Sensex closes above 15,000 for first time ever
The market settled with decent gains, as buying continued throughout the day’s trading session. Both the benchmark indices struck record highs. Shares from capital goods, banking and IT sectors were in demand, while those of FMCG saw unwinding.
The BSE 30-share Sensex ended up 70.55 points to close at 15,034.67.It opened higher at 15,018.71 and surged to strike a record high of 15,085.22 by 14:47 IST, on buying interest tracking firm Asian and US bourses. The S&P CNX Nifty ended up 34.55 points to close at 4419.40.It also struck an all time high of 4,427.55 in intra-day trade.
Reliance Energy was the top gainer among the Sensex constituents,it advanced 2.52% to Rs 613.Bhel gained 1.40% to Rs 1,577.70, Engineering and construction major Larsen and Toubro (L&T) advanced 2.26% to Rs 2417.90.Banking shares surged on rumours that the Reserve Bank of India may cut cash reserve ratio (CRR). State Bank of India (up 1.48% to Rs 1573.10), Union Bank of India (up 12.13% to Rs 145.60), HDFC Bank (up 1.55% to Rs 1171.25), Bank of India (up 3.58% to Rs 230.25) and Punjab National Bank (up 3.79% to Rs 544.10), edged higher.
IT stocks were in demand on renewed buying interest ahead of Q1 June 2007 results. A rally in their ADRs on Friday, 6 July 2007, aided gains in IT shares. Infosys Technologies (up 1% to Rs 1,990.90), Wipro (up 0.88% to Rs 524), and TCS (up 1.46% to Rs 1,176) advanced. Infosys declares its Q1 June 2007 results on Wednesday, 11 July 2007. Infosys ADR surged 4.8% to $52.59 and Wipro ADR gained 5% to $16.08 on Friday, 6 July 2007.
Index heavyweight Reliance Industries was lacklustre today. It closed 0.03% lower at Rs 1,710.80.FMCG major Hindustan Unilever lost 3% to Rs 194.ICICI Bank continued to see selling pressure for the second straight day. It lost 1.23% to Rs 969.50.Cipla (down 0.65% to Rs 210.75), Maruti Udyog (down 0.61% to Rs 791), and Grasim (down 0.61% to Rs 2760), were the other losers.
The BSE 30-share Sensex ended up 70.55 points to close at 15,034.67.It opened higher at 15,018.71 and surged to strike a record high of 15,085.22 by 14:47 IST, on buying interest tracking firm Asian and US bourses. The S&P CNX Nifty ended up 34.55 points to close at 4419.40.It also struck an all time high of 4,427.55 in intra-day trade.
Reliance Energy was the top gainer among the Sensex constituents,it advanced 2.52% to Rs 613.Bhel gained 1.40% to Rs 1,577.70, Engineering and construction major Larsen and Toubro (L&T) advanced 2.26% to Rs 2417.90.Banking shares surged on rumours that the Reserve Bank of India may cut cash reserve ratio (CRR). State Bank of India (up 1.48% to Rs 1573.10), Union Bank of India (up 12.13% to Rs 145.60), HDFC Bank (up 1.55% to Rs 1171.25), Bank of India (up 3.58% to Rs 230.25) and Punjab National Bank (up 3.79% to Rs 544.10), edged higher.
IT stocks were in demand on renewed buying interest ahead of Q1 June 2007 results. A rally in their ADRs on Friday, 6 July 2007, aided gains in IT shares. Infosys Technologies (up 1% to Rs 1,990.90), Wipro (up 0.88% to Rs 524), and TCS (up 1.46% to Rs 1,176) advanced. Infosys declares its Q1 June 2007 results on Wednesday, 11 July 2007. Infosys ADR surged 4.8% to $52.59 and Wipro ADR gained 5% to $16.08 on Friday, 6 July 2007.
Index heavyweight Reliance Industries was lacklustre today. It closed 0.03% lower at Rs 1,710.80.FMCG major Hindustan Unilever lost 3% to Rs 194.ICICI Bank continued to see selling pressure for the second straight day. It lost 1.23% to Rs 969.50.Cipla (down 0.65% to Rs 210.75), Maruti Udyog (down 0.61% to Rs 791), and Grasim (down 0.61% to Rs 2760), were the other losers.
Labels: Nifty.Sensex
posted by SY at 4:37 PM
0 Comments:
Post a Comment
<< Home