Mumbai, May 27: Markets displayed a spectacular session on Wednesday, May 27 led by positive cues from US and the Asian markets.
The 30-share Sensex closed 520.41 points or 3.83 pc higher at 14,109.64, after hitting an intraday high of 14,122.78. The 50-share NSE Nifty surged 3.87 pc or 159.35 points, to settle at 4,276.05; it touched a high of 4286.45. Both indices recouped all Tuesday's losses.
All sectoral indices ended in the green. The BSE Realty, Bank, Power, Metal and Capital Goods indices were up 4-6 pc. Oil & Gas, IT, TECk, Auto and Healthcare indices rose 2-3.5 pc.
A steep rice was seen in realty, banking, metal, infrastructure and technology stocks. Sensex posted 500 points rally and the Nifty surpassed 4250 level as a result of resurgence in the US markets and the announcement of UPA's second list of Cabinet ministers.
Benchmarks, broader indices surge
The 50-share NSE Nifty was trading at 4,220, up 103 points and the 30-share Sensex surged 369 points, to 13,958, at 14:34 hours IST. Among the broader indices, the BSE Midcap and Smallcap indices gained over 2.5 pc each.
Though the markets are trading high, some selling pressure was seen at higher level. The Nifty futures saw a rollover of 47 pc and added 32 lakh shares in open interest. The Nifty June Futures were trading with 11 points premium.
Markets witness relentless buying
The Sensex was trading at 13,923, up 334 points and the Nifty rose 96 points, to 4,212, at 12:13 hours IST. The broader indices - the BSE Midcap and the Smallcap indices went up over 2.6 pc. Markets are witnessing relentless buying in oil & gas, financials, capital goods, power (barring NTPC), realty and metal stocks at 12:13 hrs IST.
While NSE Nifty was trading above the 4200 level, Sensex tested the 14,000 mark in the morning trade. Asian markets were also positive.
NTPC, Bharti, ITC, Tata Communication, HUL, ACC and Cipla were under pressure.
Markets open green; Nifty tests 4k
Indian benchmark indices made up Tuesday, May 26's losses in the early trade on the back of positive global cues. At 9:56 am, the Sensex was up 310 points, to 13,903 and the Nifty rose 87 points, to 4,204. Among the broader indices, the CNX Midcap Index went up 3 pc, to 5,192 and the BSE Smallcap Index gained 3 pc at 5,787.
US markets also rallied on biggest gains in consumer confidence index. Good buying was seen in real estate, banking, metal, capital goods and power stocks. Major gainers of the early trade are ICICI Bank, Unitech, Reliance Communication, DLF, Sterlite, Reliance Capital, Power Grid, Reliance Infrastructure, Tata Steel, Tata Motors, Axis Bank, L&T, Cairn, HDFC and SBI