Sensex Gains 726.72 Pts At 14,042.32

The 30-share index, BSE Sensex ended the week on a cheerful note on Friday (Sep 19). It crossed the 14,000 mark on the back of sustained buying interest witnessed across the board. 

Realty, IT, power and banking stocks led the rally. Midcap and smallcap stocks also rose all through the day. 

The bulls showed their intent during the second half after the finance minister P Chidambaram stated that Indian banking institutions were greatly insulated from the outcomes of global turmoil and that there was no cause for any alarm.

The wholesale price index (inflation) that climbed up to 12.14 percent, as compared to 12.10 percent during the last week, failed to depress the market reaction.

Finally, Sensex closed the day after gaining 726.72 at 14,042.32. It also touched an intra-day high of 14,097.44 and an intra-day low of 13,674.96. 

In contrast, the broad-based NSE Nifty marked its closure at 4,245.25, up 207.10 points. It also hit an intra-day high of 4,262.65 and an intra-day low of 4,040.80. 

The total breadth of the market was sharply positive as it saw 1,888 advancements as against 740 declinations.

Biggest gainers on the list included Satyam Computer Services, which profited 10.48%, ICICI Bank gained 9.07%, Housing Development Finance Corporation surged 8.32%, Tata Power Company gained 8.30%, DLF zoomed 7.78% and Oil & Natural Gas Corporation made 7.30%. 

There were no losers at the 30-share index.