Mumbai: It was a day of absolute strength for the markets. The bulls were back with vengence they not only reversed yesterday's loses but added more weight to close near the highest point of the day.
Sensex added over 1150 points and Nifty closed with gains of around 350 points. The breadth was in favour of advances and NSE advance decline was at 3:1.
Banking, power and realty stocks were among the star performers. Broader markets also joined in the party and ended higher but the front liners outperformed.
In the midcap space Essar Oil up 12%, Bajaj Hindustan up 11% followed by Indiabulls, Bank of Indian and Eduomp were up 7% each.
All the Sensex and Nifty stocks closed in green. Stocks were buzzing today Unitech was up 20%, Reliance Energy up 11%, L&T up 10%. ICICI Bank, ONGC and Nalco were up over 9% each, followed by GAIL, Ranbaxy, Tata Motors, Mahindra & Mahindra and Sun Pharma.
On a weekly basis, Nifty closed down 320 points after swinging around 910 points Sensex down over 600 points after swinging over 3050 points. This week saw the biggest single day absolute gain for Sensex.
Sensex closed up 1,139.92 points or 6.62% at 18361.66, and the Nifty up 349.90 points or 6.95% at 5383.35.
About 1629 shares have advanced, 1309 shares declined, and 47 shares are unchanged
The BSE Midcap Index ended at 8,021.12 up 6.4%. The BSE Smallcap Index ended at 10,420.90 up 4%.
The BSE Bankex was up 7.5% at 11,379.77. IOB, ICICI Bank, Centurion bank, Axis closed in green. The BSE Capital Goods Index closed at 17,463.18 up 6.6%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.
The BSE Auto Index closed at 4,842.87 up 6%. Tube Investment, Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher
The BSE Metal Index closed at 15,603.79 up 10%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher. The BSE FMCG Index closed up 5% at 2,160.03. Colgate, ITC, Nestle, Dabur ended higher
BSE Oil and Gas Index closed at 11,197.84 up 7%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher. The BSE IT Index was at 3,800.36 up 6%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed higher.
The NSE cash turnover was at Rs 13388.84 crore and the NSE F&O turnover was at Rs 39007.70 crore. The BSE cash turnover was Rs 5206.56 crore. Total market wide turnover was at Rs 57603.10 crore.
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