Mumbai, July 4: The Bombay Stock Exchange (BSE) Sensex continued to be on the upswing, rising today by 73.73 points to settle in the green at 14,880.24, as firm global markets, steady progress of the monsoons and a taming inflation lifted sentiments.
After opening the session firmly higher at 14,868.14 from its previous close of 14,806.51, it reached an intra-day high of 14,906.93 and a low of 14,790.75.
However, among the broader markets, the National Stock Exchange (NSE) Nifty Index gained a sparse 1.78 points to close at 4,359.30 from its previous close of 4,357.55, after opening marginally higher at 4,358.25 and moving between 4,386.45 and 4,342.00.
''Shares from metal, cement, sugar saw buying while information technology (IT) pivotals were offloaded,'' traders revealed.
The market breadth, which was strong in the opening session on the BSE, turned negative by mid-morning trade. 1,445 shares declined as compared to only 1,219 that advanced, while 68 remained unchanged. Among the Sensex pack, 18 advanced while the rest declined.
Market analysts pointed out that notwithstanding the ongoing monsoon season, generally considered as a slack season for cement companies, failed to dampen monthly sales of cement companies. ACC's cement dispatches stood at 1.70 million tonnes last month, up 9.67 per cent from 1.55 million tonnes during the corresponding period last year. It produced 1.70 million tonnes of cement compared to 1.53 tonnes last year, a rise of 11 per cent, the company disclosed.
The Rupee hovered near one-month high at 40.55/56 against the US currency in late morning deals today.
Foreign Institutional Investors (FIIs) were net buyers of approximately Rs 445-crore equities yesterday, when the Sensex had surged 142 points. Meanwhile, Domestic institutional investors (DII) were net sellers of nearly Rs 171-crore equities.
Today's winners included ACC, Ambuja Cements, Grasim, UltraTech Cement Company, India Cements, ICICI Bank, Tata Steel, SAIL, JSW Steel, Reliance Industries (RIL), Tata Motors, Maruti Udyog and Bajaj Auto.
The prominent laggards included ONGC, Wipro, Infosys and TCS.
Asian stock markets rose today, with South Korea's benchmark KOSPI index hitting a fresh record high after stocks such as Hyundai Motor rose, while broader sentiment was lifted by fresh US takeover talk.
Hang Seng rose by 0.17 per cent to 22,188.52, Nikkei 225 was up 0.10 per cent to 18,168.79, Seoul Composite gained 1.70 per cent to 1,836.28 and Taiwan Weighted advanced by 0.87 per cent to 9,074.90.
However, China's Shanghai Composite was down 2.14 per cent to 3,816.65.
All the European indices opened higher, except Austria's ATX which was down by 0.12 per cent.
On Wall Street, the blue-chip Dow Jones Industrial Average edged up by 0.3 per cent, while the tech-laden Nasdaq Composite Index added 0.5 per cent. Deal news again contributed to the gains, with news of a takeover of fast-food chain Wendy's International Inc.
Oil prices struck a 10-month high above USD 73 a barrel yesterday on strong summer driving demand in the US. London Brent crude, seen as the best price gauge of the global oil market, settled up 30 cents to USD 72.93 a barrel after rising to USD 73.10 earlier, the highest since 25 August 2006, dealers added.
After opening the session firmly higher at 14,868.14 from its previous close of 14,806.51, it reached an intra-day high of 14,906.93 and a low of 14,790.75.
However, among the broader markets, the National Stock Exchange (NSE) Nifty Index gained a sparse 1.78 points to close at 4,359.30 from its previous close of 4,357.55, after opening marginally higher at 4,358.25 and moving between 4,386.45 and 4,342.00.
''Shares from metal, cement, sugar saw buying while information technology (IT) pivotals were offloaded,'' traders revealed.
The market breadth, which was strong in the opening session on the BSE, turned negative by mid-morning trade. 1,445 shares declined as compared to only 1,219 that advanced, while 68 remained unchanged. Among the Sensex pack, 18 advanced while the rest declined.
Market analysts pointed out that notwithstanding the ongoing monsoon season, generally considered as a slack season for cement companies, failed to dampen monthly sales of cement companies. ACC's cement dispatches stood at 1.70 million tonnes last month, up 9.67 per cent from 1.55 million tonnes during the corresponding period last year. It produced 1.70 million tonnes of cement compared to 1.53 tonnes last year, a rise of 11 per cent, the company disclosed.
The Rupee hovered near one-month high at 40.55/56 against the US currency in late morning deals today.
Foreign Institutional Investors (FIIs) were net buyers of approximately Rs 445-crore equities yesterday, when the Sensex had surged 142 points. Meanwhile, Domestic institutional investors (DII) were net sellers of nearly Rs 171-crore equities.
Today's winners included ACC, Ambuja Cements, Grasim, UltraTech Cement Company, India Cements, ICICI Bank, Tata Steel, SAIL, JSW Steel, Reliance Industries (RIL), Tata Motors, Maruti Udyog and Bajaj Auto.
The prominent laggards included ONGC, Wipro, Infosys and TCS.
Asian stock markets rose today, with South Korea's benchmark KOSPI index hitting a fresh record high after stocks such as Hyundai Motor rose, while broader sentiment was lifted by fresh US takeover talk.
Hang Seng rose by 0.17 per cent to 22,188.52, Nikkei 225 was up 0.10 per cent to 18,168.79, Seoul Composite gained 1.70 per cent to 1,836.28 and Taiwan Weighted advanced by 0.87 per cent to 9,074.90.
However, China's Shanghai Composite was down 2.14 per cent to 3,816.65.
All the European indices opened higher, except Austria's ATX which was down by 0.12 per cent.
On Wall Street, the blue-chip Dow Jones Industrial Average edged up by 0.3 per cent, while the tech-laden Nasdaq Composite Index added 0.5 per cent. Deal news again contributed to the gains, with news of a takeover of fast-food chain Wendy's International Inc.
Oil prices struck a 10-month high above USD 73 a barrel yesterday on strong summer driving demand in the US. London Brent crude, seen as the best price gauge of the global oil market, settled up 30 cents to USD 72.93 a barrel after rising to USD 73.10 earlier, the highest since 25 August 2006, dealers added.
