Sensex creates history, closes at high figure of 13,024.52

Mumbai, Oct 30: The Bombay Stock Exchange Sensitive Index (Sensex) today created history by closing at a lifetime high of 13,024.26, which is 117.45 points more than the previous close, on account of strong second quarter corporate results and also due to foreign investors confidence in Indian market.

The breadth in the broader market however turned negative in favour of 1,406 declines as against 1,133 advances, out of total 2,597 scrips that traded the BSE counters today.

The long awaited figure has finally met everyones expectation.

Eversince, Infosys declared its second quarter results, Sensex had been in resurgent mood, except for the Auto sector blip which saw few negative results, like Bajaj Auto.

Today, the Banking sector was in limelight and saw intense buying activity. As many Banks are to declare their results, investors are hopeful of a postive results for this sector too.

Experts now believe, the next rally will be at the 13,300-13,500 mark. Despite the overstretched valuations of Indian stocks and rising rate of inflation, investors have developed strong faith in the economic fundamentals of the country. India is now the fastest emerging market, if compared to other so called Asian and Latin American markets, they added.

Auto, Consumer Durables and Metals were down on BSE sectoral indices today. However, Bankex was up by 1.86 per cent and Oil&Gas by 1.15 per cent.

Major gainers on the BSE-30 index were - ICIC Bank up by 3.63 per cent to Rs 785.45, Dr Reddy's Lab up by 2.88 per cent to Rs 751.40, Bharti Airtel was up by 2.78 per cent to Rs 541.95, HDFC Bank up by 2.73 per cent to Rs 1,024.64, Reliance Communications was up by 2.30 per cent to Rs 393.55, L&T up by 2.27 per cent to Rs 1,299.05, Reliance Energy was up by 2.11 per cent to Rs 491.55, ONGC was up by 1.94 per cent to Rs 804.65, Infosys was up by 1.27 per cent to Rs 2,124.05 and Cipla was up by 1.21 per cent to Rs 262.75.

Besides the losers were Tata Motors down by 3.86 per cent to Rs 852.10, BHEL was down by 1.41 per cent to Rs 2439.55, Wipro was down by 1.24 per cent to Rs 555.40, Satyam Computers was down by 0.91 per cent to Rs 430.35, Gujarat Ambuja was down by 0.75 per cent to Rs 119.70, Ranbaxy was down by 0.67 per cent to Rs 401.65, Maruti Udyog was down by 0.63 per cent to Rs 960.50, HDFC was down by 0.53 per cent to Rs 1,451.55, Tata Steel down by 0.42 per cent to Rs 498.35 and ACC was down by 0.32 per cent to Rs 979.70.

UNI

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