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Sensex at record high; ICICI, Tata Motors, LT lead gainers

Aug 28, 2014, 10.16 AM IST | Source: Moneycontrol.com

Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major L&T, state-run GAIL and BHEL advanced over a percent. Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.

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Sensex at record high; ICICI, Tata Motors, L&T lead gainers

Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major L&T, state-run GAIL and BHEL advanced over a percent. Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.

10:00

The News International Team

The 30-share BSE Sensex touched a record high of 26674.38, up 92.74 points at 26652.89 supported by banking and financials, capital goods and oil & gas stocks. The 50-share NSE Nifty rose 25.25 points to 7961.30, which is few points away from all-time high.

The BSE Midcap and Smallcap indices gained 0.2 percent and 0.5 percent, respectively. About 1121 shares have advanced, 789 shares declined, and 62 shares are unchanged.

Top private sector lender ICICI Bank, commercial vehicle maker Tata Motors, engineering and construction major L&T, state-run GAIL and BHEL advanced over a percent. Shares of HDFC, HDFC Bank, ONGC, Reliance Industries, Wipro, HUL, Axis Bank and Bajaj Auto climbed 0.5-1 percent.

However, Infosys, SBI, Sun Pharma, Hindalco, Cipla, NTPC, Hero Motocorp and Tata Power declined 0.5-0.8 percent.
 
DLF lost another 2.6 percent (in addition to 4.6 percent loss in previous session) as the Supreme Court upheld the CCI order and directed the company to submit penalty of Rs 630 crore within 3 months. The total fine of Rs 800 crore, which includes penalty and interest amounts to 10 percent of its FY14 revenue. Morgan Stanley says imminent cash outflow will hurt DLF’s already stretched balance sheet and the year end net debt target of Rs 18500-19000 crore will likely worsen.

09:15

Sensex extends gains, Nifty reclaims 7950 on F&O expiry day

Shares of Larsen and Toubro, ICICI Bank, Axis Bank, Bharti Airtel, Bajaj Auto, Cairn India, BPCL and HCL Technologies gained 0.8-0.9 percent. However, Hero Motocorp, Hindalco Industries, Sun Pharma, Infosys, ONGC and TCS fell 0.2-0.7 percent.

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READ MORE ON  BSE Sensex, Nifty, Market, Tata Motors, ICICI Bank, L&T
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