Mumbai, Nov 4: The Sensex rallied over 500 points while the Nifty jumped nearly 150 points to close above the 4,700 mark.
The Sensex closed at 15,928, up 523 points and the Nifty was at 4,716, up 152 points, as per provisional data. The broader indices were up 2.4-4 pc.
Heavyweight Reliance Industries surged 5.5 pc. All the sectoral indices ended in the green.
The BSE Realty Index outperformed other indices, jumped over 10 pc. Metal Index rose 5.5 pc. IT, Oil & Gas, Bank, Auto, Healthcare, FMCG and Power indices gained 2-4 pc.
Sensex trading higher; Nifty up by 105 pts
At 01:16 pm, consistent buying in technology, realty, FMCG, oil & gas exploration, private banking and metal stocks helped the Sensex to extend gain.
The Sensex was trading at 15,781, up 376 points and the Nifty was at 4,669, up 105 points. The benchmark indices were underperforming the broader indices, which were up just 1-2 pc.
Reliance Industries, Infosys, ICICI Bank and DLF gained 4-6 pc. Jaiprakash Associates, Unitech, Hindalco, Ranbaxy Labs, Tata Steel and Sterlite Industries were up 4-7 pc.
Asian markets moved up further. Hang Seng, Kospi and Taiwan Weighted were up 2 pc each. Jakarta rose 1 pc and Straits Times gained 0.9 pc. Shanghai and Nikkei were up over 0.4 pc.
Mkts continue positive; realty, banks gain
At 10:58 am, the Sensex strengthened further. Positive Asian markets were supportive while buying in technology, banking, realty, FMCG, oil & gas exploration, cement and select auto stocks was helping as well.
The Sensex rose 287 points to 15,692 and the Nifty gained 82 points at 4,646. Among the broader indices, the BSE Midcap Index rose 1.6 pc and the Smallcap Index up 0.7 pc, as about 750 shares advanced while 429 shares declined on the NSE.
In the midcap space, Indiabulls Real, Amtek Auto, United Breweries, HDIL and Torrent Power surged 5.5-7.5 pc while KGN Industries, Hindustan Oil Exploration, Andrew Yule, Maharashtra Seamless and Spice Communication fell 2.5-4.5 pc.
In the smallcap space, Agro Tech Foods, SREI Infra, Indiabulls Securities, Bliss GVS and Bilcare went up 6-8 pc while Shree Ram Urban, Webel SL Energy, Prime Securities, Gayatri Project and Panacea Biotec declined 5-10 pc
Mkts open positive; Sensex up by 169 pts
The Sensex bounced back after six days of losses on the back of positive Asian cues. Buying was seen in high beta stocks. Telecom, realty, banking, select metal and technology stocks were the gainers in the early trade.
At 9:56 am, the Sensex rose 169 points to 15,574 and the Nifty went up 51 points ot 4,614. The CNX Midcap gained 105 points at 6,490. About 666 shares advanced while 148 shares declined on the NSE.
Among the frontliners, Hindalco, Unitech, Suzlon Energy, Jaiprakash Associates, Sterlite, DLF, ICICI Bank, Axis Bank, IDFC, Reliance Industries, M&M, Bharti Airtel, Idea, Reliance Communications, HCL Technologies and Infosys were the gainers.
However, selling in Hero Honda, ABB (on disappointing quarterly numbers), Tata Power, ITC, HUL, GAIL and Siemens capped the gains to some extent.
Asian markets were trading higher. Hang Seng rose 1.77 pc and Taiwan Weighted gained 1.6 pc. Shanghai, Straits Times, Kospi and Jakarta went up 0.6-0.8 pc. Nikkei was flat. SGX Nifty rose over 1 pc.