Sensex shoots up 409 points

Today's major news
Shree Renuka Sugars acquires Brazilian company; the stock ends 1.91% higher.
HCL Technologies is looking for string of acquisitions; the stock closed the session 5.18% higher.
Rural Electrification Corporation gets Power Ministry’s nod for follow on public offer; the stock closed 5.46% higher.
Sun Pharmaceutical Industries sues Zydus Cadila for trademark violation; the stock ends the session 2.44% higher.
Bombay Rayon Fashions to raise funds; the stock closed the day 4.69% higher.
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Post-market summary
Global signals
On Tuesday, major US indices closed mixed and almost flat, as investors turned cautious on the market touching its 13-month high. The European markets lost steam owing to bleak performance on earnings front by Vodafone and weak metal prices that dragged the mining stocks. In today's trade, European indices opened higher with decent gains of over 1% each on the back of strong Asian cues. At the time of writing this report, FTSE 100 was trading at 5279 with gains of 48 points or 0.93%.
All the major Asian indices again managed to end the day in green with gains in the range of 0.01-2.49%, however China's Shanghai Composite was an exception that closed in red with marginal loss of 0.11%. Among Asian indices, the BSE Sensex surged the most, while the Nikkei 225 rose the least. SGX Nifty that opened marginally higher ended the day with heavy gains of 121 points.
Indian indices
It was all green for the Sensex, as all the 30 stocks of the benchmark index ended the day in positive zone. After a weak start, mere four points above its previous close, The Sensex soon slid into negative zone for a short period. However, it shot up from that point and never looked back to end the day 2.5% higher. The Sensex opened weak following the mixed global cues. However, with the Asian markets gaining momentum, Indian market took pace and outpaced other Asian indices. The Sensex that started the day at 16444, soon turned negative to hit the day’s low of 16405, however since then the market never looked back and surged to hit the high of 16888 in the closing session. At closing bell, the Sensex was 409 points higher owing to strong European opening and Asian closing.
Up, up and further up for the Sensex that ended the day at 16849 with over 2.5% gains, as metal, information technology (IT) and TECk stocks shone. It was a day when Nifty rejoiced and reclaimed the significant psychological level of 5000 and ended the day slightly higher at 5004, up by 122 points or 2.50%.
Sensex sentiment
The market breadth was positive, as out of 2,817 stocks traded on the BSE, 1,726 stocks advanced, whereas 1004 stocks declined. Eighty seven stocks closed unchanged.
Sectoral & stock screening
All the 13 sectoral indices closed positive today. BSE Metal index topped the sectoral index list posting gains of 4.27% to be followed by BSE IT that rose over 3.94% for the day. The remaining 11 indices ended the day 0.55% to 3.36% higher.
On stocks’ front, Jubilant Organosys was the star stock rising by 19.98% to be followed by Neyveli Lignite that gained over 14.79% and Hindustan Copper that shot up 14.17%. Educomp solutions, Shipping Corporation of India and Marico surged by more than 8% each. Among losers, Jai Corp slid the most, by 5.50%, to be followed by Adani Enterprises that fell 2.52% for the day. Indian Oil Corporation and Gujarat Petronet fell by over 1.50% each.
Viewing volumes
On turnover front, over 1.59 crore shares of Suzlon Energy changed hands on the BSE followed by GVK Power & Infrastructure (1.12 crore shares), Unitech (0.94 crore shares), Neyveli Lignite (0.70 crore shares) and Ispat Industries (0.70 crore shares).