Mumbai: It was a fabulous follow on session for the markets after Tuesday's surge as they closed on a new life time high. There has been no stopping for the bulls as the Nifty saw a neat triple-digit rally and the Sensex was up over 375 points.
This uptrend was without any signs of weakness and closing near the highest points of the day. Abundant liquidity in Asia, and specifically India, has taken the markets to such heights. On the earnings front, results are largely expected to be inline with expectations. Most of the Asia closed with substantial gains but Europe is more or less flat in the opening.
All the key BSE indices are ended in green with significant gains. Capital goods, realty, oil & gas and metal stocks are leading from the front.
Top gainers on the Sensex are L&T, VSNL, Suzlon Energy and Reliance Petro are up over 6per cent, BHEL up 4 per cent, Bharti Airtel up 3.81 per cent followed by ACC, Reliance Energy and ONGC.
Top losers on the Sensex are Bajaj Auto, Ranbaxy, Nalco, HPCL, BPCL, Maruti Suzuki and HUL. Capital goods stocks are leading the uptrend with index pivotal like L&T and BHEL up over 6 per cent and 4 per cent each respectively. The capital goods index is up 4 per cent.
Sensex was up 378.01 points or 2.07 per cent at 18658.25, and the Nifty up 114.20 points or 2.14 per cent at 5441.45.
About 1456 shares have advanced, 1511 shares declined, and 75 shares are unchanged. The BSE Small Cap Index closed at 9,022.75 up 0.5 per cent.
The BSE Midcap Index ended at 7,484.36 up 1.2 per cent. The BSE FMCG Index closed at 2,148.05 up 2.8 per cent. Tata Tea, Nestle, P and G, United Spirits were among the gainers. The BSE Metal Index closed at 14,443.52 up 3 per cent. Jindal Steel, Shree Precoated, Hindalco, SAIL, JSW Steel were among the gainers.
The BSE Capital Goods Index was up 4 per cent at 16,631.35. Suzlon Energy, Punj Lloyd, Larsen, Triveni Engg, Praj Industries, Reliance Infra up over 5 per cent each.
The BSE Auto Index closed at 5,456.93 up 0.5 per cent. Apollo Tyres, Mah and Mah, Amtek Auto, Tata Motors, Escorts, Hero Honda were among the gainers.
The BSE IT Index closed at 5,049.00 up 3 per cent. Tech Mahindra, Infosys, Mphasis, HCL Tech, Satyam ended higher. The BSE Bankex was up 2 per cent at 9,423.19. Bank of India, Axis Bank, Union Bank, Oriental Bank, ICICI Bank closed higher.
The BSE Oil and Gas Index closed at 10,550.55 up 1 per cent. Reliance Petro, Reliance Natura, ONGC, Essar Oil, Petronet LNG closed in green.
The NSE cash turnover was at Rs 21218.50 crore and the NSE F&O turnover was at Rs 79786.18 crore. The BSE cash turnover was Rs 8510.97 crore. Total market wide turnover was at Rs 109515.65 crore.
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