The Sensex opened 121 points higher at 15,363, also the day's
low, owing to firm cues from the global markets. Unabated
buying thereafter saw the index zoom to a high of 15,676. The
BSE benchmark finally ended at 15,629, up 388 points or 2.5%.
The Asian markets ended on a strong note. The Nikkei surged
343 points (3%) to 10,581. The Straits Times moved up 45 points
(2%) to 2,605 and the Seoul Composite increased 32 points (2%)
to 1,612. The Taiwan Weighted Index rallied 184 points (3%) to 6,838
All the sectoral indices ended in green . The BSE Realty index rallied 5% to 4,065. It was followed by Consumer Durables (3.5%), FMCG (3.5%), Metal (3%), Auto (3%), IT (2.5%) and Teck (2%) indices. The market breadth was extremely positive. Out of 2,825 shares traded, 2,033 advanced, 724 declined and 68 were unchanged on the BSE today. The Midcap and the small cap indices also fared well, up above 2.5% each. NSE Nifty ending above the 4,600 levels. It was a buying frenzy day aided by strong cues from the international equity markets including China. Technically as well the Nifty closed above its 20, 50 and 100 day moving average indicating a further up move cannot be ruled out. Monday’s rally was led by the Realty, Consumer Durables, FMCG and Capital Goods stocks. Even the Mid-Cap and the small participated in the upswing, infact the broader indices marginally
outperformed the benchmark Sensex and Nifty
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