Closer to 10K

The market showed no signs of cooling off and remained extremely bullish on across-the-board buying support all through the day. Spearheaded by robust gains in several heavyweights, Sensex commenced firm above 9,950 and soon surpassed 10,000. Maintaining its upward bias the 30-stock index notched up gains as buying in consumer durable, realty and banking stocks lifted the index to an intra-day high of 10,070. Sensex finally signed off at 9,958, up 55 points, while Nifty rose 13 points to close at 3,047.

The market breadth was extremely positive. Of 2,600 stocks traded on BSE, 1,702 stocks advanced, whereas 820 stocks declined. Seventy eight stocks ended unchanged. On sectoral front, BSE CD advanced 2.44% followed by BSE Realty (up 2.07%), BSE Bankex (up 1.60%), BSE Power (up 1.33%) and BSE Oil (up 1.32%).

Among gainers, Hindalco Industries surged 3.23% at Rs55.95, DLF soared 3.03% at Rs300.60, Reliance Infrastructure advanced 2.96% at Rs630.50, HDFC jumped 2.67% at Rs1544.95, Tata Motors added 2.57% at Rs175.35, Reliance Industries was up 2.41% at Rs1,283.90 and Reliance Communications added 2.02% at Rs250.35. Mahindra & Mahindra, ITC, ICICI Bank , State Bank of India, National Thermal Power Corporation and Bharat Heavy Electricals Ltd also ended with strong gains. However, Satyam Computer Services, Bharti Airtel, Wipro, Tata Power, Infosys Technologies and Hindustan Unilever crept marginally lower.

Over 3.31 crore shares of Unitech changed hands on BSE followed by Reliance Natural Resources (3.02 crore shares), GVK Power & Infrastructure (2.03 crore shares), Suzlon Energy (1.96 crore shares) and Satyam Computer Services (1.51 crore shares).