Sensex closes above 13,000 mark

Mumbai: The Bombay Stock Exchange benchmark index, Sensex, touched its highest level at 13,002.86 in afternoon trade on the back of heavy buying led by FIIs and mutual funds on Monday.

The Sensex closed at 13,024.26 up 117.45 points or 0.9 per cent. Markets had crossed the 10k level on Feburary 6 this year.

The opening day of the week marked a big feat for the stock markets. Analysts and traders were expecting Sensex to hit the psychological 13K level earlier last week. But after retracing a bit at the 12,900 levels, markets finally crossed the psychological 13,000 mark on Monday.

With markets touching a historical high, India Inc has proved its potential once again. FII money is flowing into the markets and company results have been good. Infosys recorded a net profit of Rs 794 crore earlier this month and an overall growth of over 9.1 per cent as compared to the previous quarter. Also, Wipro showed net profit rise by 12.83 per cent at Rs 700 crore as the company declared its Q2 results for the FY07.

"The 8 per cent GDP growth rate and the remarkable corporate performance has contributed to the rally in the stock markets," Rakesh Jain, analysts and CEO of Pranav Securities, said.

The analysts say there is enough headroom in the markets for further gain. However, they expect heavy profit-booking to take place as the Sensex touches record highs in the coming months.

"Corporate performance would continue to strengthen and markets can look for further gains in the next six months at least. By next year, we may expect the markets to touch the 14K level as well," Jain added.

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The Nifty gained 30 points to close at 3769. The BSE Small Cap Index closed at 6,483.80 down 36.58 points or 0.5 per cent.

The BSE Midcap Index ended at 5,422.63 up 26.36 points or 0.5 per cent.

The BSE Bankex was up 1.9 per cent at 6,517.85. Allahabad Bank, ICICI Bank, HDFC Bank, Kotak Mahindra moved upwards.

The BSE IT Index gained 0.4 per cent at 4,859.60. Patni Computer, HCL Tech, Wipro, Infosys and Satyam advanced.

The BSE Capital Goods Index was up 0.5 per cent at 8,704.26. Alstom Projects, Alfa Laval, Lakshmi Machine, Gammon India and L&T closed higher.

The BSE Health Care Index was up 0.7 per cent at 3,653.35. Glenmark, Cadila Health, Sterling Bio, Dr Reddys Labs, Orchid Chemical closed higher.

The BSE FMCG Index gained 0.4 per cent at 2,018.62. Dabur India, McDowell, Colgate, Shaw Wallace and HLL closed in green.

The BSE Oil and Gas Index gained 1.2 per cent to close at 6,050.21. Chennai Petro, HPCL, Reliance Natura, BPCL ended in green.

The BSE Auto Index closed flat at 5,388.50 and the BSE Metal Index was down 0.4 per cent to close at 9,098.73.

The NSE cash turnover was at Rs 8412.3 crore and the NSE F&O turnover was at Rs 25315.7 crore. The BSE cash turnover was Rs 3696.95 crore. Total market wide turnover was at Rs 37424.95 crore.

Markets today:

• All-time Closing High For Sensex, Nifty
• Sensex closes above 13,000 for 1st time ever; up 117.45 points at 13024.26
• Nifty up 29.75 points at 3769.10; surpasses its all time high during the day
• BSE Bank Index up 1.86 per cent; ICICI Bank up 3.6 per cent, HDFC Bank up 2.7 per cent
• BSE Oil & Gas Index up 1.15 per cent; HPCL up 4.3 per cent, BPCL up 2.4 per cent, ONGC up 1.9 per cent, RIL up 0.8 per cent
• Other Index gainers; Dr Reddy up 2.8 per cent, Infosys up 1.3 per cent
• CNX Midcap Index ends flat; gains led by pharma stock
• Glenmark Pharma up 5.3 per cent, Cadila Healthcare up 4.7 per cent
• BSE Small-Cap Index down 0.56 per cent; dragged by textile stocks
• Celebrity Fashions down 7.5 per cent, Loyal Tectiles down 6 per cent
• NSE Advance Decline ratio at 4:5
• Total market turnover at Rs 37424.95 cr Vs Rs 35186.65 on Friday

Net sales

% chg

Operating profit

% chg

OPM (%)

% chg

EPS

% chg

Infosys

3451.00

14.50

1109.00

25.00

32.10

260bps

16.70

16.20

Wipro

3263.10

12.30

802.50

11.30

24.60

-30bps

4.90

13.40

Satyam

1442.90

9.80

355.00

6.10

24.60

-90bps

10.80

23.40

TCS

4482.20

8.00

1229.40

22.70

27.40

320bps

10.10

15.00

HCL tech

1379.50

10.00

300.10

13.30

21.80

-40bps

7.80

6.90

Igate

202.60

11.60

20.10

55.60

9.90

282bps

3.30

864.00

Mastek

195.90

3.70

31.80

1.70

16.20

-30bps

7.50

1.80

Geometric

8.00

10.90

15.10

-7.70

18.80

-380bps

1.70

59.20

Aztecsoft

67.90

14.20

15.90

28.10

23.40

260bps

2.60

23.00

% chg : Quarter-on-Quarter (q-o-q)