Post Session: Sensex, Nifty hit life-highs ahead of Budget 2014; IT, TecK stocks
support
07/07/2014 17:11
Continuing its pre-budget rally, the domestic bourses extended gain on Monday, helped by gains in index heavyweights such as Infosys, Tata Consultancy Services, Tata Motors and Tata Power. Investors continued to bet on hopes that the NDA government will announce big-ticket reforms in upcoming Union Budget to bolster growth in Asia’s third biggest economy.
The BSE SENSEX closed at 26100.08 up by 138.02 points or by 0.53 per cent, and the NSE Nifty ended at 7787.15 up by 35.55 points or by 0.46 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26123.55 and intraday low of 25992.73, while the NSE Nifty touched intraday high of 7792 and intraday low of 7755.10.
In line with benchmark indices, the BSE MIDCAP closed at 9557.14 up by 11.39 points or by 0.12 per cent, while the BSE SMLCAP ended at 10570.78 up by 62.75 points or by 0.6 per cent.
On the Sectoral front, IT and Teck indices gained 2.63 per cent and 2.16 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3316, shares advanced were 1775 while 1426 shares declined and 115 were unchanged.
The top gainers of the BSE Sensex pack were Tata Power Company Ltd. (Rs. 111.05,+3.59%), Infosys Ltd. (Rs. 3343.75,+3.23%), Tata Consultancy Services Ltd. (Rs. 2483.50,+3.06%), Tata Motors Ltd. (Rs. 478.75,+2.20%), Dr. Reddy's Laboratories Ltd. (Rs. 2730.85,+1.95%), among others.
On the flip side, HDFC Bank Ltd. (Rs. 840.05,-1.90%), Oil And Natural Gas Corporation Ltd. (Rs. 415.15,-1.60%), GAIL (India) Ltd. (Rs. 459.00,-1.08%), ICICI Bank Ltd. (Rs. 1450.95,-0.79%), Axis Bank Ltd. (Rs. 1922.45,-0.62%), were among notable losers on BSE.
07/07/2014 17:11
Continuing its pre-budget rally, the domestic bourses extended gain on Monday, helped by gains in index heavyweights such as Infosys, Tata Consultancy Services, Tata Motors and Tata Power. Investors continued to bet on hopes that the NDA government will announce big-ticket reforms in upcoming Union Budget to bolster growth in Asia’s third biggest economy.
The BSE SENSEX closed at 26100.08 up by 138.02 points or by 0.53 per cent, and the NSE Nifty ended at 7787.15 up by 35.55 points or by 0.46 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 26123.55 and intraday low of 25992.73, while the NSE Nifty touched intraday high of 7792 and intraday low of 7755.10.
In line with benchmark indices, the BSE MIDCAP closed at 9557.14 up by 11.39 points or by 0.12 per cent, while the BSE SMLCAP ended at 10570.78 up by 62.75 points or by 0.6 per cent.
On the Sectoral front, IT and Teck indices gained 2.63 per cent and 2.16 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3316, shares advanced were 1775 while 1426 shares declined and 115 were unchanged.
The top gainers of the BSE Sensex pack were Tata Power Company Ltd. (Rs. 111.05,+3.59%), Infosys Ltd. (Rs. 3343.75,+3.23%), Tata Consultancy Services Ltd. (Rs. 2483.50,+3.06%), Tata Motors Ltd. (Rs. 478.75,+2.20%), Dr. Reddy's Laboratories Ltd. (Rs. 2730.85,+1.95%), among others.
On the flip side, HDFC Bank Ltd. (Rs. 840.05,-1.90%), Oil And Natural Gas Corporation Ltd. (Rs. 415.15,-1.60%), GAIL (India) Ltd. (Rs. 459.00,-1.08%), ICICI Bank Ltd. (Rs. 1450.95,-0.79%), Axis Bank Ltd. (Rs. 1922.45,-0.62%), were among notable losers on BSE.
