Sensex closes above 15000 for 1st time since Sept '08

04 June 2009

The benchmark indices gained strength in the last hour of trade ahead of the government's much-awaited announcement on the budget date. The Union Budget would be held on July 3, 2009. The Rail Budget would be presented on July 1 while the Economic Survey would get announced on July 2.

This rally was led by infrastructure (capital goods + power), telecom, pharma, banking, realty and select cement stocks, which helped the Sensex to close above the 15,000 mark for the first time since September 2, 2008. The broader indices outperformed the benchmark indices and kept the market breadth strong.

The 30-share BSE Sensex closed 137.78 points or 0.93% higher at 15,008.68, after seeing an intraday high of 15,026.03 and low of 14,599.43. The 50-share NSE Nifty touched an intraday high of 4582.20 and low of 4453.45, before closing at 4572.65, up 0.93% or 41.95 points.

L&T, ICICI Bank, HDFC, Bharti, HUL, BHEL, Reliance Industries, Reliance Communication, Reliance Infrastructure, DLF and HDFC Bank were being supportive to the markets. However, the sell-off in metal and select technology stocks capped the gains.

Sectoral indices

On the sectoral front, BSE Realty and Capital Goods indices gained 3.2% each. Healthcare and Power indices rose 2.3-2.6%. Bank and FMCG indices went up 1-1.3%. However, Metal Index fell 2.11% and IT Index declined 0.5%.