It was a great start to the week as markets closed at a 15 month high supported by positive global cues. SENSEX gained 327 points close at 16016, while Nifty ended at 4782, up 102 points. BSE Mid-cap and Small-cap indices gained 2.3% and 2.8% respectively. Indian markets gained the most among all the Asian markets in today’s trade. European markets were up nearly 1.5%, boosted by improved investor sentiment on news of a $16.7 billion bid for Cadbury from US based Kraft Foods. US markets are shut today on account of Labor Day holiday.
Except BSE FMCG index, which lost 0.08% in today’s trade, all other sectoral indices closed in green. Realty index was the top gainer, putting on 5.5%, followed by Metal index, which gained 4%. Tata Motor surged 11.3%, becoming the top gainer among the Sensex stocks, followed by Reliance Communication, which gained 6.6%. ITC and M & M were the only losers among the Sensex stocks, shedding 0.9% and 0.5% respectively. BSE advance-decline ratio stood at 3.8:1.
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