Market Heading Towards 15k Mark

After opening the day sturdily at 14,932.53, the BSE Sensex further touched a record high of 14,963.26 in the morning trades. It is on the way to the 15,000 mark. Stocks from auto, banking and cement led the advancements in the market.

In the initial sessions of trade, Asian stocks opened high after an increase was reported in the demand of computer chips and metals; joined by the growth in the metal prices that accordingly raised investors’ trust.

Rahul Agarwal, VP, institutional sales, LKP Shares stated that the existing market movement will carry on for the whole day (July 5) as well and BSE Sensex might touch the highest peak of 15,000 points. DLF listing is likely to have a sideways to negative bias that will have its bearing on other realty stock movement. He is optimistic on banking and telecom sector and Reliance Industries in particular.

Today, the stock market experienced 828 progressions as compared to 506 declensions. On the other hand, BSE Bankex gained 0.97%, BSE Auto ascended 0.76%, BSE IT lifted 0.03%, FMCG climbed 0.74% and BSE Consumer Goods mounted 0.72%,

The stocks leading the index in the opening times include ICICI Bank, Tata Steel, Maruti, L&T, Reliance Energy and HLL. The losers’ on the index were ACC, Hero Honda, Gujarat Ambuja, Ranbaxy, BHEL and Dr Reddy.

Equity shares of real estate Company DLF listed on the stock exchange, today (July 5). The scrip opened with a premium of 10.86%, at Rs 582.00 over the issue price of Rs 525.00. It hit a high of Rs 705.00 and trading at Rs 557.00. Total volume of shares traded at the BSE was 1,620,163 in early trade.




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