Mumbai: Shrugging off concerns of margin calls and the weakness in Asian markets, the markets closed in the positive terrain, after falling for three cosecutive days.
The BSE Sensex made hefty gains of 341 points and the NSE Nifty was up 124 points.
The Sensex closed at 10,823 up 341 points and the NSE Nifty closed at 3199 up 118 points.
The BSE midcap closed at 5,103.05 up 2.98 per cent.
The BSE smallcap closed at 6,336.03 up 2.28 per cent.
Grasim, Tata Power, Tata Steel, Wipro, NTPC, Bharti Tele, SAIL, Zee and Tata Chemicals were among the major gainers.
All the BSE indices closed in green. Metal and the consumer good stocks witnessed heavy buying at the bourses.
The BSE metal index was up 7.4 per cent to close at 8,683.33. SAIL, Jindal Stainless, Sterlite Ind, Tata Steel, Nalco and Hindalco closed in green.
The capital goods index climbed 4.1 per cent to close at 7,633.87. Siemens, Alstom Projects, ABB, Carborundum, HEG and Bharat Elec were among the gainers.
The oil & gas index advanced was up 4 per cent at 5,272.82. MRPL, BPCL, Kochi Refin, Petronet LNG, and HPCL closed in green.
The IT index jumped 3 per cent to close at 3,674.15. Technology stocks like Wipro, HCL Tech, Infosys, TCS and MphasiS BFL surged on the bourses.
The consumer durables index moved up 5 per cent to close at 2,969.72. Stocks like Blue Star, Whirlpool, Su-Raj Diamonds, Titan Industries and Samtel Color witnessed buying interest.
The FMCG index rose 2.4 per cent at 1,985.46. P&G, Nirma, Tata Tea, ITC, and Britannia closed higher.
The health care index soared 2.7 per cent to close at 3,487.20. Nicholas Piramal, Divis Labs, Orchid Chemical, Matrix Lab, FDC and GlaxoSmithKline gained.
The bankex was up 2.4 per cent to close at 5,000.67. Banking stocks like IOB, Canara Bank, Andhra Bank, Bank of India, Union Bank and Allahabad Bank rose.
The auto index rose 2.6 per cent to close at 4,978.41. Punj Tractors, Hind Motors, Escorts, MICO, Ashok Leyland and Amtek Auto moved up.
The NSE cash turnover stood at Rs 8,004.56 crore and the NSE F&O was Rs 33,572.84 crore. The BSE cash turnover was Rs 3,809.67 crore. The total market turnover stood at Rs 45,387.07 crore as compared with Rs 44,271.35 crore a day ago
Finance minister P Chidambaram spoke exclusively to CNN-IBN a day after the stock market crash.
He said that all steps are being taken to restore calm in the market, and provide money to traders who are not able to meet their margin requirement.
He assured retail investors that the markets would soon stabilize.
Chidambaram also said that all efforts are on to curb the volatility in the markets.
Comments
0 comment