Markets sustain the momentum; Sensex adds another 100 points

07 February 2006

After yesterday's huge rally which saw the Sensex touching 10000, the indices were expected to sustain the momentum today morning as well. The markets did not disappoint and the Sensex opened very close to 10000 before gaining strength and adding another 100 points by the end of the day.

Most Asian markets ended the day with losses after a flat opening. The decline in oil prices are not enough to counter the uncertain trend in US markets.

The Sensex almost touched the 10100 mark and saw a new intra-day lifetime high of 10099.58 in the last half hour of trade before declining marginally by close. The Nifty saw a new lifetime intra-day high of 3025.

SAIL remained the best performer among index stocks for most of the day and finally closed with gains of more than 5 per cent.

Auto stocks had a good day with most of them ending with substantial gains. M&M started the rally in the sector before closing more than 3.5 per cent higher. Tata Motors saw a late surge and closed over 4 per cent higher.