Sensex touch above 30,000 mark for the first time ever; Nifty scales 9351

The benchmark Sensex, which was fighting to touch 30,000 mark has finally crossed above 30,000 mark and come out  to be well placed above 30,100 level. The BSE Sensex closed at 30,133.35 higher by 190.11 points. NSE  Nifty closed higher for the third consecutive trading session at 9351.85 up by 45.25 points.
HDFC Bank led the market rally, while  IT stocks remained under stress all through  day. Tech Mahindra was the biggest laggard  going down by 2.9% at Rs 425.45 per share. The IPO of S Chand got subscribed by 24% on its initial day of subscription. MRF Ltd closed higher by Rs 2,573.4 per share or 3.87% at Rs 69,018 per share.
The Bank Nifty index touched the fresh 52-week high of 22,276 level up by 222 points. PNB was the well focusing among the banking stocks, which closed higher by 3.66 percent  at Rs 167 per share. 
The rupee touched its 20-months high of 63.93 per dollar. European exchanges opened a bit  lower on today as investors focused on earnings, monetary policy and a tax announcement in the US.


 

Infibeam Performing Great on Stock Market Debut

On Monday Morning Session, Infibeam Incorporation has given a wonderful opening on its Stock Market Debut. The company has raised 450 crore rupees through its Initial Public Offer (IPO) and listed the shares today. In India, it is the first time any e-commerce company has got listed. Infibeam is a portal that avails online retailing, e-commerce software and internet services. Mr. Vishal Mehta the CEO has founded the company in 2007 and established the root in Ahmadabad. Now the company has offices in Delhi, Bangalore and Mumbai with having around 1300 employees. As the company is totally new in the market it might face some difficulties at initials, but in Indian Stock Market the company has been performing great since morning. Infibeam Stock is currently live at 452.25 with the hike of 22.25 points which is around 4.69%.