Sensex tests 11K level, closes higher for seventh consecutive day

Sensex tests 11K level, closes higher for seventh consecutive dayThe Indian stock markets remained buoyant and close higher on Monday, for the seventh consecutive day, after an intraday volatile session.

During trading session, the Sensex surpassed the 11,000 mark while the Nifty tested the 3,400 level. BSE Sensex settled the day at 10,967, up 163 points or 1.51%, and Nifty ended up 40 points or 1.21% to 3,382.

Further, BSE Mid Caps and Small Caps also ended the day with gains of 106.57 and 147.61 points at 3,464.92 and 3,915.16 respectively.  

The domestic market opened on Monday, on green territory backed by positive cues from the global markets. However, benchmark indices soon turned volatile on profit booking by investors.

But during mid-afternoon hours, the resumption of buying by the foreign funds led buying interest back in the domestic bourses. In addition, the firm cues from the global markets also contributed to the upward journey of Sensex.

On sectoral front, Metal, Bank, Reality, PSU, Auto, Capital Goods and Power stocks attracted most of the buying. While, segments like consumer durable and IT stocks witnessed heavy selling in select counters.

The list of gainers from the BSE Sensex pack included Tata Motors (12.01%), Tata Steel (8.31%), Sterlite Industries (7.39%), SBI (6.80%), DLF Ltd (5.04%), HDFC Bank (4.84%), ICICI Bank (4.49%), RCom (3.49%), M&M Ltd (3.39%) and JP Associates (3.25%).
 
While, the losers from the BSE Sensex pack were TCS Ltd (1.91%), Wipro Ltd (1.90%), Grasim Indus (1.59%), HUL (1.33%), Infosys Tech (1.22%), NTPC Ltd (1.00%) and HDFC (0.99%).
 
The Indian stock market will remain close on tomorrow i.e. Tuesday (14th April 2009) for Dr. Ambedkar Jayanti.