Four sectoral indices hit all-time high; two at 52-week peak
Amid a bull run in the market, four of the 13 sectoral indices reached their all-time highs, while two others touched a one-year peak in the early trade today on the BSE.business Updated: Sep 21, 2010 14:49 IST
Amid a bull run in the market, four of the 13 sectoral indices reached their all-time highs, while two others touched a one-year peak in the early trade today on the BSE.
Witnessing a smart move at the start of the session, Bankex, Healthcare, FMCG and Auto indices touched their respective lifetime highs on the Bombay Stock Exchange.
Out of the 14 scrips, 11 were trading in the positive, while three others were trading in the red. Bankex rose to 13,993.32. HDFC Bank was up 1.46 per cent, Axis Bank 1.27 per cent but SBI was trading 0.15 per cent lower on the BSE.
Meanwhile, the 30-share benchmark Sensex topped the 20,000 mark and zoomed 183 points to 20,088.96 in the early session.
In line with the rally, the Auto index hit its all-time high at 9,469.02, led by gains in Hero Honda, Tata Motors and Maruti Suzuki, which rose 1.49 per cent, 0.55 per cent and 0.47 per cent, respectively.
Another index that saw a smart move in the early session was healthcare that soared to a new high of 5,920.04, led by an upsurge in Ranbaxy Laboratories, which was up 3.16 per cent and Sun Pharma that was up 1.50 per cent.
FMCG index too shot-up to its all-time high at 3,729.39 in the start of the trade. However, later it fell 16.47 points, driven by a fall in the heavy-weight ITC which plunged 1.16 per cent.
Among the other sectoral indices, Capital Goods index and Technology Index started the day on a strong note and touched their respective year-highs in the early trade.
A spurt in the engineering giant L&T drove the Capital Goods index to its 52-week high of 16,071.33, with a gain of a whopping 244.23. L&T emerged as the volume buzzer in the Sensex pack and soared 3.58 per cent to trade at Rs 2071.10.
Power major BHEL too was quoting higher by 2.05 per cent at Rs 2,490.75.
Similarly, the technology index too witnessed an upswing and hit one-year high at 3,723.41.