The BSE 30-share index ended with a whopping 115.19 points or 0.81 per cent rise at 14,418.60 from last weekend's close of 14,303.41.
MUMBAI: Smart rally in refinery shares led by Reliance Industries, heavy buying interest and advances in global scrips helped the country's equity market expand gains on Monday, with the NSE index Nifty scaling a new peak of 4,260.90 and the BSE Sensex recording its sixth highest close.
The Bombay Stock Exchange (BSE) 30-share benchmark index ended with a whopping 115.19 points or 0.81 per cent rise at 14,418.60 from last weekend's close of 14,303.41.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) breached its previous closing high of February seven and ended at a fresh peak of 4,260.90, a net gain of 46.40 points or 1.10 per cent over previous close of 4,214.50.
RIL, the top heavyweight in Sensex, attracted brisk activity on sustained fund buying and touched a new high of Rs 1,761.55, netting a gain of Rs 62.15, while ONGC, the largest contributor to the Nifty, registered a hefty rise of Rs 24.25.
Crediting the firmness to strong global cues, market players said Foreign Institutional Investors (FIIs), mainly newly registered funds and domestic mutual funds, were heavy buyers in select heavyweighted counters.
In Asian markets, Shanghai Composite Index, Nikkei, Kospi and Taiwan weighted index showed impressive gains.
The trading volume remained high following a number of block deals on the BSE.
IT shares, however, suffered a setback due to selling pressure induced by appreciating rupee against dollar.
SBI, Tata Steel, HDFC Bank, REL, Maruti Udyog and HDFC also contributed to the Sensex's strong rally.
Reflecting strong trend in metal and refinery sectors, the BSE Metal index soared by 252.46 points or 2.46 per cent to 10,494.47 and the BSE Oil&Gas index by 231.60 points or 3.05 per cent to 7,834.68.
The market breadth was positive with 1,395 gainers against 1,194 losers.
The volume of business shot up to Rs 5,576.44 crore from 4,696.75 crore on Friday. REL clocked the highest turnover of Rs 732.28 crore followed by Adlabs Film (Rs 293.13 crore), Reliance Capital (Rs 177.43 crore), United Spirit (Rs 175.90 crore) and RIL (Rs 172.16 crore).
The broad-based BSE-100 index shot up by 71.00 points to 7,384.27 from previous close of 7,313.27.
The BSE-200 index and the Dollex-200 were quoted up at 1,747.78 and 716.54 at close compared to last weekend's close of 1,731.34 and 704.76 respectively. The BSE-500 Index firmed up by 51.17 points to 5,581.34 from last close of 5,530.17 and the Dollex-30 ended higher at 2,914.96 from 2,871.17.
Tata Steel firmed up by 31.85 to 622.90, SBI by 21.05 to 1346.80, HDFC Bank by 31.00 to 1103.05, HDFC by 17.05 to 1718.20, REL by 40.40 to 551.70, Maruti by 12.75 to 820.40, BHEL by 15.40 to 2636.05, Reliance Com by 10.45 to 506.30, L&T by 8.85 to 1735.75, ITC by 4.00 to 171.00 and Ranbaxy by 2.05 to 398.80.
However, Infosys Tech declined by 21.30 to 1960.90, TCS by 14.65 to 1236.95, Wipro by 9.20 to 534.75, Satyam Computer by 7.10 to 448.20, ACC by 3.65 to 871.50, Bajaj Auto by 38.40 to 2248.40, Bharti Airtel by 2.00 to 850.65, Cipla by 1.25 to 207.95, Dr Reddy by 7.40 to 658.35, ICICI Bank by 10.80 to 939.90 and Tata Motor by 18.05 to 724.70.
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