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Rediff.com  » Business » Sensex crosses the historic 9000-mark

Sensex crosses the historic 9000-mark

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Last updated on: November 28, 2005 17:41 IST

The Sensex opened with a positive gap of seven points at 8,906, which turned out to be the low for the day.

Continuing the bull run, the 30-share Sensitive Index (Sensex) on Monday breached the 9,000 mark for the first time. At 1408 hrs, the Sensex was up 111.29 points at 9000.32.

The Sensex has taken 53 days to move from 8000 to 9000. It has taken 45 days to move from 8500 to 9000.

Sustained buying across-the-board saw the index zoom to an all-time high of 9,006 in late noon deals.

The Sensex finally closed with a gain of 106 points (1.2%) at 8,995.

The Nifty gained 27 points to close at 2,710.

All the sectoral indices finished with gains today.

Foreign Institutional Investors, the major drive behind the record-breaking rally in stock prices, continued to purchase equities in large quantities on hopes that the country's economic conditions and corporate fundaments would continue to be robust, brokers said.

The BSE Capital Goods Index zoomed 2.7% (148 points) to 5,608. The BSE FMCG Index advanced 2.4% (37 points) to 1,599.

The BSE Auto Index gained 1.9% (78 points) to 4,128.The BSE PSU Index moved up 1.6% (81 points) to 5,136.

The BSE Consumer Durables, Teck, Bankex, Metal and Oil & Gas indices also closed at higher levels today.

Advances continued to be ahead of declines - out of 2,574 scrips traded, 1,440 moved up, 1,055 declined and 79 were unchanged today.HLL zoomed 3.7% (Rs 7) to Rs 192. SBI gained 2.5% (Rs 23) to Rs 934. While ONGC was up Rs 16 at Rs 1,046, ITC added Rs 3 to Rs 139.

BHEL moved up over 3% (Rs 43) to Rs 1,468. L&T advanced 1.5% (Rs 25) to Rs 1,714.Bajaj gained 2.7% (Rs 55) to Rs 2,120.

Tata Motors was up 2.5% (Rs 14) at Rs 587. Maruti was up Rs 14 at Rs 632.Wipro moved up 2% (Rs 9) to Rs 445. While TCS was up Rs 11 at Rs 1,547,

Satyam was up Rs 7 at Rs 663.Grasim added Rs 25 to Rs 1,392, and ACC was up Rs 7 at Rs 519.HDFC advanced Rs 25 to Rs 1,143. Reliance Energy, NTPC and Tata Power also finished with gains.Siemens zoomed over 8% (Rs 260) to Rs 3,364.

Punjab Tractors advanced over 6% (Rs 14) to Rs 219. Crompton Greaves gained over 6% (Rs 46) to Rs 766. Suzlon, IOC, SKF, Bharat Electronics and Dredging Corporation also finished with gains.

Reliance was the most active counter with a turnover of Rs 125 crore followed by Tata Steel (Rs 124 crore), Punjab Tractors (Rs 112 crore), Suzlon (Rs 111 crore) and SBI (Rs 110 crore).

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