Markets ended near day’s highs Monday after investors bought stocks from across the board. All sectoral indices ended in the green with banks, metals and oil&gas in the lead. National Stock Exchange’s Nifty ended at 4902.25, up 106.10 points or 2.21 per cent. The index touched a high of 4905.25 and low of 4789.90 in today’s trade. Bombay Stock Exchange’s Sensex closed at 16,507.71, up 349.43 points or 2.16 per cent. The 30-share index hit a high of 16517.42 and low of 16147.21. BSE Midcap Index was up 2.06 per cent and BSE Smallcap Index moved 2.23 per cent higher. Amongst the sectoral indices, BSE Bankex advanced 4.80 per cent, BSE Oil&gas Index moved 2.51 per cent and BSE Metal Index jumped 2.47 per cent. Biggest Nifty gainers were Axis Bank (6.49%), State Bank of India (5.31%), SAIL (5.16%), ICICI Bank (4.77%) and HDFC Bank (4.15%). Bharti Airtel (-3.86%), Reliance Communications (-1.77%), Ambuja Cements (-1.43%), Hindustan Unilever (-0.53%) and Sterlite Industries (-0.27%) ended with losses. Reliance Industries is close to announcing a major overseas acquisition. If all goes according to plan, RIL is looking to do so before its annual general meeting on November 17. The likely target is a part of the assets owned by troubled petrochemical major LyondellBasell, which is undergoing reorganisation under the protection of a US court. State Bank of India, the country's largest lender, said on Monday it had entered into an agreement with T Rowe Price to sell a 6.5 per cent holding each in UTI Asset Management Company and UTI Trustee Company. Market breadth was positive on the BSE with 1985 advances and 750 declines
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