Sensex touches a new record of 13,706.53
Mumbai, Nov 22: The Sensex today touched a record mark of 13,706.53, up by 89.76 points, on the Bombay Stock Exchange (BSE) on sustained heavy speculative buying support from Foreign Institutional Investors (FIIs) and some domestic investors.
The market continued to rally for the third straight day, as FIIs lapped up equities on the domestic bourses.
The Sensex opened with an upward gap, at 13,625.09, backed by firm Asian markets. The market had touched an all-time high of 13,740.39, during the afternoon session with the low being 13,625.09. Thus, the benchmark index oscillated 115 points intra-day.
The BSE CG index shot up by 210.32 points to close at 9,004.53 while AUTO index jumped up by 60.24 points and was quoted at 5319.43.
Similarly, METAL index advanced by 56.87 points and touched 8841.00 while MID CAP and SML CAP indices too spurted up smartly by 53.70 points and 47.17 points and were quoted at 5600.56 for MID CAP and for SML CAP index at 64.63.78 points.
But BSE FMCG index crashed by 22.43 points to close at 2011.12.
The S&P CNX Nifty index of National Stock Exchange (NSE) advanced by 36.50 points (0.93 per cent), to 3,954.75, its all time closing high, before it resumed flat at 3918.30. The Nifty index recorded high at 3,960 during the mid-session. But it came down at 3,909.60 in intra-day.
The total turnover on BSE amounted to Rs 5,151 crore. The market-breadth was just about positive with 1,299 shares advancing on BSE, against 1,235 that declined. A total of 78 shares did not change. Among the 30-Sensex pack, 19 advanced while the rest declined.
The Nikkei 225 index added 180.09 points, to 15,914.23. On Monday, the Nikkei benchmark ended at its lowest close since late-September. Hong Kong's Hang Seng index rose 242.49 points (1.28 per cent), to 19,250.79. The Dow Jones industrial average rose 5.05 points, or 0.04 per cent, to end at 12,321.59. The Nasdaq Composite Index added 2.12 points, or 0.09 per cent, to close at 2,454.84.
Satyam Computers was a top gainer, up 5.96 per cent to Rs 480.25, on 17.43 lakh shares. The stock moved in a broad range of Rs 482 - 455.05. Reliance Energy advanced 3.50 per cent to Rs 551, amid reports that subsidiary, Reliance Energy Transmission, had bid for establishing transmission lines for the Western Region System Strengthening (WRSS) scheme by Power Grid Corporation of India.
Bharti Airtel (up 2.32 per cent to Rs 638) and Reliance Communications (up 3.43 per cent to Rs 430.15) rose for the second successive day amid reports that the government will free up more frequencies for cellular telephony. Both had set new records earlier in the day.
State-run oil explorer ONGC rose 1.40 per cent to Rs 857, after global crude oil prices firmed up around a barrel.ICICI Bank rose 1.04 per cent to Rs 880.40, due to reports that it will raise funds overseas to finance the lending growth.
Index heavyweight Reliance Industries advanced 0.39 per cent to Rs 1,277.60, on a volume of 6.22 lakh shares. It moved between Rs 1,273- Rs 1,290.
HDFC Bank was the top loser, down 1.29 per cent to Rs 1,077.10, on 1.39 lakh shares. Infosys lost 1.28 per cent to Rs 2,223, as its ADR lost 3.3 per cent on Tuesday, to settle at USD 53.44.
Two block deals of 12.85 lakh shares and 5.65 lakh shares were struck in Rico Auto at an average Rs 60 per share. The stock lost 0.83 per cent to Rs 60.10, on a total volume of 25.64 lakh shares.
High volatility may emerge in the near term as traders square off, or carry forward their outstanding contracts for November futures ahead of the expiry of contracts on November 30. The latest NSE F&O open interest has gone up by Rs 1,659 crore, to Rs 54,824 crore, brokers said.