It was a standout performance by market on the back of some strong global cues. There was no volatility and Sensex closed above 15,300 and Nifty above 4450 levels. Breadth was heathy on strong turnover.
Technology stocks are sparkling on expectation of weakening rupee on the new ECB norm. Asia ended firm as Fed kept its rates unchanged serving as positive cues for the markets.
All the BSE sector indices are trading in green. Followed by the technology banking, realty and oil & gas stocks surged on the bourses.
Infosys, TCS, Wipro, HCL Tech, Polaris, Mphasis, Patni, Foursoft, Aptech were technology standout performers.
Export oriented sectors will be positively impacted on account of new ECB norm which is expected to arrest rupee appreciation. Apart from IT even phama stocks are expected to be positively impacted.
Sensex was up 375.21 points or 2.51% at 15307.98, and the Nifty up 105.75 points or 2.43% at 4462.10.
About 2108 shares have advanced, 825 shares declined, and 58 shares are unchanged.
The BSE Midcap Index ended at 6,665.67 up 91 points or 1.4%.
The BSE Smallcap Index ended at 8,051.22 up 136 points or 1.7%.
The BSE Bankex closed at 8,076.32 up 2%. Union Bank, Canara Bank, Centurion Bank, Bank of Baroda, PNB, Allahabad Bank moved upwards.
The BSE Capital Goods Index was up 1.8% at 13,032.66. Reliance Infra, Crompton Greave, Praj Industries, Gammon India, AIA Engineering, BHEL closed higher.
The BSE Health Care Index was up 1.2% at 3,671.59. Matrix Lab, Orchid Chemical, Ranbaxy Labs, Sun Pharma, Lupin closed higher.
The BSE Auto Index closed at 4,810.74 up 1.4%. Hero Honda, Cummins, Amtek Auto, TVS Motor, Exide Industrie, Escorts, Mah and Mah advanced.
The BSE Metal Index closed at 11,222.02 up 1.5%. Hindalco, SAIL, NALCO, Sesa Goa, Sterlite Ind advanced higher.
The BSE FMCG Index gained 1% at 1,953.80. Marico, Godrej Consumer, Nestle, GlaxoSmith Con, Dabur India closed higher.
BSE Oil and Gas Index closed at 8,048.75 up 3%. Essar Oil, Reliance, Petronet LNG, ONGC ended in green.
The BSE IT Index closed at 4,808.43 up 4%. HCL Tech, Mphasis, Infosys, TCS closed higher.
The NSE cash turnover was at Rs 10130.55 crore and the NSE F&O turnover was at Rs 42084.83 crore. The BSE cash turnover was Rs 4711.34 crore. Total market wide turnover was at Rs 56926.72 crore.
Source: Moneycontrol.com
