Sensex touches new high of 16k mark

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Mumbai, Sep 7: The Sensex and Nifty closed at new 2009 highs as well as 15-month highs today on the back of support from heavyweights and positive global cues.

ICICI Bank, HDFC, Reliance Communication, Bharti Airtel, SBI, TCS and DLF were leaders, up 2.3-6.6 pc. Tata Motors surged 11.32 pc.

The Nifty started the day above 4,700 mark following good Asian and US cues. As the day proceeded and post the Europe opening, it gained more strength in the second half of trade.

At the time of closing of Indian markets, European markets were up 1.4 pc each. Asian markets also ended 0.7-1.5 pc higher.

The 30-share BSE Sensex touched a new 2009 high of 16,035.50, before closing at 16,016.32, up 327.20 points or 2.09 pc, over previous close.

The 50-share NSE NSE Nifty surged 2.19 pc or 102.50 points, to settle at 4782.90, after seeing a high of 4790. Equity benchmarks gained 108.32 pc and 112.31 pc from its 52-week low of 7,697.39 and 2,252.75, respectively.
4:22 PM

Sensex trading higher; Tata Motors, RIL gain

At 12:41 pm, the Nifty touched a fresh 2009 high as global markets were supportive today. European markets were trading higher with 0.8 pc gains each and Asian markets were also on the higher side.

Buying was seen across the sectors barring FMCG. The BSE Metal, Realty and TECk indices went up 2-2.9 pc. Auto, Bank, Power, Oil & Gas, Healthcare, Capital Goods and IT Indices gained 1-1.5 pc.

The Sensex rose 212 points, to 15,903 and the Nifty gained 67 points at 4,747. The BSE Midcap Index was up 1.9 pc and the Smallcap Index up 2.6 pc.

Top gainers - Tata Motors was at Rs 534.85, up 5.24 pc; Reliance Communication was at Rs 306, up 4.70 pc; Jaiprakash Associates was at Rs 227.80, up 4.64 pc; Bharti Airtel was at Rs 421, up 3.63 pc.

Sterlite Industries was at Rs 689, up 2.77 pc; BPCL was at Rs 590, up 5.56 pc and Jindal Steel was at Rs 3,438.70, up 4.79 pc.
1:37 PM

Sensex extends gain; banks, metal, tech up

At 10:56 am, the Sensex extended gains on the back of buying in telecom, oil & gas, banking, metal, technology and capital goods. The market breadth was also strong.

On the global front, Asian markets were trading higher. Shanghai rose 2 pc. Hang Seng, Nikkei and Taiwan Weighted gained 0.9-1.4 pc. Jakarta, Straits Times and Kospi were marginally in the green.

The Sensex was up 176 points, to 15,865 and the Nifty fell 51 points, to 4,732. Among the broader indices, the BSE Midcap Index was up 1.6 pc and the Smallcap Index up 2.1 pc.

All the sectoral indices were in the green. The BSE Realty Index rose 2 pc. Metal, TECk, Auto, Power, Capital Goods, Healthcare, IT, Bank and Oil & Gas indices were up 1-1.9 pc.

Top gainers - Jaiprakash Associates, Reliance Communication, Tata Motors, Bharti Airtel, TCS, BPCL and Jindal Steel were up 2-6 pc.

IFCI, IDFC, Reliance Capital, Reliance Communication, Unitech and Bharti Airtel were most active shares on the bourses.
11:56 AM

Mkts open positive; Sensex up by 109 pts

The Sensex started the first day of the week on a positive note following good global cues. The Nifty was trading above the 4700 mark as telecom, oil marketing, metal and realty stocks were witnessing buying interest.

At 9:56 am, the Sensex was up 109 points, to 15,798 and the Nifty gained 34 points at 4,714. The CNX Midcap and BSE Smallcap went up over 1 pc, to 6,179 and 7,077, respectively. About 686 shares advanced while 63 shares declined on the NSE.

Among the frontliners, Ranbaxy Labs, Unitech, BPCL, Sterlite Industries, Tata Steel, DLF, Jindal Steel & Power, Reliance Communication, Power Grid, L&T, Grasim, Suzlon and Reliance Capital were the gainers.

However, Sun Pharma, HUL and Cipla were the losers. IOC was up 3.5 pc as its board meet will be on September 13 to consider bonus issue.
10:18 AM

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