195.35, while ICICI Bank declined 1.13% at Rs970. Mahindra and Mahindra, Cipla, Grasim and Maruti Udyog ended with marginal losses.

PSU stocks continued to trade in the limelight. Union Bank of India advanced 11.82% at Rs145.20, Dena Bank rose 7.63% at Rs52.20, Indian Overseas added 6.65% at Rs125.90 and Vijaya Bank gained 6.07% at Rs53.30. Corporation Bank, Oriental Bank, Rashtriya Chemicals, Indian Bank and UCO Bank were up 4-6% each.

Ambalal Sarabhai Enterprises at Rs24.75, Reliance Capital at Rs1,164.30, Morgan Stanley at Rs49.45, Prism Cements at Rs49.15, Sub Projects at Rs275, SOLIX Technologies at Rs44.95, Borosil at Rs620.85, Asian Electricity at Rs1,051.10 and Emco at Rs951 touched new intra-day highs on the BSE.

Over 1.73 crore IFCI shares changed hands on the BSE followed by GV Films (83.12 lakh shares), Roman Tarmat (81.89 lakh shares), IKF Technologies (69.53 lakh shares) and RNRL (41.60 lakh shares).

Value-wise Roman Tarmat registered a turnover of Rs269 crore followed by Vishal Retail (Rs245 crore), DIVIS Lab (Rs202 crore), Akruti Nirman (Rs179 crore) and ICICI Bank (Rs146 crore).