Indian markets ended with smart gains on Thursday mainly on
the back of strong cues from the international equity markets.
Especially the Shanghai SE Composite index in China was a
major sentiment booster as the index staged a strong bounce
back, adding over 4.5% The interest rate sensitive stocks were in
demand, the Mid-Cap and the Small-Cap stocks also participated in the upsurge aiding the benchmark indices to end above psychological levels. However, the select Pharma and the FMCG stocks were under pressure. The market breadth was positive - out of 2,744 stocks, 1,525 advanced and 1,140 declined. INDEX MOVERS.........................
Mahindra & Mahindra surged over 5% to Rs 740. Maruti Suzuki and Hero Honda rallied 4.5% and 4% each to Rs 1,360 and 1,414, respectively. SBI surged 3.5% to Rs 1,752. Grasim, HDFC Bank and Tata Power gained 2.5% each to Rs 2,530, Rs 1,483 and Rs 1,280, respectively. Wipro and Infosys also added 2.5% each to Rs 505 and Rs 1,995, Respectively.Reliance Communications was up over 2% at Rs 245. Reliance Infrastructure, Tata Steel, ONGC, Sun Pharmaceuticals, BHEL, Sterlite, NTPC, ITC, Jaiprakash Associates added 1-2% each.
Reliance settled flat at Rs 1,898.
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