Sensex achieves 21K milestone

Sensex achieves 21K milestone

Mumbai (PTI): On hopes of corporates posting good results for the third quarter, the Bombay Stock Exchange benchmark Sensex on Tuesday surpassed a new milestone of 21,000 points during the intra-day but ended the day below the peak level in volatile trade amid mixed global cues.

The Sensex hit an all-time trading peak of 21,077.53 points but rolled back to 20,873.33 points, a gain of 60.68 points compared to its Monday's close.
The index fluctuated widely in more than 600 points.

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NSE 6287.85 8.75
BSE 20873.33 60.68



Equities, led by heavyweights, opened on a high note this morning thanks to a recovery in global markets. And the benchmark indices Sensex and Nifty scaled new peaks in virtually no time.
While the Sensex vaulted past the 21,000 mark for the first ever time and touched a new all-time high of 21,077.53, the Nifty raced past its previous best of 6300.05 to 6357.10. But then, the fall from those levels also happened in a flash. Though the Sensex managed to hang on in the positive territory for a long time, the Nifty found the going quite tough and slipped into the negative zone in mid-morning trade.

While the Sensex, which plunged to 20,696.60 in intra-day trades, ended with a sharp gain of 60.68 points or 0.29% at 20,873.33, the Nifty settled at 6287.85, well off its low of 6221.60, with a gain of 0.14% or 8.75 points. Even as information technology, telecom, oil and select bank stocks held on to their gains, stocks from auto, metal and power sectors turned easy on selling pressure. Buying remained stock specific in realty, FMCG and capital goods sectors.

Midcap and smallcap stocks were hammered down today. So strong was the sell-off in these segments that the Midcap and Smallcap indices went down by 2.82% and 3.28% respectively.
Bharti Airtel (4.05%), HDFC Bank (3.6%), Satyam Computer Services (2.7%), State Bank of India (2.6%) and Mahindra & Mahindra (2.45%) ended with handsome gains. Index heavyweights Reliance Industries (1.2%), Infosys Technologies (1.5%), Reliance Communications (1.8%) and ONGC (1.7%) had an impressive outing as well.

DLF, Larsen & Toubro, Reliance Energy and Tata Consultancy Services also finished on a high note with strong gains to their credit. Wipro ended nearly a per cent up. Bajaj Auto managed to post a small gain.

Among the losers, Grasim Industries, Hindalco and Tata Steel eased by 3.25%, 3.75% and 3.65% respectively. ACC, Cipla, Hindustan Unilever, HDFC, ICICI Bank, Maruti Suzuki, NTPC, Reliance Energy and Tata Motors lost 1% - 2.5%. Ambuja Cements, BHEL and Ranbaxy Laboratories closed lower by 0.5% - 0.75% while ITC ended with a small loss.
Oil stock BPCL closed with a sharp loss of 5.65%. Cairn India, Nalco, Sterlite Industries, Tata Power, SAIL, Zee Entertainment, Unitech, Reliance Petroleum, Hero Honda, Idea Cellular, Punjab National Bank, Sun Pharmaceuticals, VSNL, Dr. Reddy's Laboratories and Siemens also ended sharply lower today.

Suzlon Energy, the biggest gainer among Nifty stocks, closed stronger by 4.7%. GlaxoSmithKline Pharma moved up by 4.35%. HCL Technologies and GAIL India also ended on a firm note.
Engineers India, Polaris, HDIL, Asian Paints, MphasiS, GlaxoSmithKline Consumer Healthcare, ICI India, JB Chemicals, IPCA Laboratories, Nestle, Reliance Natural Resources, United Spirits, Tech Mahindra, i-Flex Solutions, Bajaj Hindustan, Karnataka Bank, Sintex Industries, KEI Industries, Balkrishna Industries, EID Parry, Jai Corp, Shaw Wallace, REI Agro, Geojit Financial Services, Karuturi Network, Bajaj Auto Finance and Madhucon Projects were among the prominent gainers today.

Due to heavy selling in midcap and smallcap stocks, the market breadth was very weak today. Out of 2922 stocks traded on BSE, as many as 2369 stocks ended in the negative territory. 541 stocks posted gains and 12 stocks ended at their previous closing levels

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