Sensex at new peak
The stocks rally on Monday drove the Sensex to new heights on consistent flow of funds from all quarters on the back of active participation by foreign institutional investors, partly buoyed by a robust economic growth.
The Bombay Stock Exchange benchmark 30-share index climbed to a new intra-trade high of 8725.75 before ending at another new closing peak at 8697.65 against last Friday's close of 8634.48, a net rise of 63.17 points. The Sensex opened firm at 8662.99. The broadbased BSE-100 index rose by 43.54 points to 4610.17. Institutional investors' activity was largely confined to frontline stocks even as the mid-cap and small-cap counters attracted fairly heavy buying support from operators and retail investors, brokers said.
A strong growth of 8.1 per cent growth in gross domestic product during the first quarter of this fiscal backed by a robust growth in industry and services sectors bolstered sentiment with the market expecting encouraging second quarter corporate earnings.
Automobile stocks hogged the limelight scoring impressive gains on heavy buying support. Bajaj Auto, Tata Motors, Maruti Udyog, Satyam Computer, Infosys Technologies, HLL, Dr. Reddy's Lab, State Bank, Tata Steel, Wipro and ONGC recorded sharp gains.
The BSE Small-Cap index bounced back by 126.90 points or 2.23 per cent to 5824.59. The Mid-cap index recovered by 60.57 points to 4257.27.
The total volume of business fell further to Rs. 3,050.90 crore from Rs. 3,669.80. ICICI Bank clocked the highest turnover of Rs. 230.24 crore followed by Reliance (Rs. 167.46 crore).
The Bombay Stock Exchange benchmark 30-share index climbed to a new intra-trade high of 8725.75 before ending at another new closing peak at 8697.65 against last Friday's close of 8634.48, a net rise of 63.17 points. The Sensex opened firm at 8662.99. The broadbased BSE-100 index rose by 43.54 points to 4610.17. Institutional investors' activity was largely confined to frontline stocks even as the mid-cap and small-cap counters attracted fairly heavy buying support from operators and retail investors, brokers said.
A strong growth of 8.1 per cent growth in gross domestic product during the first quarter of this fiscal backed by a robust growth in industry and services sectors bolstered sentiment with the market expecting encouraging second quarter corporate earnings.
Automobile stocks hogged the limelight scoring impressive gains on heavy buying support. Bajaj Auto, Tata Motors, Maruti Udyog, Satyam Computer, Infosys Technologies, HLL, Dr. Reddy's Lab, State Bank, Tata Steel, Wipro and ONGC recorded sharp gains.
The BSE Small-Cap index bounced back by 126.90 points or 2.23 per cent to 5824.59. The Mid-cap index recovered by 60.57 points to 4257.27.
The total volume of business fell further to Rs. 3,050.90 crore from Rs. 3,669.80. ICICI Bank clocked the highest turnover of Rs. 230.24 crore followed by Reliance (Rs. 167.46 crore).
posted by Sensex-Blog Admin at 12:53 AM
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