The market closed the trading session on a strong positive note as BSE Sensex closed with handsome gains of 639.63 points to close at 19,058.67 while Nifty grew by 242.12 points to close at 5670.40. The Sensex touched the psychological mark of 19,095.75, which is its intraday high. The Sensex covers the journey of 18000-19000 in straight four trading session which is the fastest ever 1000 point rally. The market opened on a strong note and kept on moving northward directions throughout the trading session. This rally was backed by positive domestic cues like easing down of political concerns over the early election as PM hinted that the government will continue its full term as well as the good industrial production figures and easing down of inflation. The metal index remained in the limelight by making a one day gain of 1358 points on the expectations of good quarterly results for the month of September. Almost all the sectoral indices closed in green. Overall, the market breadth was weak as 1,899 stocks closed higher while 875 stocks closed lower. The BSE Mid Cap and Small Cap closed up by 187.37 points and 213.32 points at 7,716.91 and 9,311.97 respectively.
BSE Metal index closed with handsome gains of 1358.74 points at 16,200. Leading the rally are SAIL (15.41%),Sterlite (14.37%), Sesa Goa (13.16%), JSW steel (12.06%), Tata Steel (7.46%) and Nalco (5.03%) closed in green.
The capital goods index surged by 505.01 points to close at 17,119.70. Pushing it up are Punj Lloyd (11.15%), Seimens (7.94%), ABB (3.75%), Suzlon energy (3.72%) and BHEL (3.05%) closed in green.
BSE bankex index closed higher by 396.02 points at 9,706.81 as Axis bank (9.45%), Yes bank (6.13%), SBI (5.08%), ICICI bank (4.15%), HDFC bank (4.17%) and PNB (2.72%) closed in positive.
The Oil and Gas index closed with healthy gain of 476.86 points at 11,052.81 as ONGC (9.11%), GAIL India (8.65%), RPL (4.38%), Reliance industries (3.79%) and Cairn India (3.55%) closed higher.
BSE Metal index closed with handsome gains of 1358.74 points at 16,200. Leading the rally are SAIL (15.41%),Sterlite (14.37%), Sesa Goa (13.16%), JSW steel (12.06%), Tata Steel (7.46%) and Nalco (5.03%) closed in green.
The capital goods index surged by 505.01 points to close at 17,119.70. Pushing it up are Punj Lloyd (11.15%), Seimens (7.94%), ABB (3.75%), Suzlon energy (3.72%) and BHEL (3.05%) closed in green.
BSE bankex index closed higher by 396.02 points at 9,706.81 as Axis bank (9.45%), Yes bank (6.13%), SBI (5.08%), ICICI bank (4.15%), HDFC bank (4.17%) and PNB (2.72%) closed in positive.
The Oil and Gas index closed with healthy gain of 476.86 points at 11,052.81 as ONGC (9.11%), GAIL India (8.65%), RPL (4.38%), Reliance industries (3.79%) and Cairn India (3.55%) closed higher.
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