Mkt ends strong: All time high close for Sensex, Nifty
The market started on a strong note and gained strength throughout the trading session as buying continued even at higher levels. All the sectoral indices save one logged gains, with shares from auto, banking, real estate, capital goods and metal sector contributing to the rally, supported by firm global markets. IT pivotals,however, underperformed.
The Sensex closed up 181.42 points or 1.22% at 15,092.04, and the Nifty up 59 points at 4446.
Aluminium and copper major Hindalco Industries galloped 6.94% to Rs 165.70.Other metal shares Tata Steel (up 2.35% to Rs 670.90), JSW Steel (up % to Rs ), Hindustan Zinc (up % to Rs ), Sterlite Industries (up 5.41% to Rs 643), and Sail (up 4.72% to Rs 144.35) edged higher.
Reliance Energy (REL) vaulted 6.50% to Rs 666.50 on its plans to invest Rs 60,000 crore to add 15,000 mega watts (MW) of power over the next five years. Auto shares surged on renewed buying as fears of further interest rate hikes eased. Maruti Udyog (up 2.80% to Rs 828.40), Tata Motors (up 1.09% to Rs 740) and Mahindra & Mahindra (up 3.38% to Rs 807.25) gained.
Motorcycle maker Bajaj Auto advanced 3.30% to Rs 2,199 after the company said its profitability will increase in the second half of the fiscal year as it introduces new models to woo buyers deterred by higher borrowing costs.
The company reported during market hours today, 12 July 2007, a 21% decline in consolidated net profit at Rs 201.15 crore in the first quarter ended June 2007 when compared with Rs 255.77 crore in Q1 June 2006. Consolidated income from operations declined to Rs 2,206.43 crore, from Rs 2,294.28 crore.
State Bank of India advanced 0.76% to Rs 1,554, while private sector banks ICICI Bank (up 1.39% to Rs 967) and HDFC Bank (up 4.49% to Rs 1,202) also advanced.IT pivotals underperformed in a strong market. Infosys (down 0.66% to Rs 1,917), and Satyam Computers (down 0.59% to Rs 478) and Wipro (down 0.02% to Rs 510.15) declined, while TCS rose 1.06% to Rs 1,159.
The Sensex closed up 181.42 points or 1.22% at 15,092.04, and the Nifty up 59 points at 4446.
Aluminium and copper major Hindalco Industries galloped 6.94% to Rs 165.70.Other metal shares Tata Steel (up 2.35% to Rs 670.90), JSW Steel (up % to Rs ), Hindustan Zinc (up % to Rs ), Sterlite Industries (up 5.41% to Rs 643), and Sail (up 4.72% to Rs 144.35) edged higher.
Reliance Energy (REL) vaulted 6.50% to Rs 666.50 on its plans to invest Rs 60,000 crore to add 15,000 mega watts (MW) of power over the next five years. Auto shares surged on renewed buying as fears of further interest rate hikes eased. Maruti Udyog (up 2.80% to Rs 828.40), Tata Motors (up 1.09% to Rs 740) and Mahindra & Mahindra (up 3.38% to Rs 807.25) gained.
Motorcycle maker Bajaj Auto advanced 3.30% to Rs 2,199 after the company said its profitability will increase in the second half of the fiscal year as it introduces new models to woo buyers deterred by higher borrowing costs.
The company reported during market hours today, 12 July 2007, a 21% decline in consolidated net profit at Rs 201.15 crore in the first quarter ended June 2007 when compared with Rs 255.77 crore in Q1 June 2006. Consolidated income from operations declined to Rs 2,206.43 crore, from Rs 2,294.28 crore.
State Bank of India advanced 0.76% to Rs 1,554, while private sector banks ICICI Bank (up 1.39% to Rs 967) and HDFC Bank (up 4.49% to Rs 1,202) also advanced.IT pivotals underperformed in a strong market. Infosys (down 0.66% to Rs 1,917), and Satyam Computers (down 0.59% to Rs 478) and Wipro (down 0.02% to Rs 510.15) declined, while TCS rose 1.06% to Rs 1,159.
Labels: Nifty.Sensex
posted by SY at 2:17 PM
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