Markets end firm:Sensex breaches 15K mark
It was a historical day for the markets, with the barometer index BSE Sensex hitting the 15000 level,except for the small hiccup in early trade.The markets outperformed despite negative cues from Asia and Europe. Technology stocks were the top contributors to the rally followed by capital goods and oil & gas stocks.
The benchmark 30-shares BSE Sensex ended up 95.75 points at 14,957.64,while the S&P CNX Nifty also struck an all time high of 4,411 in late-afternoon trade, and settled 29.35 points higher at 4383.30, as per provisional close.
It has taken seven months for the Sensex to move from 14,000 to 15,000. The index had first hit 14,000 on 5 December 2006. In contrast, it had taken just 26 trading sessions for the Sensex to reach the 14,000 level after it had hit the 13,000-mark on 30 October 2006.It took about 17 months for the Sensex to move from the 10,000 level to 15,000. The barometer index had first struck 10,000 mark on 6 February 2006.
IT pivotals dominated gainers, with 4 from the top 5 Sensex gainers being IT stocks. They advanced on fresh buying after the Indian rupee today, Friday, 6 July 2007, turned weak and was quoted at 40.47/48 against the US currency due to suspected intervention by the central bank and dollar buying by oil refinery companies.
Satyam Computers galloped 4.60% to Rs 485.50 on 12.53 lakh shares and was the top gainer from the Sensex pack.Infosys Technologies (up 3% to Rs 1974), TCS (up 4.17% to Rs 1156), and Wipro (up 2.95% to Rs 519), were other gainers from IT sector.
Ambuja Cements (up 1.86% to Rs 131.50), ACC (up 2.28% to Rs 1045), Birla Corporation (up 3.56% to Rs 284) and India Cements (up 3% to Rs 219.80) edged up from the cement sector.Index heavyweight Reliance Industries (RIL) was up 0.27% to Rs 1,712.55.
The benchmark 30-shares BSE Sensex ended up 95.75 points at 14,957.64,while the S&P CNX Nifty also struck an all time high of 4,411 in late-afternoon trade, and settled 29.35 points higher at 4383.30, as per provisional close.
It has taken seven months for the Sensex to move from 14,000 to 15,000. The index had first hit 14,000 on 5 December 2006. In contrast, it had taken just 26 trading sessions for the Sensex to reach the 14,000 level after it had hit the 13,000-mark on 30 October 2006.It took about 17 months for the Sensex to move from the 10,000 level to 15,000. The barometer index had first struck 10,000 mark on 6 February 2006.
IT pivotals dominated gainers, with 4 from the top 5 Sensex gainers being IT stocks. They advanced on fresh buying after the Indian rupee today, Friday, 6 July 2007, turned weak and was quoted at 40.47/48 against the US currency due to suspected intervention by the central bank and dollar buying by oil refinery companies.
Satyam Computers galloped 4.60% to Rs 485.50 on 12.53 lakh shares and was the top gainer from the Sensex pack.Infosys Technologies (up 3% to Rs 1974), TCS (up 4.17% to Rs 1156), and Wipro (up 2.95% to Rs 519), were other gainers from IT sector.
Ambuja Cements (up 1.86% to Rs 131.50), ACC (up 2.28% to Rs 1045), Birla Corporation (up 3.56% to Rs 284) and India Cements (up 3% to Rs 219.80) edged up from the cement sector.Index heavyweight Reliance Industries (RIL) was up 0.27% to Rs 1,712.55.
Labels: Nifty.Sensex
posted by SY at 4:10 PM
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