Following an upward trajectory, the Sensex has touched a new intra-day high of 19,539 and continues to remain around the same. The Nifty has gained 57 points at 5,853.This is the seventh day where the Sensex is moving up. The smallcap index at 0.5% and the midcap index at 0.6% is underpeforming as compared to the benchmark index at 0.8%.
Among the sectoral indices, the Oil & Gas index has moved up at 2.2% to lead the chart followed by IT at 1.6%, CVonsumer Durables and Teck at 1.2%. Capital Goods continue to remain at the bottom of the chart at 0.3%. In the Oil & Gas space, the gainers are ONGC and Gail India up 3%, RIL and Indian Oil Corporation adding 2% each. The draggers in the Capital Goods space are Thermax, Usha Martin, Larsen & Toubro and Praj Industries down 0.2% each.
The stock in news Infrastructure Development Finance Company (IDFC) is trading 3% higher at Rs 198, extending gains for the seven days, after the board of directors of the company approved raising up to Rs 3,400 crore via issue of long term infrastructure bonds. The stock has gained 10% from Rs 180 on September 3.The stock opened at Rs 192 and hit two-year high of Rs 199 on the BSE. As many as 688,000 shares have already changed hands on the counter so far as against an average 617,000 shares were traded daily in past two-weeks.
The gainers on the Sensex are ONGC up 3%, RIL,Wipro and Mahindra & Mahindra adding 2%, Infosys,Reliance Infrastructure, Hindalco, TCS and Cipla gaining 1% each.
State Bank of India, Jindal Steel, Hindustan Unilever, Larsen & Toubro, NTPC and Tata Power down 0.02%-0.5% are the losers on the Sensex.
Market breadth continues to be positive. 1633 stocks have advanced while 1136 have declined.
