The Indian bourses started on a flat note at 16,229 but soon rallied tracking positive global cues.
The US markets ended in the green. The Dow Jones closed at 10,268, stronger by 169 points or 1.6%, Nasdaq ended at 2214, higher by 30 points or 1.4% and S&P shut at 1094, up 19 points or 1.8%. The Asian markets, which opened after a break, also rallied smartly today. The Bank of Japan is to start a two-day policy meeting today at which the central bank is expected to keep interest rates very low and hold off on any new initiatives, as it expects Japan to avoid another recession. The Hang Seng surged 265 points to 20,534 and the Nikkei jumped 272 points to 10,306.
Buying in the metal sector helped the index soar to a high of 16,481, up 254 points from the previous close. The Sensex eventually ended firm at 16,429, up 203 points.
The NSE Nifty shut shop at 4,914, up 58 points.
The market breadth was positive, out of 2,910 shares traded, 1,697 advanced and 1,120 declined on the BSE.
Among the sectoral indices, consumer durables and metal indices advanced 3% each while the realty and the IT stocks ended in the red.
INDEX MOVERS...
Tata Steel soared 6% to Rs 585 and Hindalco advanced 5% to Rs 153, respectively.
Sterlite and HDFC Bank increased 3% each to Rs 788 and Rs 1,654, respectively. Bharti Airtel, Reliance Communications, Larsen & Toubro, Jaiprakash Associates, Maruti, Tata Power, SBI and Hindustan Unilever increased 1.5-2.5% each.
...AND THE LOSERS
DLF and Infosys declined 1% each to Rs 306 and Rs 2,519, respectively.
VALUE & VOLUME TOPPERS
Tata Steel topped the value chart on the BSE with a turnover of Rs 194.83 crore. It was followed by Reliance (Rs 92.25 crore), Aban Offshore (Rs 86.60 crore), Bharti Airtel (Rs 80.34 crore) and DLF (Rs 66.86 crore).
Cals Refineries led the volume chart on the BSE with trades of 25.29 million shares. It was followed by Ruchi Soya (13.43 million), Satyam Computers (7.89 million), Himachal Future (6.66 million) and K Sera Sera (5.42 million).
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