The stock market stepped into the positive territory on yesterday’s justifications made by SEBI Head M. Damodaran that the SEBI remained firm on its decision of cutting back the unspecified FII inflows into the stock market.

After opening positively, today at 18,823.66, the stock market soon slipped into the negative zone, but it recovered its losses soon. Currently the stock market is dealing confidently.

Today, the Sensex has zoomed past its record peak, due to intense buying, and is now up 458 points at 19,229.

SBI has gained more than 6% to Rs 2,066. The stocks gained over 3% include Tata Steel, Larsen & Toubro and ACC.

ACC and Hindalco have soared 3% each to Rs 1,099 and Rs 198, correspondingly.

The stocks that made around 2.5% of gain included Reliance Energy, Reliance Communications, HDFC and ITC.

Grasim, Mahindra & Mahindra and Reliance have earned 2% each to Rs 3,782, Rs 788 and Rs 2,681, respectively.

ONGC has zoomed 1.7% to Rs 1,133. BHEL, Tata Motors, NTPC and TCS have advanced 1.5% each to Rs 2,325, Rs 805, Rs 226 and Rs 1,065, respectively.