|Chennai||Rs. 25020.00 (-0.32%)|
|Mumbai||Rs. 26110.00 (0.19%)|
|Delhi||Rs. 25850.00 (0%)|
|Kolkata||Rs. 25720.00 (-0.66%)|
|Kerala||Rs. 24850.00 (-0.6%)|
|Bangalore||Rs. 25200.00 (0%)|
|Hyderabad||Rs. 25020.00 (-0.2%)|
It was a bright session for stocks on the Indian bourses on Monday with investors indulging in some hectic buying right through the day, tracking a firm trend in global markets amid rising expectations that global central banks will soon resort to some significant monetary easing to revive the sagging economies.
Investors, although a section of them felt otherwise, were seen betting on hopes of a rate cut from the Reserve Bank of India, which will unveil its quarterly monetary policy review on Tuesday.
The BSE benchmark Sensex ended with a big gain of 304.49 points or 1.81% at 17,143.68, slightly off the day's high of 17,163.95. The broader 50-stock Nifty index of the National Stock Exchange closed with a gain of 99.95 points or 1.96% at 5199.80, a few points off the day's high of 5206.60.
Mirroring strong buying in midcap and smallcap segments, the BSE Midcap and Smallcap indices surged 1.56% and 1.35%, respectively.
Shares from interest rate sensitive banking, automobile and realty sectors had a good outing. Good results from top notch PSU banks too aided sentiment to a notable extent.
Several stocks from metal, power, PSU, healthcare and information technology sectors also moved up sharply. Oil and FMCG stocks were a bit subdued early on, but gained in strength as the mood turned quite bullish as the session progressed.
Larsen & Toubro, GAIL India, Sterlite Industries, NTPC, Infosys and Tata Steel gained 2.7% - 3.5%. Mahindra & Mahindra, Sun Pharmaceutical Industries, Jindal Steel and Cipla moved up by 2% - 2.5%. Bajaj Auto, Hero Motocorp, Maruti Suzuki, ITC, Reliance Industries, HDFC, Hindalco, Coal India and Bharti Airtel also ended on a firm note.
Reliance Infrastructure, the top gainer in the Nifty index, moved up by over 5.5%. Jaiprakash Associates and Cairn India gained 5.3% and 5.2%, respectively and IDFC ended higher by around 4.5%. DLF and Axis Bank ended more than 4% up.
Bank of Baroda gained 3.7% on strong results. SAIL, Siemens, BPCL, Power Grid Corporation, Sesa Goa, Ranbaxy Laboratories, Punjab National Bank and Grasim Industries gained 2.2% - 3.5%. Asian Paints and Kotak Bank also posted impressive gains.
The market breadth was fairly strong. Out of 2878 stocks traded on BSE, 1616 stocks moved up. 1143 stocks declined and 119 stocks ended flat.