Sensex scores a ton

BSE 30-share benchmark Sensex gained 109 points to close at 15614. NSE Nifty ended 32 points higher to close at 4528.

Finally, bulls managed to find some direction after struggling for trend in previous trading sessions. The Realty and IT stocks led from the front. Others like Auto and banking followed suit. Further, rise in India’s six key industrial production coupled with positive close in markets across Asia provided vital support. India’s July production at six key industries rose 6.3%



Realty stocks were in momentum after inclusion of construction major Unitech in Nifty-50 on 5th October. IT stocks were in limelight on back of value buying in this sector.



The BSE 30-share benchmark Sensex gained 109 points to close at 15,620 hitting an intra-day high of 15,650 and a low of 15547. NSE Nifty ended 32 points higher to close at 4,528 touching an intra-day high of 4,540 and low of 4,498.



All Reliance group stocks hit the 52-week high levels except for Reliance Communication. Others like RIL, RNRL, REL, Reliance Capital and RPL were at the roof top. REL edged lower by 0.5% at Rs890; Reliance Capital surged by 5.5% to Rs14,000, Reliance Industries gained by 1% to Rs2027, RNRL gained 1.1% to Rs51 and RPL added 0.4% to Rs130.



Dr Reddy’s Lab slipped 1% to Rs641. The company announced that they have received USFDA approval for Ranitidine (Zantac). The scrip touched an intra-day high of Rs653 and a low of Rs639 and recorded volumes of over 1,00,000 shares on NSE.



Western India Shipyard was locked at 5% upper circuit to Rs18.90 after the company announced that it approved revival plan with ABG Shipyard. The scrip touched an intra-day high of Rs18.90 and a low of Rs18.90 and recorded volumes of over 1,00,000 shares on NSE.



Lupin gained by 2.5% to Rs610 after the company announced that they have won Ramipril product patent challenge at Federal circuit. The scrip touched an intra-day high of Rs615 and a low of Rs599 and recorded volumes of over 1,00,000 shares on NSE.



BPCL gained by 0.2% to Rs310 after the oil refiner and Videocon Industries Ltd would acquire stake in a Brazilian oil exploration company owned by Canada's EnCana Corp. The scrip touched an intra-day high of Rs316 and a low of Rs306 and recorded volumes of over 2,00,000 shares on NSE.



Banking stocks were in limelight after RBI’s Deputy Governor Leeladhar said that Indian Banks are not affected by US subprime. SBI gained by 3% to Rs1674, HDFC Bank advanced by 2.6% to Rs1213. However, ICICI Bank pared gains on back of profit booking. The scrip was down 0.2% at Rs884.



Realty stocks ended firm on back of gains in Unitech, which surged by over 7% to Rs280 after The National Stock Exchange (NSE) stated it would replace IPCL in the NIFTY with Unitech. This would be with effect from October 5. Mahindra Gesco edged higher by 7% to Rs563 and Parsvnath gained 1% to Rs322.



IT stocks were back in action after being on the side lines. Satyam Computer gained by 1.6% to Rs434, Wipro was up by 1% at Rs456, Infosys advanced by 1% to Rs1834 and Tech Mahindra surged by 2.1% to Rs1309.

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