Manic Monday in market, Sensex gets a high at 19K

UP, UP AND AWAY:The rally comes within days of Union Finance Minister expressing concern over market surge.

and roaring: , new high

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Mumbai: There has been no stopping for the markets and it is roaring loud. The BSE Sensex hit 19,000 mark and the Nifty is above 5,600 level.

At 1438 hrs IST, the Sensex was up 566.28 points or 3.07 per cent at 18985.32 and the Nifty was up 210.00 points or 3.87 per cent at 5638.25. About 2073 shares have advanced, 897 shares declined and 77 shares are unchanged.

The Sensex has taken only four days to rally from 18000 to 19000, the fastest 1000 points rally. Reliance, Tata Steel, ACC are jumping upwards. Metal continue to rally up with Tata Steel, Sesa Goa, Sterlite Ind, Hindalco are among the major gainers.

The sun is shining on the broader markets as well as smallcap as well as midcap indices are up nearly 2.5 per cent each. The market breadth, too, is extremely healthy.

On the Nifty, among the top gainers are Sterlite Industries is up 15 per cent, Reliance Energy up 8 per cent, ONGC, SAIL, GAIL each up over 7 per cent and Siemens up 6 per cent.

ONGC is up 7 per cent and its market capitalisation has hit Rs 2.5 lakh crore mark, it is the second company after Reliance to hit Rs 2.5 lakh crore mark

In the F&O segment RNRL up 5 per cent, it has added 13.5 lakh shares in open interest, Arvind Mills is up 7 per cent and has added 38 lakh shares in open in interest.

Metal, oil & gas, banking and realty stocks are still in the lime light. All the BSE sector indices are trading in green. Metal is leading from the front with nearly 6 per cent gains followed by oil & gas index up over 3% followed by capital goods, banking and realty up 2 per cent.

The 1,000 point rally from 18,000 to 19,000 comes within days of Finance Minister P Chidambaram expressing surprise and concern over the surge, which he attributed to speculators, while hoping that things would cool down soon.

The 30-share index registered a whopping gain of 608.03 points to touch the day's high of 19,027.07 at 1445 hrs. The record breaking rally betters the previous 16,000-17,000 point journey covered in six sessions. The next milestone came in eight trading sessions.