Sensex hits all-time high, ends up 472 pts over 19K

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Mumbai, Oct 26: The Bombay Stock Exchange (BSE) sensitive index today hit an all-time high beyond 19K level, closing with a gain of 472 points at 19,243.17 on select buyings from foreign and domestic funds after the country's stock markets regulator SEBI's move to phase out Participatory notes (PN's).

The benchmark Sensex today opened with a marginal gain at 18,770.89 and slipped to the day's low of 18,629.53 during the further trade. Later, it hit the all-time high of 19,276.45 after a gain of 650 points form its day low during late trade, dealers said.

The Sensex's previous all-time high was 19,198.66, which was attained on October 18, 2007.

Similarly, the broader base National Stock Exchange (NSE) Nifty index today ended firm with a gain of 133.35 points, 2.39 per cent up, at 5702.30 as compared to previous close of 5568.95 in a volatile market. The benchmark Nifty opened marginally low at 5564.25 and hit the all-time high 5716.90 with a gain of more than 300 points from its day low of 5513.35 during the day trade.

Dealers maintained that the market nudged higher on renewed buying interest in index pivotals following healthy rollover of derivative positions. Cash market turnover on BSE was about Rs 9,000 crore.

Global cues were mixed as Asian and European markets were at green, while US markets ended slightly negative.

MARKETS-STOCKS-INTRO TWO LAST MUMBAI

According to dealers, the market breadth was strong on BSE. 23 out of 30 members of the Sensex pack were on the gaining side. The BSE Mid-Cap index was up 2.19 pc to 7,920.66, while the BSE Small-Cap index gained 1.96 pc to 9,549.62. Both these indices underperformed the Sensex.

India's largest engineering and construction company Larsen&Toubro (L&T) galloped by 12.40pc to Rs 3885 on 11.55 lakh shares. It hit an all time high of Rs 3898 today. It was the top gainer from the Sensex pack.

India's largest bank in terms of net profit State Bank of India vaulted 7.53 pc to Rs 2091. It hit an all time high of Rs 2104.45, followed by NTPC up by 2.38 pc to Rs 228.45 and Oil&Natural Gas Corporation (ONGC) was up 4.12 pc to Rs 1159.95.

Auto stocks gained on fresh buying. Tata Motors up 1.98pc to Rs 809, Mahindra&Mahindra up by 3.82pc to Rs 802 and Maruti Suzuki India up 1.38pc to Rs 1175.10 were the other gainers from Sensex pack.

Reliance Industries (RIL) rebounded sharply from day's low of Rs 2610 to hit a high of Rs 2710. It ended 2.42pc higher at Rs 2691.10 on 13.52 lakh shares. Tata Steel pared gains from its 52-week high of Rs 1048.80 struck in early trade today. It ended with 0.62pc gain to Rs 995.

Among the losers, Bharti Airtel, the country's largest listed cellular services provider on total subscribers, retraced sharply from day's high of Rs 1044.90. It ended low 2.66pc to Rs 992.80 on 3.77 lakh shares. It was the top loser from Sensex pack, followed by India's largest cigarette maker in terms of sales ITC slipped from day's high of Rs 190.75. It closed 1.40pc lower to Rs 180.30.

Hindustan Unilever down 1.34pc to Rs 217.55 and Ranbaxy Laboratories down 1.15pc to Rs 424.80 were the other losers from the Sensex pack.

UNI

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