Mumbai: It was a good session for the benchmark indices, after three days of lacklustre sessions. The Nifty held above 2800 mark throughout the day, mainly led by heavyweights from sectors like oil & gas, banking, technology, telecom, power, cement and metal.
This small rally may be ahead of likely US second stimulus package, which will be announced by Geithner (new US Treasury secretary), due to which Asian markets ended on a strong note.
Reliance Industries, ONGC, Bharti Airtel, SBI, ICICI Bank, NTPC, SAIL, TCS, Infosys, BHEl and HDFC were leading contributors in today's rally.
Shipping and realty stocks were also buzzing. Midcap and small cap stocks followed the same trend as well. All sectoral indices ended in green.
The 30-share BSE Sensex has touched an intraday high of 9,321.38, before ending at 9,300.86, up 209.98 points or 2.31per cent over previous close. The 50-share NSE Nifty closed at 2843.10, up 2.27 per cent or 63.05 points, after hitting a high of 2852.50.
Market breadth was in favour of advances due to positive broader indices; about 1,604 shares advanced while 1,191 shares declined. Nearly 206 shares remained unchanged.
Volumes were not so great, lower than Thursday level. Total traded turnover stood at Rs 39,786.06 crore. This includes Rs 7,000.70 crore from NSE cash segment, Rs 30,053.25 crore from NSE F&O and the balance Rs 2,732.11 crore from BSE cash segment.
On the global front, Asian markets ended sharply higher. Shanghai went up 3.97 per cent and Hang Seng gained 3.61per cent. Kospi rose 2.75 per cent and Taiwan up 2.48 per cent. Straits Times gained 0.63 per cent and Nikkei jumped 1.6 per cent.
At the time of closing Indian equities, European markets were trading marginally higher. FTSE rose 17 points, to 4,246. CAC gained 4.36 points at 3,070 and DAX was up 18 points, to 4,528.
US futures were flat; Dow Jones Futures went up just 5 points, to 7,999 and Nasdaq Futures was at 1235.25, up 0.75 points.
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