Tata Motors, Infy, 4 others touch all-time high on BSE

Tata Motors jumped nearly 3 per cent, while Infosys zoomed over 2 per cent to a high of Rs 1,067.50 and Rs 3,000 respectively.

Apart from Tata Motors and Infosys, software major TCS, auto major Mahindra & Mahindra,, private sector lender HDFC Bank and state-run ONGC touched their all time high on the BSE.
Analysts attributed the upsurge in the scrip to a firming market trend and investor interest, which led to hectic buying. The BSE-30 share Sensex closed up by 138.63 points at 19,346.96 as FIIs continued to bet big on India.

Tata Motors settled at Rs 1,054.45, translating into a gain of 2.73 per cent on the BSE. During the day, the stock climbed 4 per cent to touch a lifetime high of Rs 1,067.50.
Shares of Infosys rallied 2.19 per cent to touch a lifetime-high of Rs 3,000 on the BSE. The scrip, however, ended at Rs 2,975.95, up 1.38 per cent from the previous close.
During the day, TCS climbed 2.13 per cent to touch its 52-week high of Rs 898.40, Mahindra & Mahindra went up 2.61 per cent to scale its life time high of Rs 677.80.

Shares of HDFC Bank witnessed a jump of 2.19 per cent to touch a lifetime-high of Rs 2,350 and ONGC rose 2.62 per cent to touch its 52-week high of Rs 1,412.
"The upmove in the stocks were primarily triggered by selective buying by the large fund houses and portfolio churning by the retail investors.
Besides, the firm broader market also boosted the sentiment," CNI Research CMD Kishore P Ostwal said.

Yesterday, shares of State Bank of India rose over 6 per cent to hit a life-time high of Rs 3,175 on the BSE. SBI finally ended at Rs 3,147.25 up 5.52 per cent.