Bull rally buoys sectoral indices

STOCK REPORT

The Bombay Stock Exchange 30-share index Sensex ended the day at 10,765.16, registering a sharp rise of 191.62 points during the day. The

S&P CNX Nifty gained 55 points to close at 3183.90. Sensex hit a new all-time high of 10,782.34 points and oscillated in the range of 200 points.

The market breadth was strong. While 1446 shares advanced, 1100 shares declined. The total turnover on BSE stood at Rs 4,716 crore while on NSE, it was Rs 9,443.50 crore.

"There was lot of opportunity to pick up value stocks as market was in correction phase for the last two days. So there was lot of buying at the low prices which spurted the index," said Pankaj Karde, dealer, India Infoline.

All the sectoral indices on the BSE closed positive. Renewed buying interest was witnessed in the technology scrips. The BSE IT index rose 2.48 per cent. It was the biggest gainer among the sectoral indices.

Stocks such as Satyam Computer (Up 3.3 per cent to Rs 811.60), HCL Infosystems (Up 3.5 per cent to Rs 184), Infosys Technologies (Up 2.75 per cent to Rs 2,920.75), TCS (Up 2.5 per cent to Rs 1765), Wipro (Up 1.30 per cent to Rs 518.50), i-flex Solutions (Up 2.5 per cent to Rs 1207) advanced.

The BSE Capital Goods index rose 2.44 per cent as buying continued in sector. Stocks such as Crompton Greaves (Up 8.30 per cent to Rs 1101), Thermax (Up 6.2 per cent to Rs 1424.70), SKF Bearings (Up 3.50 per cent to Rs 303), Areva T&D (Up 10 per cent to Rs 746.60), ABB (Up 2.5 per cent to Rs 3015) and Bhel (Up 1.80 per cent to Rs 2130) edged higher. Expansion plans of companies in the new year has helped engineering and capital goods stocks to surge.