Initial forecast of a near normal monsoon and positive global cues acted as triggers for the markets which shot up and benchmark Sensex closed higher by 237.01 points.
MUMBAI: Initial forecast of a near normal monsoon and positive global cues acted as triggers for the markets which shot up and benchmark Sensex closed higher by 237.01 points.
Good buying support in a wide section of counters such as banking, realty, metal, IT, mid-cap and small-cap aided the the 30-share index on the Bombay Stock Exchange to close higher at 16,481.20 points, up by 237.01 points, or 1.46 per cent, from its previous close.
The Sensex had touched the intra-day high of 16,570.57 during afternoon trade.
The broader 50-share S&P CNX Nifty of the National Stock Exchange also rose by 71.10 points, or 1.45 per cent, to close at 4,958.40 points from its last close of 4,887.30.
Asian markets closed higher. Indices in Taiwan, South Korea, Singapore, Japan and Hong Kong were up about 0.27 per cent to 1.92 per cent. European markets also traded in the green in their early trade. Key Indices in UK, France and Germany were up about 0.29 per cent to 0.81 per cent.
Marketmen said initial forecast of a near-normal monsoon this year by the Indian Meteorological Department (IMD) boosted the market sentiment today, and added global cues were also positive.
IT stocks hogged the limelight for the third consecutive day, pushing up the BSE IT Index by 3.60 per cent. Sectoral giant Infosys closed 2.38 per cent higher, while TCS was up by 2.71 per cent and Wipro 2.65 per cent.
Among other prominent gainers, HDFC Bank topped the pact with a gain of 6.95 per cent, followed by Hindalco by 5.58 per cent, DLF by 4.28 per cent, HDFC by 4.32 per cent.
Jayprakash Associates, Bharti, M&M, Tata Steel ah by 2.92 per cent, ICICI Bank by also gained in the range of 2-4 per cent.
Reflecting a sharp rally, BSE-Metal index shot up by 526.81 points to 14,661.13, Realty index by 292.77 points to 7,638.73, Bankex by 252.13 points to 8,295.84, IT by 144.40 points to 4,150.90 and PSU by 129.29 points to 7,740.80.
Small-cap index shot up by 180.22 points to 8,531.36 and Mid-cap by 137.29 points to 6,836.39.
The surge in these segments also held the market breadth strong with 2,025 stocks registering gains against 703 losers.
The trading volume dropped to Rs 6,723.75 crore from Rs 6,800.65 crore on Wednesday. Orchid Chemical remained the most active scrip with highest turnover of Rs 663.22 crore followed by NDTV (Rs 240.30 crore), RIL (Rs 216.82 crore),
RPL (Rs 139.25 crore) and RNRL (Rs 134.24 crore).
The broad-based BSE-100 index advanced by 141.86 points to 8,740.67 from 8,598.81 previously.
The BSE-200 index and the Dollex-200 were quoted higher at 2,051.87 and 855.64 at close compared to their last close of 2,017.16 and 840.32 respectively. The BSE-500 index firmed up by 112.46 points to 6,555.17 from its last close of 6,442.71 and the Dollex-30 ended up at 3,389.12 from 3,337.03
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