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Back with a vengeance: Sensex zooms 128 points to all-time record close of 4846.36; BSE denies rumours

The stockmarket recovered its balance and bounced back with a vengeance, to touch a new all-time high of 4846.36 and also rose by about 128 points as confident foreign institutional investors rushed to pick up key stocks in an active trading session at the Bombay Stock Exchange today.

The market dismissed the unsubstantiated rumours that were doing rounds yesterday.

The market had touched a historic high of 4826.07, but subsequently plunged by 216 points yesterday.

However, the sentiment was bouyant today from the very start. The BSE-30 Sensitive Index opened higher at 4767.08, fell to a low of 4744.71 on profit-booking by some financial institutions and ended 127.63 points or 2.70 per cent higher at 4846.36 (day's high) as against the last close of 4718.73.

Incidentally, today's was a record all-time high close as well as the highest point ever touched by the Sensex in its lifetime.

On July 15, the Sensex breached the 4800 mark for the first time.

The BSE, in a release this evening, scotched all rumours about a payment crisis at the exchange.

Asia's oldest exchange refuted rumours about a payment crisis that did the rounds yesterday, resulting in a 216-point crash from peak levels at the exchange.

BSEsaid that all members have cleared their pay-in obligations and the exchange will declare pay-out as per schedule.

Meanwhile, marketmen said that FIIs bought into ITC, L&T, Zee Telefilms and ACC counters. Domestic operators, too, joined in the buying frenzy aiding the uptrend.

Mirroring the bullish sentiments, the BSE-100 index rose by 51.52 points to end at 2172.50 as against the last close of 2120.98.

The BSE-200 index rose by 11.26 points to close at 499.29, while the Dollex and BSe-500 indices ended 4.31 and 32.79 points higher at 191.01 and 1478.70 respectively.

Marketmen expect that continuation of today's rally may bring the Sensex closer to the much anticipated 5000 mark in the near future.

Meanwhile, at the National Stock Exchange, the S&P CNX Nifty crossed the 1400-mark to close at an all-time high of 1402.50, which is 30.85 points higher from the previous close of 1371.65.

Infotech scrips did not track the uptrend and fell moderately. Infosys Technologies fell by Rs 46 to Rs 5,594 and Pentafour Software declined by Rs 11 to Rs 590.

FMCG, cement and pharma scrips rose as a reflection of the bullish sentiment. ACC rose by Rs 10 to Rs 245, Glaxo by Rs nine to Rs 697, Hindustan Lever by Rs 74 to Rs 2704, ITC by Rs 66 to Rs 1053, L&T by Rs 25 to Rs 407, Ranbaxy Labs by Rs 18 to Rs 1015, Reliance by Rs 3 to Rs 181 and Zee Telefilms by Rs 225 to Rs 3045.

Meanwhile, the total turnover on the BOLT network was Rs 20.57 billion from trading in 81 million shares.

ITC topped the turnover list with Rs 1.73 billion followed by L&T, Zee Telefilms, ACC, Ranbaxy Labs, Tata Tea, Digital Equipment, Telco, BSES, SBI, Reliance, Satyam Computers, Tisco, Infosys and HLL.

UNI

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