Sensex scales new peak, ends above 15500 mark
s.chatterjee@ibtimes.co.in
The benchmark Bombay Stock Exchange (BSE) 30-share sensitivity index, the Sensex, zoomed to a new peak, Thursday, July 19 - a new, intra-day high of 15,593 – recording a gain of 292 points from the previous close of 15,301 before finally closing with a gain of 249 points at 15,550.
Riding on a strong wave of investors' confidence, the Sensex opened Thursday with a huge positive gap of 56 points at 15,357, which also turned out to be the low for the day.
Encouraging reports of first quarter earnings and heavy buying by global investors buoyed the market sentiment helping the Sensex hit an all-time trading high of 15593 before ending the day with a 1.63 percent gain over Wednesday's close of 15301.
The broad market breadth was bullish - out of 2,676 scrips traded, 1,502 moved up and 1,105 declined.
Reliance Industries was the biggest gainer, surging over 4 percent to a life-time high of Rs. 1,896.45 following the company's announcement of a hydrocarbon discovery in the Cauvery deep-water basin.
IT bellwether Infosys gained 2.6 percent to Rs. 1,997.
Tata Motors advanced 4.7 percent to Rs. 778. Bajaj Auto gained over 4 percent to Rs. 2,382.
Grasim, L&T, Reliance Communications, Idea Cellular, Bharti Airtel, ACC, Bajaj Auto and SBI also finished with gains.
On the results front, DLF Q1 results were better than expected even as Larsen & Toubro, Ranbaxy Labs and ACC came out with strong set of numbers that gave thrust to the markets.
Sensex losers included Hindustan Unilever (down 1.2 percent), Mahindra and Mahindra (0.5 percent), Reliance Energy (0.5 percent), Ambuja Cements (0.4 percent) and Tata Steel (0.4 percent).
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