The domestic market celebrated the UPA’s victory over the crucial vote of confidence in parliament on Tuesday and ended the day with handsome gains. Market was hovering in sea of green for through out the trading session. Indian market opened with a bang tracking a spectacular win by the UPA government over the nuclear deal and kept on marching forward through out the trading session. The favoring cues from the global markets and decline in crude oil prices by more than $3 a barrel to $127.95 per barrel on the New York Mercantile Exchange gave a support to the market sentiments. This led to the market to gather the momentum to continue its northward journey and close at day’s high after D-day outcome. Both NSE Nifty and BSE Sensex closed with gains of more than 5%. The BSE Sensex ended above 14,900 level and NSE Nifty closed above 4,400 mark. The sharp rise was due to the heavy buying activities over the counters across all indices that ended in green. Out of which, Bank index rallied to close with a gain of around 10%. Also, the Capital Goods, Metal, Reality, Power and Oil & Gas stocks also witnessed heavy buying from these baskets. The market breadth was extremely strong as 2270 stocks closed in green while 436 stocks closed in red and 53 stocks remained unchanged.
UPA government won a vote of confidence in parliament on Tuesday, ensuring the immediate survival of the ruling coalition and a civilian nuclear deal with the United States. The government won 275 votes against 256 for the opposition. Government is now hoped to concentrate on addressing some pressing issues, like hold back the inflation and give a push to manufacturing growth.
The BSE Sensex closed higher by 838.08 points at 14,942.28 and NSE Nifty ended up by 236.70 points at 4,476.80. The BSE Mid Caps closed with gains of 269.91 points at 5,615.94 and Small Cap ended up by 17.91 points 276.22. The BSE Sensex touched intraday high of 14,979.90 and intraday low of 14,568.22.
Gainers from the BSE are Reliance Com Ltd (12.20%), ICICI Bank Ltd (11.64%), BHEL (10.92%), HDFC (10.92%), SBI (10.45%), Reliance Infra (10.36%), HDFC Bank Ltd (9.57%), DLF Ltd (9.12%), JP Associates (8.37%) and L&T Ltd (7.58%).
Among the Sensex 30 pack 28 stocks closes in green and only two closed in red. Lossers from the BSE are Cipla Ltd (2.21%) followed by HUL (0.65%).
The BSE Capital Goods index gained 933.47 points to close at 12,339.77. Major gainers are Punj Lloyd (12.46%), Seimens Ltd (11.48%), BHEL (10.92%), Suzlon Energy (10.37%), Crompton Greaves (9.85%) and L&T Ltd (7.58%).
The Metal index closed up by 838.07 points at 13,070.52. Gainers are Sesa Goa Ltd (14.79%), Sh Precoated (14.38%), Jindal Steel (12.95%), Tata Steel (9.51%), Ispat Industries (8.63%), and Jindal Sawl (7.87%).
The BSE Bank index closed higher by 662.52 points at 7,291.50. Major gainers are Yes Bank (16.76%), Karnataka Bank (14.68%), Kotak Bank (13.46%), Federal Bank (12.55%), ICICI Bank Ltd (11.64%), SBI (10.45%), Canara Bank (10.22%), and Indian Overseas Bank (9.60%).
The Oil & Gas index ended up by 482.28 points at 9,864.59. As Reliance Natural Resources (22.71%), Essar Oil Ltd (7.66%), Reliance Petroleum (6.91%), Aban Offshore (6.82%), BPCL (6.75%) and IOC (5.77%) closed in positive territory.
The BSE Reality index ended higher by 388.78 points at 5,199.27. As Pheonix Mill (18.76%), Housing Development (10.63%), Mahindra Life (10.11%), Sobha Dev (9.45%), PDLF Ltd (9.12%), Unitech Ltd (7.77%), and Parsvnath (7.50%) closed in positive territory.
