Sensex reclaims 12000, IT & banking outperform

In an unprecedented rally, stock markets surged on Tuesday as players covered their short positions and bought frontline stocks on the back of a recovery in Europe.
The Nifty surged 129.75 points or 3.65 per cent to close at provisional 3684.35. The broad index recovered from a low of 3534.20 to touch a high of 3691.65.
The Sensex ended at provisional 12173.32, gaining 490.33 points or 4.20 per cent from Monday’s close. The index touched an intra-day high of 12194.63 and low of 11625.39.
All the sectoral indices ended in the green on gains in TECk (5.17%), IT (5.12%), Bankex (4.91%), oil & gas (4.33%) and realty (3.91%). Defensive sectors like FMCG and healthcare underperformed the Sensex slightly.
The BSE Mid cap Index and BSE Small Cap Index under performed the Sensex. The former gained 0.93 per cent and latter rose 1.33 per cent.
HDFC (7.76%), ICICI Bank (7.27%), Wipro (7.24%), Bharti Airtel (6.34%) and Reliance Industries (6.03%) were the top Sensex gainers.
Hindustan Unilever (-0.24%) and ONGC (-0.10%) were the only Sensex losers.
Market breadth was positive on the BSE with 1411 advances and 1099 declines.
In Europe, stocks recovered and were in green towards close of Indian market. FTSE 100 was up 0.17 per cent, CAC 40 advanced 0.13 per cent and DAX 30 rose 0.92 per cent.