Market retains upbeat mood
Wrap Up: Market retains upbeat mood >India`s benchmark index, Sensex, started the week with a bang by opening at 16,697.89. Later the index touched an all time high of 16,869.64 in the intraday trades on account of heavy buying interest and strong Asian cues. The rally continued and ended the day on a strong note. The turnover of the market touched an all time high today at Rs 77.40 billion. Select stocks from auto, telecom, cement, banking and realty gained ground, while IT and cement stocks remained subdued. Asian market closed higher on the fourth consecutive day, led by Cnooc and Rio Tinto Group, on expectations that the lower U.S. interest rates will lead to global economic growth and sustained demand for commodities.
The BSE Midcap rose 1.53% and Smallcap rose 0.77%.
Market Statistics :
Out of the total 2,837 shares traded at the BSE : 1,305 advanced, 1,474 declined, while 58 remained unchanged.
Among the sectoral indices : BSE Bankex soared 2.54%, BSE Auto rose 2%, BSE Realty increased 2.03%, BSE Metal surged 1.70%, while BSE IT declined 1.77%.
Gainers at the Sensex include : Reliance Energy, which soared 8.33% to close at Rs 1,093.70, followed by Maruti, which gained 5.45% to close at Rs 980.20, and NTPC advanced 4.83% to end the day at Rs 196.55. L&T, Reliance Ind, Reliance Comm, ICICI Bank, Bajaj Auto and Bharti Airtel also moved up.
Laggards at the Sensex w ere : Infosys, which declined 3.22% to Rs 1,763.25, Satyam declined 2.32% at Rs 409.15 and ITC dipped 1.55% at Rs 187.85. TCS, Grasim, Dr Reddy`s and Cipla also slipped.
Top Volumes
Ispat Industries topped the volume chart with 48,183, 415 shares being traded, followed by Reliance Petroleum with 22,162,956 shares and IDBI with 6,792,418 shares. NTPC, MRPL and Reliance Comm were some of the other chart busters.
Top Turnover
Reliance Petroleum topped the turnover chart with Rs 3,694.3 million followed by DLF with 2,426.1 million.
