New Delhi: The Sensex closed with a new all-time high of 12,310.72, up 91.94 points or 0.75 per cent. It hit a life high of 12,337.01.
The Nifty also closed at new high of 3634.25, up 28.80 points or 0.80 per cent. It also touched an all-time high of 3640.80.
The CNX Midcap also ended at new all-time high of 5216.90, up 26.6 points or 0.51 per cent. It also touched a life high of 5234.65.
The BSE Small Cap Index ended 7,517.75, up 43.01 points. The BSE Midcap closed at 5,931.39, up 29.42 points.
The market breadth was positive, about 1427 shares advanced, 1063 shares declined, and 63 shares remained unchanged.
The NSE cash turnover stood at Rs 9640.69 crore. The BSE cash turnover stood at Rs 4770.37 crore. The total market turnover was Rs 48,965.66 crore.
The NSE F&O turnover was Rs 34,554.6 crore. Reliance Capital, Tata Steel, India Cem, Century Tex and VSNL were the top trades in the NSE F&O segment today. The Nifty Futures discount widened to 26 points. It added 12 lakh shares in Open Interest.
Adrian Mowat, Asian Regional Strategist at JP Morgan says that they have downgraded India because one can get higher returns in other Asian and emerging markets. He advises clients to switch to China, Singapore, Taiwan within Asia ex-Japan.
He says that the environment for global emerging markets remain favourable, however high interest rates and inflation pressures will hit Indian markets.
Top gainers on the indices were ICICI Bank, Bharti Tele, Guj Ambuja Cements, SBI, Satyam, VSNL, PNB and ABB.
However, Hindalco, Dr Reddy's Labs, L&T, Grasim, Ranbaxy Labs, Zee Tele and MTNL were the top gainers on the indices.
Cement stocks witnessed volatile trade with Gujarat Ambuja bouncing back from the day's low at close.
FIIs were net buyers in the equity to the tune of $13.70 million on April 28.
On the corporate front, Zee group has forayed into energy sector, it will set up Rs 3,500 crore Gas-based Plant In Haryana. The group in talks With RIL, Shell & GAIL for gas supply.
Siemens announced its acquisition of the Isolator business of Elpro International Limited for Rs 25 crore.
MphasiS BFL has tied up with Integrien Corporation, to sell and implement Integrien's management solution.
Morarjee Realties board will meet on May 5 to consider merger of Dawn Mills.
Pratibha Ind has board meeting on May 11 to consider raising funds.
Reliance seeks Rs 1187 crore relief towards under-recoveries incurred on domestic sale of petrol and diesel in 2005-06.
iGate has signed a strategic it transformation agreement with Owens Corning, a Fortune 500 company. The company will provide Owens Corning scalability and technical depth in a range of Supply Chain technology initiatives.
The Panama Petro stock is up nearly 47 per cent in a month. There is a buzz in the market that Malaysia's Petronas may buy a stake in Panama Petro.
Experts believe that banking stocks can give good returns to investors from a short to medium term basis.
The BSE Bankex outperformed the other indices. It closed at 5,627.51, up 3.07 per cent or 167.72 points as buying was seen in ICICI Bank, PNB, Bank of Baroda, Allahabad Bank, Bank of India, Union Bank, IOB, SBI and Oriental Bank.
Technology stocks like HCL Info, i-Flex Solutions, Moser Baer, Satyam, HCL Tech and MphasiS BFL also ended higher. The BSE IT Index closed at 4,067.85, up 0.90 per cent.
Auto stocks including Apollo Tyres, Maruti Udyog, M&M, Hero Honda, Amtek Auto and MRF also made smart gains. The BSE Auto Index ended at 5,657.78, up 0.83 per cent.
The BSE Consumer Durables Index moved up 0.66 per cent at 3,475.27 amid gains in Mirc Electronics, Su-Raj Diamonds and BPL.
Oil stocks including MRPL, BPCL, IOC, HPCL and Kochi Refineries also surged on buying interest. The BSE Oil & Gas Index closed at 5,774.59, up 0.46 per cent.
Some FMCG, pharma and capital goods stocks also witnessed buying interest.
However, metal stocks like Hindalco, Hind Zinc, Nalco, Jindal Stainless and Sterlite Ind ended in red on some profit booking. The BSE Metal Index closed at 11,036.74, down 0.80 per cent.
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