Sensex rallies, closes below 15,800

Today, the market recovered from the last session’s losses and rose in tune with the global market indices. Trading in a positive territory throughout the trading session, the Sensex opened 47 points higher from its last close at 15,390 and registered steady upmove, before selective profit-taking capped the gains by early noon trades. While the market re-grouped thereafter, unabated buying towards the mid hours of the trading session triggered a massive rally, which propelled the index to an intra-day high of 15,852, up 509 points from the Friday’s close. The Sensex finally signed off the session with gains of 414 points at 15,757, while the Nifty moved up 114 points to close at 4,761.

The market breadth was positive. Of the 2,684 stocks traded on the BSE, 1,556 stocks advanced, 1,074 stocks declined and 54 stocks ended unchanged.

The BSE Bankex index (up 4.14%) led the sectoral indices followed by the BSE FMCG index (up 4%), the BSE Metal (up 2.76%), the BSE Oil & Gas index (up 2.60%), the BSE CD index (up 2.52%), the BSE HC index (up 2.47%) and the BSE Teck index (up 2.04%). Remaining indices gained 1% each.

Leading the uptrend, ICICI Bank surged 5.97% at Rs750, Ranbaxy Laboratories rose 5.59% at Rs483.85, Jaiprakash Associates jumped by 4.84% at Rs231.95, HUL soared 4.74% at Rs353, ITC added 4.73% at Rs210.30, Wipro moved up 4.42% at Rs433.95, Bharti Airtel scaled up 4.42% at Rs818.40 and SBI was up 4.24% at Rs1673. Other notable gainers include RIL, TCS, Grasim Industries, Tata Motors, Tata Steel, Hindalco Industries and DLF, while Ambuja Cement, Maruti Suzuki and Reliance Energy were the laggards.

Among the Bankex gainers, Union Bank, Bank of India, ICICI Bank, IOB, Axis Bank, Bank of Baroda, Punjab National Bank, State Bank of India and Canara Bank flared up 4-8% each.

Dalal Street Investment at Rs2091.80, Gujarat Foils at Rs109.75, Filatex Fashion at Rs35.20, Sel Manufacturing at Rs396.40 and Sita Shree at Rs46.65 touched their all-time highs on the BSE.

Over 3.79 crore Sita Shree shares changed hands on the BSE followed by IB Securities (1.51 crore shares), RNRL (1.24 crore shares), Ispat Industries (1.18 crore shares), RPL (1.07 crore shares) and Orchid Chemical (1.05 crore shares).