Posting gains for the third successive session, the key benchmark indices settled on a firm note today. Major support to the market came in from the metal and oil sector stocks. Buying was witnessed in mid-caps and small-caps, as reflected in the strong market breadth, a leading broker said. After sliding in early trade tracking weak Asian stocks, the market moved higher in the latter half of the trading session as buying intensified after Asian markets recovered. European markets, which opened after Indian markets, were trading in the green.
India's wholesale price index rose 4.07 per cent in the 12 months till February 2, marginally lower than the previous week's rise of 4.11 per cent, government data released today afternoon showed.
Meanwhile, the 30-share BSE Sensex rose 348.62 points or 1.96 per cent at 18115.25. Sensex rose 376.29 points at the day's high of 18142.92 towards the fag end of the session. Sensex lost 321.58 points to touch the day's low of 17445.05 in early trade.
The broader CNX S&P Nifty of NSE also crossed 5300 mark and closed at 5302.90 points, up by 100.90 points or 1.94 per cent from its last finish.
From the recent low of 16608.01 on February 12, Sensex has advanced 1493.22 points or 8.99 per cent in three trading sessions.
The BSE indices also were in limelight as the metal index advanced by 545.27 points and finished at 16167.16 points, followed by realty index which gained 353.72 points to close at 10497.27, oil and gas at 11269.09 points, bankex gained 270.33 points to close at 10884.42, SML CAP by 213.37 to close at 9621.13, PSU by 200.12 to 8551.72 and Mid-Cap index by 139.39 to close at 7,592.08 points.
BSE clocked a turnover of Rs 6372 crore as against Rs 5735.81 crore on earlier day.
Anil Dhirubhai Ambani Group firm Reliance Power rose by 3.90 per cent to Rs 384.50 on a volume of 1.09 crore shares. Reliance Industries rose by 3.15 per cent to Rs 2,594. The company has reportedly secured approval from the Supreme Court to build part of an underground pipeline from the Krishna Godavari Basin through a bird sanctuary.
ICICI Bank was up 2.64 per cent to Rs 1,193, followed by Hindalco Industries up 9.80 per cent to Rs 179.80, Bajaj Auto up 5.03 per cent to Rs 2,180, Tata Steel up 4.93 per cent to Rs 817, Ranbaxy Laboratories up 4.35 per cent to Rs 396.75 and State Bank of India up 4.17 per cent to Rs 2297.05.
Among the Sensex losers, Maruti Suzuki was down 1.92 per cent to Rs 814.50, Grasim Industries eased by 0.75 per cent to Rs 2,825 and TCS dropped by 0.36 per cent to Rs 871, brokers added.