... Sensex registers Second Biggest Gain in Its History
The pull-back in Indian equities strengthened on Tuesday, with the Sensex registering its second biggest gain in absolute terms in a day, breaching some important psychological levels.
Sensex has breached 16,000 mark while the Nifty closed above 4850 levels. Both, Sensex and Nifty were up 6% each. Heavy buying was seen in scrips across sectors, Realty, banks and IT stocks were amongst the major gainers.
Bombay Stock Exchange’s Sensex closed 959 points or 6.27 per cent higher at 16,248.10. The index rose to a high of 16,255.03 intraday. National Stock Exchange’s Nifty finished, 285 points or 6.17 per cent higher at 4894.30, near its intraday high of 4896.80.
The broader markets also followed the suit, the midcap index closed with a bump of 6.7% at 6,198.65 and BSE Small cap Index ended 5.28 per cent up at 7,317.34.
The cues from global peers were encouraging as most of the Asian markets ended in green, as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Jaiprakash Associates (up 17.47%), DLF (14.86%), Reliance Energy (12.09%), HDFC (9.9%) and Wipro (9.59%) were the biggest index gainers.
The pull-back in Indian equities strengthened on Tuesday, with the Sensex registering its second biggest gain in absolute terms in a day, breaching some important psychological levels.
Sensex has breached 16,000 mark while the Nifty closed above 4850 levels. Both, Sensex and Nifty were up 6% each. Heavy buying was seen in scrips across sectors, Realty, banks and IT stocks were amongst the major gainers.
Bombay Stock Exchange’s Sensex closed 959 points or 6.27 per cent higher at 16,248.10. The index rose to a high of 16,255.03 intraday. National Stock Exchange’s Nifty finished, 285 points or 6.17 per cent higher at 4894.30, near its intraday high of 4896.80.
The broader markets also followed the suit, the midcap index closed with a bump of 6.7% at 6,198.65 and BSE Small cap Index ended 5.28 per cent up at 7,317.34.
The cues from global peers were encouraging as most of the Asian markets ended in green, as US market picked up another triple-digit gain yesterday with the Dow gaining 187 points.
Jaiprakash Associates (up 17.47%), DLF (14.86%), Reliance Energy (12.09%), HDFC (9.9%) and Wipro (9.59%) were the biggest index gainers.
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