Market Opens Above 15,800 Mark

The 30-share index opened at 15,802.19 and is presently trading sturdily. It also touched its all-time high of 15,828.98. The stocks from telecom, auto, IT and banking led the advancements.

Asian markets gained in the early trading session on suppositions that the companies will declare better than expected earnings. Investor’s sureness and the market assumption took the regional benchmark to an all-time high.

Rahul Agarwal, VP, institutional sales, LKP Shares stated that market is likely to remain optimistic on Tuesday also. He is bullish on Reliance Group and UB Group companies.

He also said that some fresh buying can be seen in banking as well as telecom sector.

In the morning sessions, the market has had 413 progressions as compared to 85 declinations. The sectoral indices also showed advancements. BSE Bankex arose 0.15%, BSE IT climbed up 0.17%, BSE Metal gained 0.26% and BSE Realty ascended 0.59%, whereas BSE Auto rejected 0.08%,

In the opening times, the major leaders on the BSE index were L&T that gained 2.32% to Rs 2,675, NTPC, which climbed 1.36% to Rs 160.00 and Grasim arose 1.05% to Rs 3,062. The other gainers’ include Reliance Energy, M&M and HDFC.

ACC was only the major loser on the index, which declined 0.42% to Rs 1,135.

Mumbai-based real estate company Housing Development and Infrastructure (HDIL) got listed at 10% premium at Rs 550 as compared to its issue price of Rs 500 on BSE.