Market Touches A New Peak With Opening Bell
The 30-share BSE Sensex opened strongly at 14,868.14, and marched ahead to touch a record high of 14,906.93. Currently, it is trading in the positive.
The stocks from pharma led the advancements even as auto and banking sectors traded in mixed.
On the other hand, Asian markets also opened higher for the fifth consecutive day. The stocks climbed after a report indicated that the factory order decline in US is less than the expected, thus giving a boost to the stocks of Asian exporters.
According to Vishwas Agarwal, if Reliance Industries holds 1,710 level, a bombastic rally can be seen in the market.
Today the market experienced 1,052 advancements as against 557 declinations.
Among the sectoral indices, BSE Auto ascended 0.52%, BSE Consumer Goods climbed 1.28%, BSE Bankex arose 0.90%, BSE IT developed 0.51% and FMCG lifted 0.60%.
The leaders on the index were Cipla that gained 1.26% to Rs 216.25, Bharti Airtel arose 1.17% to Rs 876.75 and Gujarat Ambuja rose 1.09% to Rs 125.75. The gainers’ list also include ICICI Bank, Grasim and Reliance Comm.
Laggards at the BSE were BHEL which declined 0.63% at Rs 1,537.10, ONGC declined 0.50% at Rs 883.50 and Hero Honda declined 0.36% at Rs 686.05. SBI, TCS and Infosys also slipped.