Mumbai, Nov 14: The Bombay Stock Exchange (BSE) sensitive index today notched a record single day gain of 893.58 points to close at 19,929.06 on strong Global cues and sustained buying by foreign Institutional Investors (FII'S) and domestic investors.
The benchmark Sensex opened with a gain of about 300 points at 19,336.96 as compared to previous close of 19,035.48 amid solid gains by most of the sartorial indices during the early session. It hit a day's high, nearing 20K at 19,987.71, gaining over 600 points from its opening level during the day's trade.
Similarly, the broader based National Stock Exchange (NSE) index Nifty soared by 242.50 points, or a gain of 4.26 per cent, to close at 5937.90 as compared to its previous close of 5,695.40. Nifty opened with marginal gain at 5,703.95 during early trade. It touched a day's high of 5,950.20 and a low of 5,700.05 during the day trade.
The market today witnessed strong movements on reports that US credit crisis had eased after financial institutions in US reassured investors they could withstand shocks from credit-related losses, brokers opined.
Banking, oil&gas, IT and metal stocks were the star performers.
Essar Oil surged, while Fertiliser stocks were in demand. Asian and European markets traded firm.
The market breadth was strong and all the 30 Sensex stocks traded in green. BSE clocked a turnover of Rs 8796 crore. The BSE Mid-Cap index was up 2.12 pc to 8,285.63 and the BSE Small-Cap index was up 2.43 pc to 10,039.38.
On the BSE Sectorial index, Bankex and the Oil&Gas indices soared by 6.53 and 6.40 per cent respectively. IT index recovered today, gaining 4.5 pc and Metal index was up by 4 pc. HDFC Bank zoomed by nearly 11 pc to 1,749, while ICICI Bank soared by about 9 pc to Rs 1,278. Reliance, Hindalco and Wipro surged by around 7 pc each to join the gainers.
Essar Oil surged 58 pc to Rs 139.90 on huge volumes of 1.88 crore shares on BSE.
Fertiliser stocks soared on reports that the government will issue bonds worth Rs 7500 crore to fertiliser firms by the end of this month. Rashtriya Chemicals and Fertilisers soared by 20 pc to Rs 72.10.