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Sensex closes at record high of 22,764.83 on robust earnings

Brokers said the market remained in bullish mood ever since the front-runner Infosys, Tata Consultancy Services and HCL Technologies posted better earnings. Gains in mining stocks led by Sesa Sterlite and trend setter Reliance Industries supported the Sensex rise.

twitter-logoPTI | April 21, 2014 | Updated 18:03 IST
Sensex closes at record high of 22,764.83 on robust earnings

The BSE benchmark Sensex on Monday gained 136 points to close at all-time high of 22,764.83 on increased capital inflows driven by robust earnings by bluechip led by Reliance Industries.

The current upsurge was in continuation to a rise of 351.61 points on Thursday, and surpassed its previous intra-day record high of 22,792.49 set on April 10.

The Sensex rose to all time intra day of 22795.58 before closing up by by 135.99 points, or 0.60 per cent, to 22,764.83 points.

On similar lines, the National Stock Exchange's Nifty spurted by 38.25 points, or 0.56 per cent, to 6,817.65.

Brokers said the market remained in bullish mood ever since the front-runner Infosys, Tata Consultancy Services and HCL Technologies posted better earnings.

Gains in mining stocks led by Sesa Sterlite and trend setter Reliance Industries supported the Sensex rise.

Sesa Sterlite rose the most by 4.78 per cent among index stocks after the court allowed resumption of mining in Goa.

A firming trend in the Asian region and higher opening in Europe on improving global economy further supported the uptrend, brokers said.

Larsen & Toubro, Axis Bank, Bharti Airtel, BHEL, Coal India, Hero MotoCorp and ICICI Bank were among the major gainers.

In 30-BSE index components, 18 stocks ended with gains led by

The capital goods sector index gained the most by rising 2.91 per cent to 12,425.63 points followed by the metal index by 2.23 per cent to 10,495.19.

The bank index rose by 1.34 per cent to 14,822.16 and auto index by 1.33 per cent to 13,674.22.

M&M at 3.54 per cent, BHEL 3.07 per cent, Bharti Airtel 3.00 per cent, Axis Bank 2.57 per cent, Maruti Suzuki 2.16 per cent, Coal India 1.84 per cent, ICICI Bank 1.55 per cent were among Sensex other gainers.

However, Wipro fell sharply by 6.65 per cent on its disappointing revenue outlook for the next year. HUL was down 1.69 per cent.

Among the S&P BSE sectoral indices, consumer goods rose by 2.91 per cent, followed by metal 2.23 per cent, Bankex 2.34 per cent, auto 1.33 per cent and consumer durable 0.42 per cent while IT declined by 0.68 per cent, FMCG 0.39 per cent and realty 0.28 per cent.

The market breadth remained positive as 1,761 stocks ended in the green, 1,029 stocks finished in the red and 107 ruled steady.

The total turnover dropped to Rs 2,384.20 crores from Rs 2,957.30 crs on last Thursday.

In Asia, key benchmark indices in China, Japan, South Korea and Taiwan dropped by 0.03-1.52 per cent, while from Singapore moved up by 0.08 per cent. The Hong Kong market was closed for holiday.

The stock market in Mumbai will remain closed on Thursday, April 24, on account of Parliamentary elections in Mumbai constituency.

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