Mumbai: It was a fantastic session for the markets as they closed with huge gains on a new life-time high. India was among the best performing markets in Asia. Sensex added 350 points closing near 20300 levels.
After a lot of attempts Nifty not only ended above 6000 but also hit 6100 mark and closed just below that mark. Asia ended in green and now all eyes are on the Fed on rate cut decision, analyst feel that there could be a 25 bps rate cut.
Broader markets also participated in the uptrend, CNX Midcap and BSE Smallcap were up over 1% each. Breadth was extremely strong at 4:1. ONGC, Bharti Airtel, HDFC, Nalco, Glaxo Smithkline are the top gainers on the frontline indices.
ON A HIGH: After a lot of attempts Nifty not only ended above 6000, but also hit 6100 mark.
Sensex was up 360.21 points or 1.81% at 20290.89, and the Nifty up 136.65 points or 2.29% at 6097.25. About 2089 shares have advanced, 945 shares declined, and 52 shares are unchanged.
The BSE Midcap Index ended at 9,117.44 up 0.8%. The BSE Smallcap Index ended at 11,530.92 up 1.2%. The BSE Bankex was up 2.5%. IOB, HDFC Bank, Canara Bank, Union Bank, ICICI Bank, Karnataka Bank moved upwards.
The BSE Capital Goods Index was up 1% at 20,299.75. Kirloskar Bros, Astra Microwave, Greaves Cotton, Suzlon Energy, Punj Lloyd closed higher.
The BSE Auto Index closed at 5,765.34 up 1.6%. Maruti Suzuki, Bajaj Auto, Exide Industrie, Hero Honda closed higher.
The BSE Metal Index closed was up 2%. Shree Precoated, NALCO, Mah Seamless, Jindal Steel, Hindalco, Sterlite Ind closed higher. The BSE FMCG Index closed at 2,169.62 up 0.4%. United Spirits, HUL, ITC Tata Tea closed higher.
BSE Oil and Gas Index closed up nearly 2%. HPCL, GAIL, ONGC, BPCL, IOC ended higher. The BSE IT Index closed flat at 4,432.45. Financial Tech, Satyam, HCL, TCS, Wipro closed higher.
BSE Realty Index up over 3%. Phoenix Mills, DLF, Omaxe, Ansal Propertie, Puravankara Pro closed higher.
The NSE cash turnover was at Rs 18706.12 crore and the NSE F&O turnover was at Rs 59421.97 crore. The BSE cash turnover was Rs 8193.36 crore. Total market wide turnover was at Rs 86321.45 crore.