Mumbai, Jan 5: Sharp rally led buy fresh buying as well as short coverings in metals and oil&gas counters in the last hour of trade saw benchmarks end above crucial resistance levels. Buying was also seen in midcap and smallcap space.
Bombay Stock Exchange's (BSE) Sensex closed at 10292.54, up 334.32 points or 3.36 per cent. The index touched an intra-day high of 10306.17 and a low of 10069.11.
National Stock Exchange's (NSE) Nifty ended at 3128.60, up 81.85 points or 2.69 per cent. The broader index touched an intra-day high of 3131.95 and low of 3056.45.
Smallcap, midcap positive; Satyam, Bharti lose
Rally in benchmarks after the fiscal and monetary measures was limited as traders booked profits at crucial resistance levels. However midcap and smallcap stocks continued move outperform.
At 12.53 pm, National Stock Exchange's (NSE) Nifty was at 3068.15, up 21.4 points or 0.70 per cent. The broader index touched a high of 3095.20 and a low of 3056.45. It kissed 3100 mark in early trade but soon profit booking set in.
Bombay Stock Exchange's (BSE) Sensex was at 10087.31, up 129.09 points or 1.30 per cent. The index touched a high of 10168.25 and a low of 10069.11.
Markets positive; benchmarks rise
Slew of fiscal and monetary measures to boost growth had a positive impact on the markets on Monday. Buying was seen in interest rate sensitive and infrastructure stocks. However, the rise in the benchmarks was capped as traders were wary ahead of results of corporate earnings.
At 12 pm, Bombay Stock Exchange's (BSE) Sensex was at 10139.75, up 181.53 points or 1.82 per cent. The index touched a high of 10168.25 and low of 10069.11.
National Stock Exchange's (NSE) Nifty was at 3080.35, up 33.60 points or 1.10 per cent. The broader index hit an intra-day high of 3095.20 and a low of 3056.45.
RBI rate cuts: Markets open positive
Following heavy rate cuts by the Reserve Bank of India, Indian markets opened on a positive note on Monday, Jan 5.
Sensex, the benchmark index of Bombay Stock Exchange climed 135 points to 10,0093. While National Stock Exchange's nifty rose 29.74 points to 3076 from Friday, Jan 2's close.
OneIndia News (With inputs from Agencies)