New Delhi: A day after Sebi enumerated its P-Note policy, the markets surged ahead to breach the 19,000 mark yet again strong global cues and healthy buying interest propelled the indices to new highs on Friday.
The Sensex shut shop at 19,243, up a whoppiong 472 points. Nifty closed at 5,702, up 133 points. Both Sensex and Nifty gained over 10 per cent this week.
The markets opened the new series on an absolutely robust note as the bulls took the markets to new highs. Sebi's decision on P-Notes seems to have gone well with the markets. Sensex saw thumping gains of 500 points and the broader markets also notched up significantly.
Cues from Asia were encouraging with most of the Asia ending in green. But Europe was trading flat to negative. Strength was coming in from all quarters and the breadth is looking very smart.
Heavy buying was seen in capital goods, metals, oil & gas and realty stocks. All the key BSE indices ended in green. Market breadth was positive and the volume was also impressive. On the macroeconomic front, inflation came in at 3.07% same as the previous week.
L&T's bockbuster numbers took the stock up over 12 per cent. Its net profit up 73 per cent at Rs 348 crore. SBI was up over 5 per cent, followed by BHEL and M&M up over 3 per cent. Reliance, Hindalco, GAIL, HDFC, Reliance Energy, Sterlite Ind, Siemens, ACC, ITC were among the other gainers.
Sensex ended up 472.28 points or 2.52 per cent at 19243.17 and the Nifty up 133.35 points or 2.39 per cent at 5702.30. About 1853 shares have advanced, 1128 shares declined, and 76 shares are unchanged.
The BSE Midcap Index ended at 7,920.66 up 2 per cent. The BSE Smallcap Index ended at 9,550.95 up 2 per cent. The BSE Bankex was up 3.5 per cent at 10,273.53. SBI, Axis Bank, Kotak Mahindra, Andhra Bank, Bank of India moved upwards. The BSE Capital Goods Index was up 7 per cent at 18,540.15. Lakshmi Machine, Gammon India, L&T, BEML, Crompton Greave closed higher.
The BSE Auto Index closed at 5,616.97 up 2 per cent. Ashok Leyland, Tube Investment, Bharat Forge, TVS Motor, Amtek Auto closed higher. The BSE Metal Index closed at 16,744.56 up 2 per cent. Jindal Steel, NALCO, SAIL, Sterlite Ind closed higher.
The BSE FMCG Index closed flat at 2,128.74. Nestle, GlaxoSmith Con, Dabur India, Tata Tea, P and G closed higher. BSE Oil and Gas Index closed at 11,103.46 up 3 per cent. Reliance Petro, Reliance, ONG, Essar Oil, GAIL ended higher. The BSE IT Index was at 4,635.58 up 1.2 per cent. Satyam, HCL Tech, I-Flex Solution, TCS closed higher.
The NSE cash turnover was at Rs 19942.05 crore and the NSE F&O turnover was at Rs 73836.74 crore. The BSE cash turnover was Rs 8985.63 crore. Total market wide turnover was at Rs 135762.78 crore.
(With inputs from www.moneycontrol.com)
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