After a steady start, the markets rallied towards the end owing to positive cues from the European markets. Earlier in the day, Sensex opened with notable gains, but exhibited lacklustre movement for most of the day. Markets elsewhere in Asia were mostly flat, with the Hang Seng gaining 36 points, and the Nikkei declining 43 points. The Sensex touched a high of 17,795, and finally ended with a gain of 200 points (1%) at 17,774.
The Nifty ended at 5,334 - up 64 points.
The BSE consumer durables index jumped almost 3% to 4,736. Oil & gas index continued Friday's rally and gained 2.2% at 10,846. The government on Friday had hiked fuel prices.
Realty, power and PSU index were also up. However, the FMCG index dropped 0.6% to 3,184.
Reliance contributed the most to the market's sudden upmove. The stock jumped 2.3% to Rs 1,088.
Reliance Communications was the star of the show and surged 4.6% to RS 201. Reliance Infrastructure added 4% to Rs 1,215.
ONGC gained 3% at Rs 1,304. Tata Motors, Tata Power and Tata Steel added over 2% each.
DLF and Jaiparaksh Associates advanced 1.7% each to Rs 292 and Rs 132, respectively. Larsen & Toubro was up 1.6% at Rs 1,790.
Hindalco, NTPC, ICICI Bank and Mahindra & Mahindra were up as well. Other gainers included BHEL, Wipro, Sterlite and Bharti Airtel.
However, ITC dropped 1.5% to Rs 297.
BSE market breadth was positive through the day. Out of 2,985 stocks traded, 1,761 advanced while 1,081 declined.
VALUE TOPPERS...
HPCL topped the value chart with a turnover of Rs 248.54 cr, followed by BPCL (Rs 186.85 cr), IOC (Rs 172.21 cr), Reliance Communications (Rs 136.89 cr) and Reliance (Rs 133.20 cr).
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