Markets up, autos and metals lead the show

Indian equities continued to rally for the second day on Thursday. The Sensex wrapped the day on a buoyant note on the back of strong European market. All sectoral indices were in green. Auto and metal stocks rallied followed by realty, teck, healthcare and power. Moreover, Japan`s GDP rose at an annualized 5% rate in the three months ended March 31 faster than the 4.9% reported last month. Further positively trading US index futures aided our markets to remain in green.

It opened flat at 16,668.91 on mixed Asian shares. The Sensex traded in a range for sometime and later gained strength as buying intensified across board due to good European cues to finally close on a pleasant note after touching a high of 16,942.60.
Meanwhile, Food Inflation rose marginally to 16.74% for the week ended May 29 on high prices of pulses, milk and fruits. Inflation increased by 0.19 percentage point from 16.55% in the previous week.
European market opened flat with negative bias, but later on gained strength. UK`s FTSE 100 moved up 13.35 points, or 0.26%, to trade at 5,099.21. France`s CAC 40 gained 36.82 points or 1.07% to trade at 3,483.59. Germay`s DAX edged higher by 34.92 points or 0.58% to trade at 6019.67. (4.15 p.m., IST)
Most Asian stocks rose, led by energy producers, and Standard & Poor`s 500 index futures gained after economic reports from the U.S. to Japan to Australia showed accelerating growth.
At the close, the benchmark 30-share index, BSE Sensex added 264.19 points or 1.59% at 16,922.08. Meanwhile, the broad based NSE Nifty climbed by 78.30 points or 1.57% at 5,078.60.
Sensex Movers
Bharti Airtel contributed rise of 22.16 points in the Sensex. It was followed by Larsen & Toubro (20.2 points), State Bank Of India (20.14 points), Reliance Industries (20.08 points) and H D F C Bank (15.21 points).
However, Oil & Natural Gas Corporation contributed fall of 1.9 points in the Sensex. It was followed by Grasim Industries (0.67 points), Sun Pharmaceutical Industries (1.17 points), ACC (1.55 points) and NTPC (1.71 points).
Biggest gainers in the 30-share index were Reliance Infrastructure (5.00%), Bharti Airtel (4.81%), Tata Motors (4.31%), Hero Honda Motors (4.14%), Hindalco Industries (4.14%), and Cipla (3.36%).
On the other hand, and Oil & Natural Gas Corporation (0.29%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The Midcap and Smallcap index rose 1.10% and 1.26% respectively.
Sectors in Limelight
The Auto index was at 7,940.31, up by 230.08 points or by 2.98%. The major gainers were Bharat Forge (3.64%), Bajaj Auto (2.28%), Ashok Leyland (2.19%), Amtek Auto (1.02%) and Exide Industries (0.74%).
The Metal index was at 14,400.09, up by 298.26 points or by 2.12%. The major gainers were Hindalco Industries (4.14%), Hindustan Zinc (2.36%), JSW Steel (2.29%), Jindal Steel & Power (2.05%) and National Aluminium Company (0.02%).
The Realty index was at 2,983.41, up by 52.89 points or by 1.80%. The major gainers were Indiabulls Real Estate (3.42%), D L F (1.78%), Housing Development and Infrastructure (0.75%), Ackruti City (0.7%) and D B Realty (0.68%).
The TECk index was at 3,193.56, up by 55.37 points or by 1.76%. The major gainers were Dish TV India (5.35%), Bharti Airtel (4.81%), Idea Cellular (3.56%), Reliance MediaWorks (2.37%) and Mphasis (0.16%).
Market Breadth
Market breadth was positive with 1,909 advances against 941 declines.
Value and Volume Toppers
State Bank Of India topped the value chart on the BSE with a turnover of Rs. 1,798.43 million. It was followed by Tata Steel (Rs. 1,188.56 million), ARSS Infrastructure Projects (Rs. 1,168.91 million) and Tata Motors (Rs. 952.73 million).
The volume chart was led by I F C I with trades of over 9.43 million shares. It was followed by Pipavav Shipyard (7.62 million), Hindalco Industries (4.55 million) and Shree Ashtavinayak Cine Vision (4.44 million).