Easing of the crisis in Ukraine, steady foreign fund flows and a sharp fall in current account deficit were some of the factors driving the uptrend.
Interest rate sensitives and commodity stocks helped the Sensex close at 21919.79, up 405.92 points or 1.89 percent after hitting a peak of 21960.89.
Sensex hits intra-day record high of 21,961. Nifty hits intra-day record high of 6538 . Nifty, Sensex mark biggest intra-day gain since November 2013. Realty, Bank Nifty, Cap Goods lead the market rally. ICICI Bank, HDFC Bank contribute over 60 percent to Bank Nifty gain. ICICI Bank, RIL, HDFC Bank contribute over 60 percent to the Nifty gain.
The rupee is trading at fresh 12-week high gaining past 61 per dollar for the first time since December 10 2013. Equity market sentiment, strong FII flows and strength in the likes of the euro support the rupee. Gilts is tad lower due to lack of buying support and participation.
The Sensex and Nifty shares continued to see hefty buying interest but the midcaps and smallcaps are reeling under pressure on profit taking.
The Sensex is up 310.03 points or 1.44 percent at 21823.90, and the Nifty is up 91.50 points or 1.43 percent at 6492.65. About 1227 shares have advanced, 1050 shares declined, and 102 shares are unchanged.
The rupee has hit a new three-month high. IT stocks TCS, Wipro and Infosys are under heavy selling pressure. The Sensex is up 172.45 points at 21686.32, and the Nifty is up 54.25 points at 6455.40.
Equity benchmarks touched fresh record high in early trade Friday with the Nifty hitting 6450 level and Sensex trading over 21600 level supported by banks, capital goods and oil gas stocks.
Experts believe the market is gearing up for sharp upmove before general elections, adding 6500-6700 on the Nifty canât be ruled out in short term. An improvement in CAD, positive global cues and consistent support from foreign institutional investors (FIIs) too fueled the part rally today, they feel.
The Sensex is up 226.46 points or 1.06 percent at 21503.32, and the Nifty up 73.35 points or 1.16 percent at 6402.00. About 1636 shares have advanced, 990 shares declined, and 147 shares are unchanged.
The market is on fire today with Sensex hitting all-time high at 21492, up over 200 points. Nifty, too, is on fire with support by banks, realty and power stocks.
State-owned ONGC and Oil India has decided to buy equity shares of oil marketing company Indian Oil Corporation (IOC) at Rs 220 per share.
The rupee is at seven week high following the positive current account deficit data and support from Asian currencies such as the Korean won, Philippine peso and Malaysian ringgit. Gilts too are higher as October- December current account deficit narrowed to 0.9 percent of GDP.
Private sector lenders ICICI Bank and Axis Bank gained 1 percent each while rivals HDFC Bank and State Bank of India climbed marginally.
US markets ended flat on Wednesday after a record setting rally as investors track the developments in Ukraine. Europe too closed in the red while Asian markets are mixed today.
Industrial Development Bank Of India sold 17,36,534 shares of S Kumars Nationwide.
BSE Information Technology and Healthcare indices lost more than 2 percent while the rupee appreciated by 11 paise to 60.99 a dollar. This week, the domestic currency gained more than 100 paise.
Rating agency Standard and Poor's Rating Services raised long-term corporate credit rating on the company to BBB- from BB+ on likelihood of reduced leverage and improving regulations.
Central Bank of India has sold its entire stake in Credit Information Bureau of India (CIBIL) to Transunion International.
Prism Cement has started production of coal at the Prism Coal Mine in Chhindwara, Madhya Pradesh.
Brokerage house Citi has raised its target price for the stock to Rs 1305 from Rs 1137.
On March 06, 2014 Ashmore Sicav Indian Small-Cap Equity Fund has also purchased 15,94,807 shares of Prime Focus at Rs 27.95 on the BSE.
On March 06, 2014 Merrill Lynch Capital Markets Espana S.A. SVB bought 2,64,159 shares of Financial Technologies.
According to CNBC-TV18âs sources, the open offer was fully subscribed while acceptance ratio is likely to be around 85-90 percent. It is learnt that untendered shares will come by March 12.
Foreign institutional investors increased stake in Mindtree to 36.78 percent as of December 2013 from 35.65 percent in September and 30.99 percent in June.
Shares of ABG Shipyard rallied over 6 percent intraday on Thursday as the board of directors convened an extraordinary general meeting on March 29 for increasing authorised share capital.
As per the contract, the power equipment maker will supply two 800 MW supercritical boilers for Darlipalli super thermal power project (STPP) located in Sundergarh, in the Odisha . This project forms part of NTPCâs bulk 800 MW tender.
Merrill Lynch Capital Markets Espana SA SVB bought 2,35,461 equity shares of Jignesh Shah-led company at Rs 347.76 apiece via block deal (worth over Rs 8 crore) on the National Stock Exchange.
AstraZeneca Pharma fell as much as 8.8 percent intraday today and lost 13.6 percent in two consecutive sessions after rallying 50 percent in previous six straight sessions.
On March 05, 2014 Nomura Singapore Limited bought 49,87,920 shares of Ansal Properties Infrastructure at Rs 17.40.