Mkts close on a high note; Sensex soars : Sify.com

NSE 5762.75 +128.15
BSE 19363.19 +359.93

After opening on a high note this morning, the market retreated a bit within the next few minutes as stocks found some resistance at higher levels. However, it recovered rather swiftly and kept moving ahead as the session progressed with the firm trend on the Asian bourses and buoyant GDP growth keeping the bulls fairly engaged right till the end.

Mirroring the upbeat mood, the Sensex, which opened with a positive gap of over 130 points at 19,136.12 and hit a high of 19,424.99 in late afternoon trade, ended with a strong gain of 359.93 points or 1.89% at 19,363.19. The Nifty index of the National Stock Exchange closed with a gain of 2.27% or 108.15 points at 5762.75, around 20 points down from its intra-day high of 5782.55.
Thanks to the extremely positive sentiment, only Hindustan Unilever (down 1.45%), Ambuja Cements (down 0.85%), Bajaj Auto (down 0.55%) and BHEL (down 0.25%) among the Sensex components ended in the negative territory today.

Among Nifty stocks, GlaxoSmithKline Pharma (down 3.4%), Hindustan Petroleum Corporation (down 2.85%) and Hero Honda (down 2.6%) lost significant ground. Strong and widespread was the surge that all the sectoral indices closed with sharp gains today. The Metal index, which moved up by 5.09%, was the biggest gainer followed by the Realty barometer, which surged 3.94%. The Bankex, IT, Oil & Gas and Teck indices gained 2.5% - 2.75%. Mirroring the gains posted by power stocks, the Power index climbed up 2.13%.

The Consumer Durables, Capital Goods, FMCG and PSU indices went up by 1% - 1.75% while the Auto and Healthcare indices firmed up by 0.92% and 0.91% respectively. With several stocks from the midcap space vaulting higher, the Midcap index shot up by 2.28%. The BSE Smallcap index, not missing out on the rally, ended stronger by 1.31%.

Realty stock DLF ended as the biggest gainer from the Sensex for the first ever time. The stock, which made it to the Sensex pack recently, closed with a big gain of 7.05% at Rs 943.90.
Reliance Energy powered up by 4.5%. Tata Consultancy Services gained 3.85%. HDFC rallied 3.6%. Satyam Computer Services gained 3.4%. Tata Steel moved up by nearly 3% to Rs 825.70. ONGC (2.6%), Grasim Industries (2.6%), HDFC Bank (2.5%), Mahindra & Mahindra (2.45%), Maruti Suzuki (2.25%), Infosys Technologies (2.2%), Wipro (2.2%), Ranbaxy Laboratories (2.2%) and NTPC (2.15%) also closed with strong gains.

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