Bulls continue buying in select sectors; Sensex zooms 95 points

Bulls continue buying in select sectors; Sensex zooms 95 pointsAfter an extremely volatile session, the domestic stock market finally managed to close the day with gains. The investors were seen cautious, throughout the day, ahead of upcoming Union budget, which is scheduled to be announced on July 3, 2009.

The BSE Sensex closed higher by 94.87 points or 0.63% at 15,103.55 while NSE Nifty closed up by 14.25 points or 0.31% at 4,586.90. The BSE Sensex touched intraday high of 15,257.30 and intraday low of 14,993.60.  

Further, the BSE Mid Caps and Small Caps Indices settled the day with losses of 36.30 and 66.54 points at 5,409.78 and 6,458.65 respectively.  

On Friday, the domestic key benchmark indices opened on a positive note tracking the positive global markets. But, as the day progressed, the market started showing signs of weakness and lost momentum, due to profit booking in select sectors.  

However, the market showed sharp upward movement after the mid-session. The markets could not sustain at that level and fell to pare most of its gains.  

Heavy selling was witnessed across selective indices, during final hour of trading session, and the benchmark was seen range bound, throughout the day.  

On sectoral front, investors on-loaded position across the sectors led by Capital Goods, IT and Auto stocks while, off-loaded their position across FMCG and Realty sectors.
 
Gainers from the BSE Sensex pack were Grasim Inds (6.06%) followed by Tata Motors (5.31%), BHEL (5.30%), L&T (4.35%), Infosys (3.91%) and Tata Power (3.82%).  
 
Losers from the BSE Sensex pack were ITC (5.46%), Reliance Infra (3.66%), SBI (3.09%), DLF (1.95%) and Reliance Industry (1.94%).