The domestic market continued its rally for the second consecutive day to close with handsome gains on the back of intensive buying across the counters. The market extended its gains to more than 5% on favorable global cues led by China after it announced about massive economic stimulus package worth $ 586 billion in an attempt to lift its weakening economy. Further, Taiwan cuts interest rates by 25 bps, fourth time in two months after exports dropped in October by most in three years. The market opened on upbeat note and continued its northward journey till end on strong cues from the markets all over the world.
It was a fabulous session for the market. The BSE Sensex ended above 10,500 level with gain of more than 5.7% and NSE Nifty closed above 3,100 with increase of more than 5.8%. From the sectoral front, the Metal index surged to close with increase of more than 10%. Besides, the Power, Capital Goods, Oil and Gas, Teck, PSU, IT and Realty index also followed the rally to post good buying. Along with that, Midcap and small cap stocks were also in the limelight.
Among the Sensex pack 28 stocks ended in green territory and 2 in red. The market breadth was positive as 1694 stocks closed in green while 855stocks closed in red and 73 stocks remained unchanged.
The BSE Sensex closed higher by 571.87 points at 10,536.16 and NSE Nifty ended up by 175.25 points at 3,148.25. The BSE Mid Caps and Small Caps closed with gains of 119.71 points 3,475.09 and by 87.93 points at 3,988.03. The BSE Sensex touched intraday high of 10,570.58 and intraday low of 10,095.90.
Gainers from the BSE Sensex pack are Sterlite Industries (13.43%), Tata Steel (12.81%), Reliance Infra (10.93%), Hindalco (10.50%), JP Associates (10.21%), Tata Power (9.64%), ICICI Bank (9.24%), Bharti Airtel (9.13%), ONGC Ltd (8.65%), BHEL (7.66%) and NTPC Ltd (7.28%).
Losers from the BSE Sensex pack are ONGC Ltd (1.37%) and Maruti Suzuki (0.27%).
The BSE Metal index ended higher by (10.92%) or 562.50 points at 5,714.83. Major gainers are NMDC Ltd (17.93%), Jindal Steel (14.93%), Sterlite Industries (13.43%), Hindustan Zinc (13.38%), Tata Steel (12.81%) and Nalco (11.64%).
The BSE Power index surged (7.84%) or 139.42 points to close at 1,916.99. Gainers are GMR Infra (15.11%), GVK Power (13.58%), Torrent Power (11.94%), Reliance Infra (10.93%), ABB Ltd (9.24%) and Siemens Ltd (8.98%).
The BSE Capital Goods index advanced by (6.33%) or 483.02 points to close at 8,118.43. Gainers are Praj Industries (17.05%), Alstom Proje (10.44%), ABB Ltd (9.24%), Siemens Ltd (8.98%), Crompton Greaves (8.44%) and BHEL (7.66%).
The BSE Oil & Gas index gained (6.11%) or 367.51 points to close at 6,381.08. Major gainers are Cairn Ind (10.99%), ONGC Ltd (8.65%), Reliance (7.00%), Esar Oil Ltd (5.11%), Reliance Natural Resources (4.74%) and Aban Offshore (4.32%).
The BSE Teck index ended higher by (5.98%) or 124.79 points to 2,210.63 as Deccan Chronicle (19.56%), Aptech Ltd (12.24%), UTV Software (11.77%), Tata Telesrv (10.81%), Balaji Tele (9.72%) and Rolta India (9.39%) ended in positive territory.
The PSU index ended up by (5.62%) or 278.87 points at 5,244.67 as NMDC Ltd (17.93%), Nalco (11.64%), ONGC Ltd (8.65%), BHEL (7.66%), NTPC Ltd (7.28%) and Mahanag Tele (6.56%) in positive territory.
It was a fabulous session for the market. The BSE Sensex ended above 10,500 level with gain of more than 5.7% and NSE Nifty closed above 3,100 with increase of more than 5.8%. From the sectoral front, the Metal index surged to close with increase of more than 10%. Besides, the Power, Capital Goods, Oil and Gas, Teck, PSU, IT and Realty index also followed the rally to post good buying. Along with that, Midcap and small cap stocks were also in the limelight.
Among the Sensex pack 28 stocks ended in green territory and 2 in red. The market breadth was positive as 1694 stocks closed in green while 855stocks closed in red and 73 stocks remained unchanged.
The BSE Sensex closed higher by 571.87 points at 10,536.16 and NSE Nifty ended up by 175.25 points at 3,148.25. The BSE Mid Caps and Small Caps closed with gains of 119.71 points 3,475.09 and by 87.93 points at 3,988.03. The BSE Sensex touched intraday high of 10,570.58 and intraday low of 10,095.90.
Gainers from the BSE Sensex pack are Sterlite Industries (13.43%), Tata Steel (12.81%), Reliance Infra (10.93%), Hindalco (10.50%), JP Associates (10.21%), Tata Power (9.64%), ICICI Bank (9.24%), Bharti Airtel (9.13%), ONGC Ltd (8.65%), BHEL (7.66%) and NTPC Ltd (7.28%).
Losers from the BSE Sensex pack are ONGC Ltd (1.37%) and Maruti Suzuki (0.27%).
The BSE Metal index ended higher by (10.92%) or 562.50 points at 5,714.83. Major gainers are NMDC Ltd (17.93%), Jindal Steel (14.93%), Sterlite Industries (13.43%), Hindustan Zinc (13.38%), Tata Steel (12.81%) and Nalco (11.64%).
The BSE Power index surged (7.84%) or 139.42 points to close at 1,916.99. Gainers are GMR Infra (15.11%), GVK Power (13.58%), Torrent Power (11.94%), Reliance Infra (10.93%), ABB Ltd (9.24%) and Siemens Ltd (8.98%).
The BSE Capital Goods index advanced by (6.33%) or 483.02 points to close at 8,118.43. Gainers are Praj Industries (17.05%), Alstom Proje (10.44%), ABB Ltd (9.24%), Siemens Ltd (8.98%), Crompton Greaves (8.44%) and BHEL (7.66%).
The BSE Oil & Gas index gained (6.11%) or 367.51 points to close at 6,381.08. Major gainers are Cairn Ind (10.99%), ONGC Ltd (8.65%), Reliance (7.00%), Esar Oil Ltd (5.11%), Reliance Natural Resources (4.74%) and Aban Offshore (4.32%).
The BSE Teck index ended higher by (5.98%) or 124.79 points to 2,210.63 as Deccan Chronicle (19.56%), Aptech Ltd (12.24%), UTV Software (11.77%), Tata Telesrv (10.81%), Balaji Tele (9.72%) and Rolta India (9.39%) ended in positive territory.
The PSU index ended up by (5.62%) or 278.87 points at 5,244.67 as NMDC Ltd (17.93%), Nalco (11.64%), ONGC Ltd (8.65%), BHEL (7.66%), NTPC Ltd (7.28%) and Mahanag Tele (6.56%) in positive territory.
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