The Sensex ended on a firm note as intense buying was seen in frontliners. Consumer durables, consumer goods, metal, auto and realty stocks led the advances, while FMCG stocks declined. It opened on a buoyant note, with a gain of 172.95 points, at 10,521.78 on Monday and gained further strength touching a high of Rs 10,654.89. Later, it pared some of its gains touching a low of 10,410.44.
Secondline stocks also supported the upmove. BSE Midcap and Smallcap index rose 2.48% and 3.21% respectively.
Amongst the sectoral indices, BSE Consumer durables soared 5.84%, Consumer goods, Metal and Auto surged over 3% each, Realty gained 2.97%, while FMCG was down by 1.82%.
On global front, Asian stocks rose, led by banks and carmakers and supported by the yen weakened to a five-month low and the statement by US Federal Reserve chairman Ben S Bernanke that policies to unfreeze credit markets are working. Nikkei gained 108.09 points, or 1.24%, to end at 8,857.93, Hang Seng index rose 452.35 points, or 3.11%, to close at 14,998.04 and Taiex index climbed 26.59 points, or 0.48%, to finish at 5,556.22.
European stocks advanced, as investors speculated the worst of the recession may be over. UK`s benchmark index FTSE 100 climbed 36.99 points, or 0.92%, to trade at 4,066.66. French benchmark index CAC 40 gained 33.63 points, or 1.14%, to trade at 2,992.37 and Germany`s benchmark index DAX advanced 44.70 points, or 1.02%, to trade at 4,429.69. (4.20 p.m., IST).
The Sensex ended the day with a gain of 186.04 points, or 1.80% at 10,534.87 after touching a high of 10,654.89 and a low of 10,410.44. The broad-based NSE Nifty climbed 45.55 points, or 1.42% at 3,256.60 after hitting a high of 3,303.90 and a low of 3,211.35.
Biggest gainers in the 30-share index were Mahindra & Mahindra (14.26%), Reliance Communications (11.19%), Larsen & Toubro (7.40%), Housing Development Finance Corporation (7.37%), Reliance Energy (6.47%), and Hindalco Industries (6.39%).
On the other hand, ACC (3.14%), ITC (2.49%), Ranbaxy Laboratories (2.30%), Grasim Industries (2.13%), Hindustan Unilever (1.67%), and State Bank Of India(1.43%) were the biggest losers in the Sensex.
Overall market breadth was sharply positive. Out of the total 2,567 stocks traded at BSE, 1,859 advanced, 633 declined while 75 remained unchanged.
Secondline stocks also supported the upmove. BSE Midcap and Smallcap index rose 2.48% and 3.21% respectively.
Amongst the sectoral indices, BSE Consumer durables soared 5.84%, Consumer goods, Metal and Auto surged over 3% each, Realty gained 2.97%, while FMCG was down by 1.82%.
On global front, Asian stocks rose, led by banks and carmakers and supported by the yen weakened to a five-month low and the statement by US Federal Reserve chairman Ben S Bernanke that policies to unfreeze credit markets are working. Nikkei gained 108.09 points, or 1.24%, to end at 8,857.93, Hang Seng index rose 452.35 points, or 3.11%, to close at 14,998.04 and Taiex index climbed 26.59 points, or 0.48%, to finish at 5,556.22.
European stocks advanced, as investors speculated the worst of the recession may be over. UK`s benchmark index FTSE 100 climbed 36.99 points, or 0.92%, to trade at 4,066.66. French benchmark index CAC 40 gained 33.63 points, or 1.14%, to trade at 2,992.37 and Germany`s benchmark index DAX advanced 44.70 points, or 1.02%, to trade at 4,429.69. (4.20 p.m., IST).
The Sensex ended the day with a gain of 186.04 points, or 1.80% at 10,534.87 after touching a high of 10,654.89 and a low of 10,410.44. The broad-based NSE Nifty climbed 45.55 points, or 1.42% at 3,256.60 after hitting a high of 3,303.90 and a low of 3,211.35.
Biggest gainers in the 30-share index were Mahindra & Mahindra (14.26%), Reliance Communications (11.19%), Larsen & Toubro (7.40%), Housing Development Finance Corporation (7.37%), Reliance Energy (6.47%), and Hindalco Industries (6.39%).
On the other hand, ACC (3.14%), ITC (2.49%), Ranbaxy Laboratories (2.30%), Grasim Industries (2.13%), Hindustan Unilever (1.67%), and State Bank Of India(1.43%) were the biggest losers in the Sensex.
Overall market breadth was sharply positive. Out of the total 2,567 stocks traded at BSE, 1,859 advanced, 633 declined while 75 remained unchanged.
No comments:
Post a Comment