Tuesday, July 03, 2007

Sensex, Nifty strike all time highs

It was an extremely strong session for the markets as they scaled new heights. It was an all time high closing for Sensex, Nifty and CNX Midcap. The cues from Asia and other equity markets were positive. Buying was seen in scrips across sectors.

The BSE 30-share Sensex gained 141.34 points to 14,805.60 while the S&P CNX Nifty rose 43.20 points to 4,356.95.30.

Telecom pivotals advanced on fresh buying, in anticipation that these companies would announce robust subscriber additions for the month of June 2007. Bharti Airtel surged 3.31% to Rs 865.05 and Reliance Communications gained 1.30% to Rs 537.10.

State Bank of India (SBI), the country's largest commercial bank, advanced 3.03% to Rs 1,577.25.Index heavyweight Reliance Industries (RIL) was up 1.26% to Rs 1,705.80.

Reliance Energy (REL) slipped 2.04% to Rs 611.55.ONGC slipped 1.11% to Rs 886.Housing finance major HDFC recovered sharply from its low of Rs 1968, but it still ended 0.53% lower at Rs 2,020.

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