Sensex opens all time high at 19,102.93 pts, up by 44 pts

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Mumbai, Oct 16 (UNI) The BSE sensitive index today opened at all time high at 19,102.93 points gaining 44 points from it last close of 19,058.67 points on renewal brisk speculative buying support from FIIs and mutual fund operators.

'' The market extended yesterday's robust gains by opening on a positive note and soon surging to hit its all-time high in early trade. It later slipped into the red before recovering from lower level. Reliance Industries edged higher. Reliance Energy, ONGC, Reliance Communications hit fresh all-time highs. Market breadth was strong, brokers said.

Later, the current BSE 30-share sensex is up by 98.69 points, or 0.52 per cent (pc), to 19,157.36 points. It opened on a positive note today and soon rose to hit its all-time high of 19,174.45.

The broader based S&P CNX Nifty index of NSE is also up by 32.05 points, or 0.56 pc, and touched a high at 5,702.20. It hits fresh all-time high of 5,708.35 in early trade. Before it resumed flat at 5670.65 points.

India's largest private company in terms of market capitalization and oil refiner Reliance Industries (RIL) rose by 0.37 pc to Rs 2,674. Reliance Energy rose by 3.84 pc to Rs 1,918.20. It hit an all-time high of Rs 1,925.10 today and was the top gainer from Sensex pack.

ONGC gained by 1.96 pc to Rs 1,214.30 followed by ACC by 1.87 pc to Rs 1,310, Reliance Communications by 1.49 pc to Rs 763.95.

Tata Consultancy Services (TCS) rose by 1.94 pc to Rs 1,093.90.

TCS' consolidated net profit as per US GAAP rose 5.18 pc to Rs 1246.93 crore on 8.4 pc growth in revenue to Rs 5639.84 crore in Q2 September 2007 over Q1 June 2007. The results hit the market after trading hours on Monday, 15 October 2007. .

Bharati Shipyard gained by 0.85 pc to Rs 626 after the company and Apeejay Shipping, one of the largest private ship owners, announced that they have signed a 50:50 joint venture agreement for setting up a large modern ship building yard along the eastern coast of the country.

But a few scrips drifted lower as Bharti Airtel declined by 2.37 pc to Rs 1100 and was the top loser from Sensex pack, followed by Infosys by 2.21 pc to Rs 1,886.10, Maruti Suzuki India by 1.06 pc to Rs 1,148, Hindalco Industries by 0.87 pc to Rs 187.05 and Wipro by 0.79 pc to Rs 488.

Asian markets were mostly in the red today, Japan's Nikkei was down 1.07 pc at 17,173.24,followed by Singapore's Straits Times by 0.42 pc at 3,845.61, Hong Kong's Hang Seng by 0.43 pc at 29,419.37 and South Korea's Seoul Composite by 0.05 pc at 2,034.42. However, Taiwan's Taiwan Weighted was up by 0.58 pc at 9,573.98.

US market ended lower on yesterday, as oil kissed mark and Citigroup issued fourth quarter earning warning. The Dow Jones industrial Average closed lower by 108.28 points at 13,984.80. The Nasdaq Composite Index, finished lower by 25.63 points at 2,780.05.

S&P 500 finished lower by 13.09 points at 1,548.71, which did not impact on Indian bources, brokers added.

UNI

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