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Sensex regains 14,000 level; Realty, Bankex lead rally

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BS Reporter Mumbai

The Sensex today opened with a positive of 191 points at 13,780. In the process, it recouped all of yesterday's losses.

Aggressive buying in realty and banking stocks helped the index to touch a day's high of 14,123, up 534 points from its previous close.

The Sensex finally ended with a gains of 520 points at 14,110.

The Realty index gained 6% at 3,517 and the Bankex advanced 5.5% to 8,017.

The market breadth was extremely positive - out of 2,841 stocks traded, 2,346 advanced while 459 declined and the rest were unchenged today.

INDEX MOVERS..

Reliance Infrastructure zoomed 15% to Rs 1,288. Sterlite and ONGC soared 9.5% each to Rs 591 and Rs 1,108, respectively.

 

DLF surged 8.5% to Rs 365. Grasim and Ranbaxy rallied 7% each to Rs 2,247 and Rs 262, respectively. ICICI Bank, Jaiprakash Associates, SBI, Tata Motors and HDFC Bank advanced 5-7% each.

Larsen & Toubro, HDFC, Reliance Communications, BHEL, Tata Steel, TCS, Infosys, Tata Power and Mahindra & Mahindra were also up.

However, there were no losers among the Sensex stocks.

OTHER PROMINENT GAINERS...

MRPL soared 15.5% to Rs 76 on two fold jump in Q4 net profit. Opto Circuits India and Bharat Forge zoomed 13% each to Rs 172 and Rs 177, respectively.

Idea Cellular, Reliance Power, India Infoline, Aditya Birla Nuvo, Sintex Industries, Reliagare Enterprises, MTNL and NMDC gained 10% each.

...AND OTHER PROMINENT LOSERS

Tata Communications slumped 4% to Rs 523. Balrampur Chini Mills slipped 3.5% to Rs 82.

Spice Telecommunications, Renuka Sugar, Godrej Consumer Products, Bajaj Holdings and Investment, and Castrol India were also down.

VALUE & VOLUME TOPPERS

Reliance Infrastructure topped the value chart with a total turnover of Rs 374 crore, followed by Reliance Capital (Rs 255.07 crore), Bharti Airtel (Rs 247.99 crore), DLF (Rs 239.77 crore) and Reliance (Rs 199.06 crore).

Idea Cellular led the volume chart with trades of over 19 million shares. It was followed by Reliance Natural Resources (18.07 million), Unitech (16.48million), Ispat Industries (15.21 million) and IFCI (10.02 million).

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First Published: May 27 2009 | 4:39 PM IST

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