At the close, the benchmark 30-share index, BSE Sensex gained 305.07 points or 1.65% at 18,842.08 with 28 components registering rise. Meanwhile, the broad based NSE Nifty went up by 91.55 points or 1.62% at 5,727.45 with 47 components registering rise.
Nidhi Sarswat, senior reseach analyst, Bonanza Portfolio said,''On a broader range, Nifty still has near term resistance at 5,750 level which shall also be deciding level for coming sessions. Market outlook is that of cautious optimism and profits may be booked in rallies, until 5,750 is crossed decisively. In the coming sessions, market is likely to see further buying above 5,750 level. Support may be seen from 5,650-5,625 levels and resistance near 5,750-5,775. Investors’ shall be looking for global cues and other post-reforms actions within the country for further market direction.''
I T C contributed rise of 46.48 points in the Sensex. It was followed by H D F C Bank (40.88 points), Housing Development Finance Corporation (40.02 points), Infosys (30.24 points) and Reliance Industries (27.29 points).
However, NTPC contributed fall of 1.19 points in the Sensex. It was followed by Oil & Natural Gas Corporation (0.52 points), Tata Power Company (0.1 points), Maruti Suzuki India (0.29 points) and Grasim Industries (1.32 points).
Major gainers in the 30-share index were Bharti Airtel (5.22%), Sterlite Industries (India) (3.56%), Housing Development Finance Corporation (2.79%), H D F C Bank (2.69%), Hindalco Industries (2.55%), and Cipla (2.53%).
On the other hand, NTPC (0.38%), and Oil & Natural Gas Corporation (0.08%) were the biggest losers in the Sensex.
Mid & Small-cap Space
The BSE Mid and small caps underperformed their larger counterparts gaining 1.18% and 0.93% respectively.
The major gainers in the BSE Midcap were Alstom India (2.71%), Allahabad Bank (0.82%), Aban Offshore (0.62%), CORE Education and Technologies (0.46%) and A B G Shipyard (0.37%).
The major gainers in the BSE Smallcap were Trident (2.51%), Aarti Industries (2.04%), Action Construction Equipment (1.84%), A2Z Maintenance & Engineering Services (0.43%) and Adhunik Metaliks (0.16%).
Sectors in Limelight
The Realty index was at 1,937.04, up by 60.07 points or by 3.20%. The major gainers were Oberoi Realty (3.98%), Housing Development and Infrastructure (3%), D L F (2.4%), Indiabulls Real Estate (2.07%) and D B Realty (0.3%).
The Consumer Durables index was at 7,807.35, up by 240.51 points or by 3.18%. The major gainers were C.Mahendra Exports (3.76%), Blue Star (2.73%), Gitanjali Gems (2.54%), Whirlpool Of India (1.67%) and Bajaj Electricals (0.97%).
The FMCG index was at 5,975.55, up by 124.30 points or by 2.12%. The major gainers were Colgate-Palmolive (India) (4.53%), Godrej Consumer Products (3.08%), I T C (2.46%), Hindustan Unilever (0.73%) and Dabur India (0.24%).
The Bankex index was at 13,381.03, up by 242.09 points or by 1.84%. The major gainers were H D F C Bank (2.69%), Canara Bank (1.71%), I C I C I Bank (1.54%), Bank Of Baroda (0.68%) and Bank Of India (0.41%).
Market breadth was positive with 1,768 advances against 1,185 declines.
Value and Volume Toppers
Federal Bank topped the value chart on the BSE with a turnover of Rs. 4,832.98 million. It was followed by United Spirits (Rs. 3,225.80 million), Jet Airways (India) (Rs. 1,170.26 million) and Spicejet (Rs. 730.06 million).
The volume chart was led by Spicejet with trades of over 16.31 million shares. It was followed by Suzlon Energy (12.93 million), Unitech (12.39 million) and Federal Bank (10.48 million).