The BSE Consumer Durables index gained 218.41 points to close at 3,737.45. Major gainers are Rajesh Exports (12.06%), Videocon Industries (9.17%), Ranbaxy Lab (4.74%), Titan India (7.66%), Blue Star Ltd (2.94%) and Lloyd Ele En (1.51%).
The BSE Power index gained 194.43 points to close at 2,707.11. Major gainers are Reliance Power (19.75%), GVK Power Inf (12.67%), Siemens Ltd (11.48%), BHEL (10.92%), Suzlon Energy (10.37%), Reliance Infra (10.36%) and Crompton Greaves (9.85%).
UPA government won a vote of confidence in parliament on Tuesday, ensuring the immediate survival of the ruling coalition and a civilian nuclear deal with the United States. The government won 275 votes against 256 for the opposition. Government is now hoped to concentrate on addressing some pressing issues, like hold back the inflation and give a push to manufacturing growth.
The BSE Sensex closed higher by 838.08 points at 14,942.28 and NSE Nifty ended up by 236.70 points at 4,476.80. The BSE Mid Caps closed with gains of 269.91 points at 5,615.94 and Small Cap ended up by 17.91 points 276.22. The BSE Sensex touched intraday high of 14,979.90 and intraday low of 14,568.22.
Gainers from the BSE are Reliance Com Ltd (12.20%), ICICI Bank Ltd (11.64%), BHEL (10.92%), HDFC (10.92%), SBI (10.45%), Reliance Infra (10.36%), HDFC Bank Ltd (9.57%), DLF Ltd (9.12%), JP Associates (8.37%) and L&T Ltd (7.58%).
Among the Sensex 30 pack 28 stocks closes in green and only two closed in red. Lossers from the BSE are Cipla Ltd (2.21%) followed by HUL (0.65%).
The BSE Capital Goods index gained 933.47 points to close at 12,339.77. Major gainers are Punj Lloyd (12.46%), Seimens Ltd (11.48%), BHEL (10.92%), Suzlon Energy (10.37%), Crompton Greaves (9.85%) and L&T Ltd (7.58%).
The Metal index closed up by 838.07 points at 13,070.52. Gainers are Sesa Goa Ltd (14.79%), Sh Precoated (14.38%), Jindal Steel (12.95%), Tata Steel (9.51%), Ispat Industries (8.63%), and Jindal Sawl (7.87%).
The BSE Bank index closed higher by 662.52 points at 7,291.50. Major gainers are Yes Bank (16.76%), Karnataka Bank (14.68%), Kotak Bank (13.46%), Federal Bank (12.55%), ICICI Bank Ltd (11.64%), SBI (10.45%), Canara Bank (10.22%), and Indian Overseas Bank (9.60%).
The Oil & Gas index ended up by 482.28 points at 9,864.59. As Reliance Natural Resources (22.71%), Essar Oil Ltd (7.66%), Reliance Petroleum (6.91%), Aban Offshore (6.82%), BPCL (6.75%) and IOC (5.77%) closed in positive territory.
The BSE Reality index ended higher by 388.78 points at 5,199.27. As Pheonix Mill (18.76%), Housing Development (10.63%), Mahindra Life (10.11%), Sobha Dev (9.45%), PDLF Ltd (9.12%), Unitech Ltd (7.77%), and Parsvnath (7.50%) closed in positive territory.
The BSE Consumer Durables index gained 218.41 points to close at 3,737.45. Major gainers are Rajesh Exports (12.06%), Videocon Industries (9.17%), Ranbaxy Lab (4.74%), Titan India (7.66%), Blue Star Ltd (2.94%) and Lloyd Ele En (1.51%).
The BSE Power index gained 194.43 points to close at 2,707.11. Major gainers are Reliance Power (19.75%), GVK Power Inf (12.67%), Siemens Ltd (11.48%), BHEL (10.92%), Suzlon Energy (10.37%), Reliance Infra (10.36%) and Crompton Greaves (9.85%).
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