Market report for the Day
The BSE Sensex shelved 205.08 points or 0.99% to settle at 20,482.80 (Provisional) while the S&P CNX Nifty shed 62.65 points or 1% to end at 6171.25 (Provisionally).
The BSE Sensex touched a high and a low of 20,854.55 and 20,442.82 respectively. There were 1136 advances against 1877 declines on the index.
Markets further extended gains in late trade, with the Sensex and Nifty closing with gains of 2.4% and 2.3%, respectively. BSE mid-cap and small-cap indices underperformed the key benchmark indices, closing with gains of 1.0% and 1.1%, respectively. Among the front liners, HDFC, TCS, Wipro, L&T and Jaiprakash Associates gained 4–5%, while NTPC lost 1.3%. Among mid caps, Apollo Hospitals, MVL, Infotech Enterprises, Vijaya Bank, State Bank of Bikaner and Jaipur gained 5–10%, while Jagran Prakashan, IPCA Labs, Info Edge India, Man Infra and Shree Global Trading lost 2–3%.
Indian markets surged to hit 33-month closing highs yesterday as world stocks rose on growing expectations that the US Federal Reserve will take further measures to boost the slowing economic recovery and continued foreign fund inflows. All sectoral indices closed positive with IT, capital goods, real estate and FMCG stocks were major gainers.
Wipro up 2.09%, Tata Steel up 1.96%, Infosys up 1.07%, Tata Motors up 0.54% and Jindal Steel up 0.01% were the major gainers on the Sensex (Provisional). On the other hand, Reliance Communication down 3.29%, L&T down 3.19%, NTPC down 2.47%, Reliance Infra down 2.27% and M&M down 2.14% remained the major laggards on the index.
