Sensex up 138 pts to record 26,100 close
8 July 2014 10:20 PM GMT
The S&P BSE benchmark sensex crossed 26,000 level first time in the history of stock exchange and extended its gains for the second cconsecutive day by surging 138 points on expectations of growth-oriented budget by the Narendra Modi government. Persistent capital inflows into equity market also was the another factor behind rise in the share values. There are expecations that finance minister will announce measures in the Budget aimed at bolstering economic growth.
The sensex opened higher and moved in a tight range between positive terrain to touch an all-time intra-day high of 26,123.55 before settling above 26K-mark for the first time at 26,100.08, exhibiting a rise of 138.02 points or 0.53 per cent. The wide-based 50-issue CNX Nifty of the NSE also rose further by 35.55 points or 0.46 per cent to end at new peak of 7,787.15. It logged an intra-day high of 7,792.00.
IT, teck, power, pharma and auto counters attracted good buying support while shares from banking and refinery segments suffered losses. Foreign portfolio investors (FPIs) bought shares worth a net Rs 943.19 crores last Friday, as per provisional data from the stock exchanges. Market participants are now looking for the outcome of the Railway Budget to be announced on Tuesday and Union Budget on 10 July for the next direction. Overall, 21 scrips out of the 30-share sensex pack ended higher while remaining nine ended lower.
Major gainers were Tata Power (3.59 per cent), Infosys (3.23 per cent), TCS (3.06 per cent), Tata Motors (2.20 per cent), Dr Reddy’s Lab (1.95 per cent), Wipro (1.86 per cent), Bharti Airtel (1.80 per cent), NTPC (1.73 per cent), SunPharma (1.59 per cent) and Hero Motocorp (1.22 per cent).
However, HDFC Bank fell by 1.90 per cent followed by ONGC 1.60 per cent, Gail India 1.08 per cent and ICICI Bank 0.79 per cent. Among the S&P BSE sectoral indices IT rose by 2.63 per cent followed by Teck 2.16 per cent, Power 1.12 per centand HC 0.80 per cent. However, Bankex fell by 1.12 per cent and Oil & Gas 0.91 per cent. Market breadth continued to remain positive as 1,715 stocks finished with gains while 1,359 stocks ended lower.
` dips 29p in its biggest fall in 3 weeks to 60.01 a $
Mumbai:Â The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks.
The rupee fell despite the stock benchmark Sensex ending above the 26,000-level for the first time in its history ahead of the Union Budget. At the Interbank Foreign Exchange market, the domestic unit commenced lower at 59.80, which was also its day’s high, from last Friday’s close of 59.72. It declined further to a low of 60.04, before concluding at 60.01.
The sensex opened higher and moved in a tight range between positive terrain to touch an all-time intra-day high of 26,123.55 before settling above 26K-mark for the first time at 26,100.08, exhibiting a rise of 138.02 points or 0.53 per cent. The wide-based 50-issue CNX Nifty of the NSE also rose further by 35.55 points or 0.46 per cent to end at new peak of 7,787.15. It logged an intra-day high of 7,792.00.
IT, teck, power, pharma and auto counters attracted good buying support while shares from banking and refinery segments suffered losses. Foreign portfolio investors (FPIs) bought shares worth a net Rs 943.19 crores last Friday, as per provisional data from the stock exchanges. Market participants are now looking for the outcome of the Railway Budget to be announced on Tuesday and Union Budget on 10 July for the next direction. Overall, 21 scrips out of the 30-share sensex pack ended higher while remaining nine ended lower.
Major gainers were Tata Power (3.59 per cent), Infosys (3.23 per cent), TCS (3.06 per cent), Tata Motors (2.20 per cent), Dr Reddy’s Lab (1.95 per cent), Wipro (1.86 per cent), Bharti Airtel (1.80 per cent), NTPC (1.73 per cent), SunPharma (1.59 per cent) and Hero Motocorp (1.22 per cent).
However, HDFC Bank fell by 1.90 per cent followed by ONGC 1.60 per cent, Gail India 1.08 per cent and ICICI Bank 0.79 per cent. Among the S&P BSE sectoral indices IT rose by 2.63 per cent followed by Teck 2.16 per cent, Power 1.12 per centand HC 0.80 per cent. However, Bankex fell by 1.12 per cent and Oil & Gas 0.91 per cent. Market breadth continued to remain positive as 1,715 stocks finished with gains while 1,359 stocks ended lower.
` dips 29p in its biggest fall in 3 weeks to 60.01 a $
Mumbai:Â The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks.
The rupee fell despite the stock benchmark Sensex ending above the 26,000-level for the first time in its history ahead of the Union Budget. At the Interbank Foreign Exchange market, the domestic unit commenced lower at 59.80, which was also its day’s high, from last Friday’s close of 59.72. It declined further to a low of 60.04, before concluding at 60.01.
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