The country's stock market on Monday rallied past a new milestone to an all-time closing high of 13,024.26 points.
Updated at 5.00pm
MUMBAI: The country's stock market on Monday rallied past a new milestone to an all-time closing high of 13,024.26 points, thanks to comfortable liquidity and a robust earnings season but the gains were restricted to blue-chip stocks.
The stock markets shrugged off weak global trends and added 117.45 points to cross the 13,000-point level on the back of sustained and increased FII inflows into equity, besides impressive second quarter corporate earnings.
Bouncing from early lows of 12,844.85, the Bombay Stock Exchange's 30-share Sensex later hit an all-time trading high of 13,039.30 before ending with a 0.91 per cent rise over Friday's close of 12,906.81.
It scored a 3.18 per cent or 401-point rise in the three-day rally.
Similarly, the National Stock Exchange's (NSE) S&P CNX Nifty spurted by 29.75 points or 0.80 per cent to 3,769.10 from previous close of 3,739.35.
As a whole, this earning season is quiet impressive and the market could scale new heights in the next four to five months, brokers said.
Blue chip companies such as ITC, Reliance Communications, Dr Reddy's Lab and Gloxo have announced Q2 working results during the day.
Bank shares continued to be in limelight ahead of the RBI credit policy, which is unlikely to raise the interest rates.
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Infosys Tech, RIL, Bharti Airtel and HDFC Bank were the major contributors to sensex rally.
In Asian markets, Japan's Nikkei ended down by 317.22 points, Hong Kong's Hang Seng by 56.19 points and Korea's Kopsi by 12.98 points.
The trading volume was relatively low at Rs 3,715.86 crore compared to Rs 4,266.81 crore on Friday. Tech Mahindra remained the most active scrip with highest turnover of Rs 210.69 crore frollowed by Reliance Com (Rs 129.67 crore), Hind Zinc (Rs 109.83 crore), RIL (Rs 92.83 crore) and Alstom Projects (Rs 80.81 crore).
The broad-based BSE-100 Index advanced by another 56.00 points to 6,628.20 from previous close of 6,572.20.
The BSE-200 Index and the Dollex-200 were quoted sharply up at 1,567.16 and 579.10 at close compared to last weekend's close of 1,555.38 and 572.97 respectively. The BSE-500 Index rose by 34.23 points to 4,979.02 from last close of 4,944.79 and the Dollex-30 ended higher at 2,373.30 from 2,344.61.
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