Nifty touches 5000

The key indices today touched new record highs with the Nifty touching the high of 5003 and the Sensex crossing its 16820 level again. However selling of 1.5 crore shares by Reliance Industries kept the mood subdued. The market resumed at 16686 marginally up on firm global cues. While the mood remained upbeat on strong buying in teck, information technology (IT) and auto stocks. The market witnessed a steady decline towards the closing hours to slip and touched an intra-day low of 16636. The Sensex finally closed the session with marginal gains of 34 points at 16711, while the Nifty ended the session by adding 7 points at 4965.
The number of declining shares was more than advancing shares. On the BSE 1,223 stocks advanced, while 1,574 stocks declined. Teck, IT and auto stocks saw buying interest with BSE Tech, BSE IT and BSE Auto rising by 1.92%, 1.91% and 1.46% respectively. Oil & gas and realty scrips were down with BSE Oil & Gas and BSE Realty down by 2.86% and 0.91% respectively.
Among major gainers, ACC flared 3.65% to Rs827.95, Hindalco Industries added 3.62% to Rs136.05, Jaiprakash Associates shot up by 3.28% to Rs247.40, Bharti Airtel rose 3.13% to Rs433.15, Maruti Suzuki India moved up 3.08% to Rs1,559.35, Grasim Industries advanced 2.89% to Rs2769.65 and Wipro scaled 2.02% to Rs566.10. Among the scrips that were hit were Reliance Industries that dropped 4.45% to Rs2086.35, Tata Steel that slipped 1.97% to Rs521.15 and ITC that shed 1.02% to quote at Rs228.60.
Teck stocks saw strong buying interest. Patni Computer Systems flared 7.53% to Rs458.90, HCL Technologies rose 6.12% to Rs341.70, Tata Tele Service scaled up 5.41% to Rs35.05, Tanla Solution added 3.65% to trade at Rs69.50 and Bharti Airtel rose 3.13% to Rs433.15. However Financial Technologies slipped 1.86% to Rs1,384.80, NDTV lost 1.84% to quote at Rs163.05 and Television Eighteen India shed 1.77% to trade at Rs105.35.
Kingfisher Airlines shares was the most actively traded share with over 2.37 crore shares changing hands on the BSE followed by Spicejet (2.18 crore shares), NHPC (1.60 crore shares), Reliance Industries (1.29 crore shares) and Unitech (1.27 crore shares).