New Delhi: The Sensex and Nifty closed at new all-time high. Both gained 1 per cent each. Gains were seen in metal, FMCG, capital goods, technology, banking, oil and auto stocks. However, pharma and consumer durables stocks lost ground.
The Sensex closed up 109.81 points or 1.18 per cent at 9394.27. It touched a life-time high of 9402.68.
The Nifty closed up 32.45 points or 1.15 per cent at 2842.60. It touched an all-time high of 2846. It crossed its previous high of 9309.01. It crossed its previous high of 2825.65.
The CNX Midcap Index closed up 39.30 points or 0.99 per cent at 4006.90. It touched an all-time high of 4007.60.
The BSE Small Cap Index closed up 48.86 points at 5863.09. The BSE Midcap Index closed up 26.56 points at 4389.34.
The market breadth was positive, about 1278 shares advanced, 1162 shares declined, and 54 shares are unchanged. The total market turnover was at Rs 31,139.58 crore.
Analysts believe that the Sensex will touch new levels of 9400-9500 this week itself.
Hindalco, ACC, HLL, Tata Steel and Wipro were the biggest index gainers.
Ranbaxy Labs, MTNL, Sun Pharma, Reliance Energy, Bajaj Auto, ICICI Bank and Grasim were the biggest index losers.
The volumes were moderate in the NSE F&O segment on Monday. The turnover was at Rs 20,047.18 crore. The Nifty Futures ended at 2-point premium. It added 4 lakh shares in Open Interest. Reliance Capital, Satyam, Titan, Reliance, SBI and ICICI Bank were the top trades.
FIIs were net sellers of Rs 151 crore in F&O and Rs 15 crore in Nifty futures and Rs 132 crore in stock futures on December 16.
The BSE Metal Index outperformed the other indices. It closed up 2.38 per cent or 152.57 points at 6551.57 amid buying in Hindalco, Tata Steel, JSW Steel, Hindustan Zinc, Jindal Saw, Jindal Stainless, Jindal Steel, Sterlite Ind and Nalco. Nalco gained 0.74 per cent and the company has increased aluminium prices by Rs 5,900 per tonne.
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FMCG stocks like HLL, Colgate, Dabur India, ITC, P&G, Britannia and Tata Tea also moved up. The BSE FMCG Index closed up 2.33 per cent at 1647.09.
Capital goods stocks including Praj Industries, SKF India, Greaves Cotton, Bharat Electronics, Siemens, Aban LoydChiles, ABB, Ingersoll Rand, L&T, BHEL and Crompton Greaves also ended higher. The BSE Capital Goods Index closed up 1.39 per cent at 5695.75.
The BSE IT Index closed up 1.35 per cent at 3752.01 as gains were seen in MphasiS BFL, Wipro, HCL Tech, Satyam, Moser Baer, Infosys, I-Flex Solutions, TCS and Patni Computer. Infosys and TCS closed at new all-time high on Monday.
Banking stocks including Canara Bank, Bank of India, UTI Bank, Bank of Baroda, SBI, Union Bank, Oriental Bank, HDFC Bank, PNB, Andhra Bank, Kotak Mahindra and Allahabad Bank also firmed up. The BSE Bankex closed up 1.14 per cent at 5135.17.
Auto stocks like MICO, Tube Investment, Exide Industries, Apollo Tyres, Amtek Auto, MRF, Hero Honda, Punjab Tractors and Bharat Forge also surged. The BSE Auto Index closed up 1.03 per cent at 4261.21. Maruti Udyog ended up 0.75 per cent. The government invited bid for 8 per cent stake sale in the company.
The BSE Oil & Gas Index closed up 0.94 per cent at 4284.38 due to buying in oil stocks like HPCL, Petronet LNG, IOC, Chennai Petro, Kochi Refineries, Reliance, MRPL and BPCL.
Several cement, hotel, media, paper, shipping, sugar, tea and telecom stocks also gained. Midcap sugar stocks rallied today. Bajaj Hindustan and Dhampur Sugar gained 7 per cent each in the sugar sector.
However, selling was seen in pharma stocks like Ranbaxy Labs, Wyeth, Wockhardt, Novartis India, Cadila Health, Lupin, Matrix Lab, Sun Pharma, Biocon and FDC. The BSE Healthcare Index closed down 0.63 per cent at 3075.58. Ranbaxy ended 5.87 per cent lower on Monday. The company lost Lipitor case in US.
Consumer durables stocks including Videocon International, Whirlpool, Samtel Color, Mirc Electronics and Blue Star also witnesses selling pressure. The BSE Consumer Durables Index closed down 0.31 per cent at 3216.71.
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