Bourses end in green on IT success

Sensex goes past 15k mark for the first time in 2 weeks, Nifty crosses 4,500 level

Bourses end in green on IT success

The bellwether index of the Bombay Stock Exchange (BSE) struck its highest level in more than a month and crossed the psychological 15,000 mark for the first time in two weeks.   
Huge rise in technology stocks post TCS first quarter earnings vaulted more than 15 per cent gain in the scrip, which was the major gainer from the Sensex pack.  Index heavyweight Reliance Industries rallied after Supreme Court scheduled its next hearing on the dispute over the gas supply to Reliance Natural Resources (RNRL) on September 1, 2009.

Other IT majors’ scrips too jumped, besides banking, capital goods and realty stocks jumped. The market breadth was strong but for FMCG index, all the other sectoral indices on BSE, rose this day.

The Sensex at BSE was up 446.09 points or 3.03 per cent to close at 15,191.01 points.  It rose 464.44 points at the day’s high of 15,209.36 in late trade — which is its highest since June 2009 — and at the day’s low of 14,854.17, it rose 109.25 points in early trade.
The S&P CNX Nifty at NSE was up 127.30 points or 2.91 per cent to settle at 4,502.25 during the close.

The market breadth, indicating the overall health of the market, was strong on BSE with as many as 1,800 shares rose as compared with 829 scrips that fell and a total of 83 stocks remained unchanged. From the Sensex pack, 23 rose and rest fell.

The BSE Mid-Cap index was up 2.54 per cent and the BSE Small-Cap index was up 2.52 per cent. But both these indices underperformed the Sensex.

BSE clocked a turnover of Rs 6,165 crore this day, which is lower than Rs 6,653.58 crore on Friday last.

Meanwhile, European shares were higher on Monday, rising for the sixth straight day, with banks the major gainers.

  DH News Service

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