After some weak sessions in the past few days the markets saw a strong closing with participation from frontline, midcap and smallcap stocks. Select midcaps in particular saw strong moves.
The Sensex closed with gains of 124.53 points or 1.16% at 10,876.19 knocking the doors at 10900 and the Nifty gained 34 points at 3182 eyeing the 3200 mark.
The BSE Small Cap Index closed at 5,177.91 up 64.82 points or 1.27%.
The BSE Midcap Index ended at 4,338.12, up 54.95 points 1.28%.
About 1613 shares have advanced, 734 shares declined, and 76 shares are unchanged.
The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green.
Metal stocks led the rally followed by capital goods and auto stocks.
The BSE Metal Index advanced by 2.53% at 7,887.71. JSW Steel, Jindal Saw, Tata Steel, Hind Zinc and Jindal Steel witnessed buying interest.
The BSE Auto Index added 2% at 4,541.20. Tata Motors, Ashok Leyland, Bajaj Auto, Exide Industrie and Cummins closed in positive terrain.
The BSE Capital Goods Index was up 1.5% at 7,176.43. Praj Industries, ABB, Gammon India and Siemen closed higher.
The BSE FMCG Index was up 1.08% at 1,901.81. P&G, Shaw Wallace, Tata Tea and ITC closed in green.
The BSE Health Care Index was up by 0.9% at 3,233.56. Orchid Chemical, FDC, Ipca Labs, Dr Reddys Labs and Novartis India were among the major gainers.
The BSE Bankex was up 0.8% at 4,780.23. UTI Bank, Bank of India, PNB, Centurion BoP, Karnataka Bank were among the gainers.
The BSE IT Index was up by 0.6% at 3,984.90 moved up. Mphasis BFL, HCL Tech, Patni Computer, HCL Info and I-Flex Solution jumped
The BSE Oil and Gas Index rose 0.79% at 5,100.83. MRPL, Petronet LNG, Chennai Petro and ONGC advanced higher.
The BSE Consumer Durables Index gained 0.17% at 2,730.56. BPL, Su-Raj Diamonds, Titan Industries and Blue Star were up.
Markets Today
Markets gain in the late trade amid bargain hunting & short covering
Sensex up 1.16% at 10876.19; Nifty up 1.09% at 3182.10
Nifty future discount trims to 12 points from 27 points
All BSE Sector Indices end in the green
BSE Metal Index up 2.40%; Tata Steel up 3.12%, Hind Zinc up 3.06%
BSE Auto Index up 1.92%; Tata Mot up 3.5%, Bajaj Auto up 3%
BSE Capital Goods Index up 1.55%; ABB up 2.83%; BHEL up 2.36%
CNX Midcap Index up 1.22% at 3905.9
Inox Leisure up 11.76%, SRF up 7.73%; Jagran Prakashan up 6.72%
BSE Small Cap Index up 1.27%; Granules India up 20%, ANDA approved; Ramakrishan Forgings up 20%, rumors of stake sale to M&M
NSE Advance Decline ratio at 5:2
Total market turnover at Rs 24089.35 cr Vs Rs 23,555 cr
The NSE cash turnover was at Rs 5091.39 crore and the NSE F&O turnover was at Rs 16340.39 crore. The BSE cash turnover was Rs 2657.57 crore. Total market wide turnover was at Rs 24089.35 crore.
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