Money on the markets
A maturing market amid the mayhem
TCS leads Sensex over 15,000
Email 
Print
The BSE Sensex extended gains on Monday to cross the 15,000 mark as hopes of recovery in corporate earnings boosted confidence worldwide.
The 30-share sensitive index swung from an intra-day low of 14,854 to an intra-day high of 15,209 and closed 446 points higher at 15,191. The fifty-share Nifty ended 2.91 percent higher at 4502.
IT stocks rose on better-than-expected Q1 results by TCS, India’s largest IT exporter by sales, announced after trading hours on Friday. Shares in TCS ended 15.34 percent higher at 500.10 rupees.
On the sectoral front, the BSE IT Index rose 7.2 percent, followed by the Realty Index which ended 4.91 percent higher. However, the BSE FMCG Index closed 0.49 percent lower.
Shares in Reliance Industries, which challenged a lower court ruling to supply gas to Reliance Natural at below-market price, ended 5.03 percent higher, while Reliance Natural shares were down 2.6 percent.
Do you see the market uptrend continuing this week?
Comments RSSPost Your Comment
-
Author Profile
-
- Ireland rejects blame for Apple's low tax rate
- Rupee falls to near six-month low on stock losses, importer demand
- iGate sacks Murthy over undisclosed relationship
- JPMorgan shareholders support Dimon's dual roles in vote
- Gold charts point to fresh trouble ahead with eyes on $1,100/oz
- Sensex hits one-week low; doubts creep in after rally
- Omaxe raises $9 million in partially subscribed share sale
- Essar signs $1 billion financing deal with China
- HSBC says rupee better suited to stand USD strength
- Vodafone keeps Verizon payout to make up for European slump
Sensex at 15,191 points is poised to make a new 52-week high.Sensex could hit 15,750 mark before the weekly close.
FIIs continue to drive the market.They have restarted to invest in emerging markets.India as a growth story is back into reckoning.It is being viewed less as a risky investment.
If Tisco and Suzlon GDR issues manage to get investors at a premium,more corporates will follow.
A rise in Reliance helped sensex to score a major gain today.A late buying interest in this counter showed that more juice is still left.