Sensex ends above 19k since Jan 2008

Indian equities continued to gain for the fifth day on Monday. It was a spectacular rally witnessed in D-Street today. Indian shares risen to their peak level in more than two and a half years (since 2008) after data showed industrial output rose faster than expected. July`` factory output was up 13.8% compared with a year ago. As the day progressed, the index mounted further sustaining 19,000 mark on the back of strong global confidence and aggressive buying funds by investors. Finally, it ended on a bright note after hitting a high of 19,243.44 and Nifty maitaining its 5,700 mark. Both Sensex and Nifty traded 32 month high



At the close, the benchmark 30-share index, BSE Sensex added 408.67 points or 2.17% at 19,208.33 with 26 components registering rise. Meanwhile, the broad based NSE Nifty climbed by 119.95 points or 2.13% at 5,760 with 42 components posting rise.

On global front, European stocks advanced to a four-month high as higher-than-estimated industrial output in China eased concern the global economy is faltering. US index futures also gained. Asian stocks rose, driving up the MSCI Asia Pacific Index by the most in more than four months, after higher-than-forecast wholesale inventories in the U.S. and China`s industrial output increased at a faster pace than economists estimated.

Sensex Movers

Reliance Industries contributed rise of 80.63 points in the Sensex. It was followed by I C I C I Bank (67.99 points), State Bank Of India (61.65 points), Housing Development Finance Corporation (57.54 points) and Infosys Technologies (28.22 points).

However, Wipro contributed fall of 3.33 points in the Sensex. It was followed by Bharti Airtel (1.05 points), Reliance Communications (0.67 points), Hero Honda Motors (0.64 points) and Grasim Industries (0.12 points).

Major gainers in the 30-share index were State Bank Of India (5.52%), Housing Development Finance Corporation (5.32%), Hindalco Industries (4.53%), Reliance Energy (4.47%), I C I C I Bank (4.43%), and Reliance Industries (3.58%).

On the other hand, Wipro (1.27%), Reliance Communications (0.43%), Hero Honda Motors (0.28%), and Bharti Airtel (0.17%) were the major losers in the Sensex.

Mid & Small-cap Space

The BSE Mid and small caps underperformed their larger counterparts gaining 0.77% and 0.22% respectively.

The major gainers in the BSE Midcap were Alstom Projects India (2.16%), Aban Offshore (1.08%), A I A Engineering (0.85%), Ackruti City (0.48%) and Alfa-Laval (India) (0.18%).

The major gainers in the BSE Smallcap were Genesys International Corporation (5.1%), Aegis Logistics (2.22%), Adhunik Metaliks (1.48%), Advanta India (0.71%) and Reliance MediaWorks (0.5%).

Sectors in Limelight

The Bankex index was at 13,454.56, up by 470.37 points or by 3.62%. The major gainers were I C I C I Bank (4.43%), Bank Of Baroda (3.09%), Bank Of India (2.38%), Canara Bank (2.13%) and H D F C Bank (1.86%).

The Oil & Gas index was at 10,436.47, up by 261.36 points or by 2.57%. The major gainers were G A I L (India) (1.96%), Essar Oil (1.46%), Aban Offshore (1.08%), Cairn India (0.25%) and Bharat Petroleum Corporation (0.16%).

The Realty index was at 3,640.74, up by 87.24 points or by 2.46%. The major gainers were D L F (3.42%), D B Realty (2.7%), Indiabulls Real Estate (2.09%), Housing Development and Infrastructure (1.69%) and Ackruti City (0.48%).

The Metal index was at 16,388.45, up by 256.99 points or by 1.59%. The major gainers were Hindalco Industries (4.53%), JSW Steel (1.97%), Hindustan Zinc (1.27%), National Aluminium Company (0.45%) and Jindal Steel & Power (0.33%).


Market Breadth

Market breadth was negative with 1,538 advances against 1,489 declines.

Value and Volume Toppers

State Bank Of India topped the value chart on the BSE with a turnover of Rs. 2,910.93 million. It was followed by Reliance Industries (Rs. 1,153.86 million), V I P Industries (Rs. 1,088.03 million) and Tata Steel (Rs. 1,038.40 million).

The volume chart was led by Shree Ashtavinayak Cine Vision with trades of over 15.85 million shares. It was followed by Gujarat Pipavav Port (10.92 million), Rana Sugars (7.40 million) and Unitech (3.28 million).