Markets up, Sensex surpasses all-time high Analysis for Oct 30, 2014

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The markets continued to surge during the noon session of trade buoyed by gains in index heavyweights including Reliance, Infosys, TCS, Maruti and Dr Reddy among others. The 30-share benchmark index Sensex hits all-time high of 27, 359 led by gains in technology and financial stocks ahead of the F&O expiry. Further, realty stocks remained in focus after the Cabinet eased FDI norms in the construction sector, including housing. Among individuals, ICICI Bank Ltd slipped 1.1 per cent in trade, after the private sector bank reported earnings for the quarter ended September 30. The private sector bank reported a 15.1 per cent YoY growth in its net profit number to Rs 2,709 crore for the quarter ended September 30.

At 1:28PM BSE SENSEX was at 27281.93 up by 183.76 points or by 0.68 per cent, while the NSE Nifty was at 8155.8, up by 65.35 points or by 0.81 per cent.

The BSE MIDCAP was at 9674.27, up by 23.98 points or by 0.25per cent, while the BSE SMLCAP was at 10834.16 up by 43.7 points or by 0.4 per cent.

The BSE Sensex touched an intraday high of 27358.85 and an intraday low of 27088.65, while the NSE Nifty touched an intraday high of 8167.2 and an intraday low of 8085.2.

The top gainers of the BSE Sensex pack were Infosys Ltd. (Rs. 3968.00,+2.29%), Tata Consultancy Services Ltd. (Rs. 2557.05,+2.17%), Reliance Industries Ltd. (Rs. 971.25,+2.10%), Dr. Reddy's Laboratories Ltd. (Rs. 3091.75,+1.49%), Maruti Suzuki India Ltd. (Rs. 3247.70,+1.32%), among others.

The top losers of the BSE Sensex pack were ICICI Bank Ltd. (Rs. 1589.95,-0.87%), Bharat Heavy Electricals Ltd. (Rs. 252.30,-0.81%), Mahindra & Mahindra Ltd. (Rs. 1286.45,-0.76%), Sesa Sterlite Ltd. (Rs. 254.10,-0.57%), State Bank of India (Rs. 2628.15,-0.55%), among others.

Among the sectors, In BSE, BSE Realty index was at 1522.72 up by 43.03 points or by 2.91%. Unitech Ltd. (Rs. 18.85,+5.90%), Housing Development & Infrastructure Ltd. (Rs. 79.80,+3.97%), DLF Ltd. (Rs. 122.35,+3.55%), Mahindra Lifespace Developers Ltd. (Rs. 507.30,+3.53%), Indiabulls Real Estate Ltd. (Rs. 68.25,+2.79%),.

On the flip side, In BSE, BSE_Bankex index was at 19030.45 down by -0.15 points or by 0%. Federal Bank Ltd. (Rs. 137.30,-1.08%), Canara Bank (Rs. 384.15,-1.07%), ICICI Bank Ltd. (Rs. 1589.95,-0.87%), State Bank of India (Rs. 2628.15,-0.55%), Bank of India (Rs. 272.40,-0.31%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2897 shares traded, 1475 shares advanced, 1297 shares declined while 125 remained unchanged.

Story first published: Thursday, October 30, 2014, 14:00 [IST]
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