ABAN THE ADVENTURE TODAYAfter a flat start to trade, equity benchmarks gained momentum in afternoon trade to finally cruise above crucial levels. Massive gains in metal counters and technology pack aided the rally. The broader market also participated in the rally. National Stock Exchange’s Nifty settled at provisional 5011.05, higher by 2.65 per cent or 129.35 points. The index climbed to a high of 5016.70 from a low of 4870.05 intra-day. Bombay Stock Exchange’s Sensex ended at 16,867.62, up 427.06 points or 2.60 per cent from the previous close.
The index surged to a high of 16,887.80 from a low of 16,405.19. Midcaps and smallcaps found favour as well. The BSE Midcap climbed 2.05 per cent and BSE Smallcap Index edged up 1.59 per cent. Sectorwise, BSE Metal Index surged 4.31 per cent, BSE IT Index rose 4.05 per cent and BSE Realty Index advanced 2.55 per cent. Biggest Sensex gainers were Sterlite Industries (4.46%), Tata Motors (5.18%), GAIL (3.49%), Jaiprakash Associates (3.28%) and Wipro (3.01%). BPCL (-1.38%), Idea Cellular (-0.6%) and Cairn (-0.09%) were the only laggards in the 50-share index. Market breadth was extremely strong with 1723 advances against 1013 declines on the BSE.
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