Sensex zooms 316 points at close

From extreme fears, chaos to extreme optimism Mumbai has seen it all in less than 24 hours. When the general conseus was that the markets would see a sell off on the back of yesterday's serial blast it surprised everbody by closing in the positive terrain making significant gains.

The markets have displayed strength shrugging off the concerns and the momentum was provided by strong numbers declared by IT major Infosys, which were above the street expectations.

The Sensex started the day weak but closed with some hefty gains above the 10900 level.

The Sensex closed at 10,930.09 up 315.74 points and the Nifty closed at 3195.9 up 79.75 points.

However the BSE Midcap and SmallCap index closed with modest gains.

The BSE Small Cap Index closed at 5,283.15, up 24.49 points.

The BSE Midcap Index ended at 4,380.33, up 30.09 points.

About 1214 shares advanced, 1066 shares declined, and 78 shares were unchanged.

All the BSE sectoral indices closed in green and the rally was led by the IT index.

Markets Today

• Markets shrug off Mumbai blast; bounces back with fund buying
• Strong Infosys numbers & industrial output boost sentiments
• Sensex up 3% or 315.74 points at 10930.09
• Nifty up 2.56% or 79.75 points at 3195.90
• All BSE Sectoral Indices end in the green
• BSE IT INdex up 6.27%; Infosys up 7.5%, TCS up 7%
• BSE Oil & Gas Index up 2.83%; RIL up 4.77%
• BSE Metal, Capital Goods Indices up nearly 3% each
• CNX Midcap Index ends marginally higher; led by IT stocks
• Hexaware Tech up 6.85%, Polaris up 5.4%
• NSE Advance Decline ratio ends marginally in favor of advances
• Total Market Turnover at Rs 36681.04 cr Vs Rs 26007.47 cr

The BSE IT Index was up by 6.3% at 4,036.16 moved up. HCL Tech, Hexaware Tech, Infosys, TCS, Satyam.

The BSE Metal Index advanced by 2.9% at 8,479.54. Hindalco, Jindal Steel, Sterlite Ind and Hind Zinc witnessed buying interest.

The BSE Oil and Gas Index rose 2.8% at 5,407.05. Reliance, GAIL and ONGC advanced higher.

The BSE Capital Goods Index was up 2.64% at 7,108.00. L&T, Crompton Greave, Praj Industries, Gammon India and ABB closed higher.

The BSE FMCG Index was up 1.9% at 1,977.60. McDowell, Dabur India, HLL. Nirma and  Colgate closed in green.

The BSE Consumer Durables Index gained 1.08% at 2,806.68. Titan Industries and Whirlpool were up.

The BSE Auto Index added 0.95% at 4,663.15. Escorts, Maruti Udyog, Bharat Forge, Sundram and M&M closed in positive terrain.

The BSE Health Care Index was up by 0.41% at 3,156.90. Nicholas Pirama,  Aventis Pharma, Aurobindo Pharma, Lupin and Sun Pharma were among the major gainers.

The BSE Bankex was up 0.16% at 4,326.79. SBI, Andhra Bank,  UTI Bank, Kotak Mahindra and HDFC Bank.

The NSE cash turnover was at Rs 7434.1 crore and the NSE F&O turnover was at Rs 26125.44 crore. The BSE cash turnover was Rs 3121.5 crore. Total market wide turnover was at Rs 36681.04 crore.

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