Mumbai: The markets closed with hefty gains in tune with other markets across the globe. The global rally was powered by dovish statement by Ben Bernanke on moderating economic growth and contained inflation.
Apart from the positive global cues we also saw some good set of corporate numbers like Gujarat Ambuja, which was above street expectations.
The markets maintained the momentum throughout the day with gains spreading over midcaps and small caps as well.
The Sensex closed with handsome gains of 345.60 at 10,352.94 and the Nifty gained 90 points to close at 3023.
The BSE Small Cap Index closed at 4,943.81, up 61.79 points.
The BSE Midcap Index ended at 4,127.59, up 52.85 points.
About 1214 shares advanced, 1066 shares declined, and 78 shares were unchanged.
All the BSE sectoral indices closed in the green. Banking stocks lead the rally followed by metal and auto stocks.
Markets Today
- Biggest single day gain for Sensex in July; led by global cues
- Sensex up 3.45 per cent or 345.60 points at 10352.94
- Nifty up 3.08 per cent or 90.3 points at 3023.05
- All BSE Sectotal Indices end in the green; all Sensex stocks in green
- BSE Metal Index up 5.2 per cent; Sterlite up 8.1 per cent, Tata Steel up 6.1 per cent
- BSE Bank Index up 4.8 per cent; ICICI Bank, SBI gain over 5 per cent each
- BSE Healthacare Index up 2.86 per cent; Ranbaxy up 7.36 per cent, Q1 results cheer market
- CNX Midcap Index up 2.1 per cent; led by mid-cap banking stocks
- Andhra Bank, J&K Bank, Syndicate Bank trade firm
- BSE Small Cap Index up 1.27 per cent; Sonata Software up 17.6 per cent
- NSE Advance Decline ratio at 2:1
- Total market turnover at Rs 31763.24 crore vs Rs 33203.26 crore on Wednesday
The BSE IT Index was up by 2.8 per cent at 3,844.02 moved up. Satyam, Mphasis BFL, TCS and Infosys jumped.
The BSE Metal Index advanced by 5.2 per cent at 7,810.14. Sesa Goa, Sterlite Ind, Tata Steel, Hindalco and Jindal Steel witnessed buying interest.
The BSE Oil and Gas Index rose 1.38 per cent at 4,985.49. Petronet LNG, HPCL, MRPL and Kochi Refineries advanced higher.
The BSE Capital Goods Index was up 2.96 per cent at 6,581.90. Greaves Cotton, Thermax, L&T and Ingersoll Rand closed higher.
The BSE FMCG Index was up 3.56 per cent at 1,919.95. Tata Tea, ITC, Colgate and Dabur India closed in green.
The BSE Consumer Durables Index gained 1.37 per cent at 2,611.69. Su-Raj Diamonds, Blue Star and BPL were up.
The BSE Auto Index added 2.86 per cent at 4,269.64. Escorts, Apollo Tyres, Tata Motors, MRF, Bajaj Auto and M&M closed in positive terrain.
The BSE Health Care Index was up by 2.86 per cent at 3,073.48. Ranbaxy Labs, Nicholas Pirama, Dr Reddys Labs and Divis Labs were among the major gainers.
The BSE Bankex was up 4.83 per cent at 4,247.28. Bank of India, Oriental Bank, PNB, Andhra Bank and Bank of Baroda.
The NSE cash turnover was at Rs 5643.66 crore and the NSE F&O turnover was at Rs 23538.64 crore. The BSE cash turnover was Rs 2580.94 crore. Total market wide turnover was at Rs 31763.24 crore.
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