Buying in metal, power, telecom, technology, oil & gas (except ONGC), banking, realty and Cement stocks pushed Indian markets higher leading the BSE Sensex touch an intraday high of 9,021.97, before closing the day at 9,004.08, up 329.73 points or 3.8 per cent. The 50-share NSE Nifty gained 92.80 points, to settle at 2771.35, up 3.46 per cent over previous close.
RBI's decision to retain all key interest rates did not have much impacts on the markets. RBI has left all key rates unchanged, the repo, the reverse repo and the CRR are held at current levels. The bank rate too is left static. The Apex bank also predicted that the inflation will come down to 3 per cent from the earlier target of below 7 per cent.
The metal, banking, power, telecom, technology, auto and oil and gas stocks other than ONGC pushed the Sensex to test 9000 mark while the Nifty is marching towards 2800 level. The Sensex surged 329 points to 9,003 and the Nifty gained 95 points at 2,773, at 2:33 hours IST. BSE Midcap and Small cap indices are trading marginally higher.
BSE Metal, Power, Teck, IT and Oil & Gas indices gained 3-6 per cent. Realty and Bankex rose over 2 per cent.
Sensex, Nifty gains; RIL, Airtel leads
At 10.42 am Sensex rose up tp 200 points to 8,874, Meanwhile Nifty gained 57 points to 2,735. The BSE Midcap and Small Cap indices also gained 0.3-0.7 per cent. The leading players are Reliance Industries, Bharti Airtel, NTPC, SBI, BHEL, Infosys, TCS, SAIL, Sterlite Inds, HDFC Bank, Wipro, ICICI Bank and Tata Steel.
But Reliance Communication, M&M, Ranbaxy Labs, GAIL, ONGC, L&T are under pressure.
Indian Markets open green
Mumbai, Jan 27: Indian markets' benchmark indices have bounced back after a negative close on Friday, Jan 23. At 9.56 am Bombay Stock Exchange's Sensex went up 138 points to 8,812 and the National Stock Exchange's Nifty rose to 42 points to 2,720.
Buying is seen in banking, realty, telecom, metal and power stocks. Satyam Computers are the key gainers in the opening trade. It shot up to 22 per cent while L&T lost 4.5 per cent as L&T hiked stakes in Satyam from 4.48 per cent to 12.04 per cent.
Other than Nikkei all other Asian markets are shut on Tuesday, Jan 27 due to Lunar New Year.
OneIndia News (With inputs from Agencies)