Sensex posts new high
Mumbai: The Bombay Stock Exchange benchmark hit yet another intra-session high of 15,075.30 points in early trade on Monday on sustained buying by funds in heavyweight stocks.

The BSE-30 share Sensex, which had crossed 15k level on Friday, shot up by another 111.18 points, to a high of 15,075.30 in the first five minutes of trading.

Similarly, the wide-based National Stock Exchange's Nifty was up by 32.45 points at 4,417.30, a new intra-day high.

The stocks leading the upsurge were Reliance Industries, Larsen and Toubro, Bharti Telecom, TCS, Wipro, Grasim Industries and Gujarat Ambuja Cement.
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Indian ADRs post strong gains
US stocks were on the up for a second consecutive week, with the S&P 500 posting its biggest weekly gain since April. The benchmark jumped 1.8 per cent for the week while the Dow Jones Industrial Average climbed 1.5 per cent and the Nasdaq surged 2.4 per cent.

Indian ADRs put in a strong showing, with gains ranging from 2.5 per cent to 7.5 per cent, except for Patni Computers.

The top performer was the recently listed Sterlite Industries, gaining 7.43 per cent at $15.76, against the previous close of $14.67. Tata Motors was the second biggest gainer by 7.12 per cent at $1 7.59 ($16.42).

Wipro, which announced the acquiring of Unza Holdings Ltd, a Singapore-based FMCG for an all-cash consideration of Rs1,010 crore, closed at $16.08 ($15.55), a gain of 3.4 per cent.

Among the IT majors, Satyam gained six per cent to close at $26.26 ($24.76).

Infosys, which is scheduled to announce its first-quarter numbers on July 11, closed with a gain of 4.38 per cent.

Both the banking counters - HDFC Bank and ICICI Bank - also gained by 4.16 per cent and 4.3 per cent respectively.

The premium/discount for ADRs almost remained around the previous week's levels.
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