Sensex closes at record high on robust earnings
Apr 21 2014 , Mumbai
The current upsurge was in continuation to a rise of 351.61 points on Thursday, and surpassed its previous intra-day record high of 22,792.49 set on April 10.
The Sensex rose to all time intra day of 22795.58 before closing up by by 135.99 points, or 0.60 per cent, to 22,764.83 points.
On similar lines, the National Stock Exchange's Nifty spurted by 38.25 points, or 0.56 per cent, to 6,817.65.
Brokers said the market remained in bullish mood ever since the front-runner Infosys, Tata Consultancy Services and HCL Technologies posted better earnings.
Gains in mining stocks led by Sesa Sterlite and trend setter Reliance Industries supported the Sensex rise.
Sesa Sterlite rose the most by 4.78 per cent among index stocks after the court allowed resumption of mining in Goa.
A firming trend in the Asian region and higher opening in Europe on improving global economy further supported the uptrend, brokers said.
Larsen & Toubro, Axis Bank, Bharti Airtel, BHEL, Coal India, Hero MotoCorp and ICICI Bank were among the major gainers.
In 30-BSE index components, 18 stocks ended with gains led by
The capital goods sector index gained the most by rising 2.91 per cent to 12,425.63 points followed by the metal index by 2.23 per cent to 10,495.19.
The bank index rose by 1.34 per cent to 14,822.16 and auto index by 1.33 per cent to 13,674.22.
Markets @ 02.00 PM (Reuters)
The BSE Sensex gains 0.29 percent and the broader Nifty is up 0.25 percent. The indexes are not far from record highs posted on April 10, with gains led by capital goods and auto stocks, which are experiencing good foreign buying according to dealers.
Larsen and Toubro gains 3.4 percent while Mahindra and Mahindra is up 3.5 percent.
Lenders also gain as bonds have rallied after RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer on Thursday, contrary to some fears of devolvement. State Bank of India gains 1.2 percent.
Wipro Ltd fell 5.4 percent after company's revenue guidance for the current April-June quarter were seen below estimates.
Markets @ 11.00 AM (Reuters)
The BSE Sensex gains 0.27 percent while the Nifty is up 0.3 percent, approaching record highs last hit on April 10.
Metals and banking stocks lead gains on value-buying. Hindalco Industries Ltd gains 1.4 percent, while State Bank of India up 1.3 percent.However, gains are limited after Wipro Ltd fell 5.4 percent after company's IT revenue guidance seen below estimates.
Overseas investors bought Indian shares worth of 4.3 billion Indian rupees ($71.20 million) on Thursday, provisional exchange data shows, snapping three days of sales.
Markets @ 09.00 AM (PTI)
The benchmark BSE Sensex gained over 76 points in early trade today on sustained buying by funds and retail investors, mainly in metals, power, PSUs, capital goods, banking and oil & gas sector stocks.
The 30-share barometer gained 76.30 points, or 0.34 per cent, to 22,705.14. In the previous session on Thursday, the index had gone up by 351.61 points.
Exchanges remained closed on their last trading session of the previous week on account of "Good Friday".
The National Stock Exchange index Nifty traded higher by 26.10 points, or 0.38 per cent, at 6,805.50.
Brokers said sentiments remained firm on sustained buying on the back of encouraging fourth quarter earnings posted by some bluechip companies which triggering buying.
Stocks of Reliance Industries rose by Rs 11.25, or 1.17 per cent, to Rs 970 as the company reported a marginal rise in net profit to Rs 5,631 crore in the fourth quarter ended March 31, from Rs 5,589 crore a year earlier.
Among other Asian markets, Japan's Nikkei rose by 0.63 per cent in early trade today, while Hong Kong markets remained closed today for a public holiday.