Gains in global stocks boosted sentiment on the domestic bourses, with the barometer index, the S&P BSE Sensex, and the 50-unit Nifty 50 index extending gains in afternoon trade. At 13:20 IST, the Sensex was up 226.67 points or 0.94% at 24,449.99. The gains for Nifty index were higher in percentage terms than those for the Sensex. The Nifty was currently up 78.65 points or 1.07% at 7,440.45. The Sensex jumped 290.69 points or 1.2% at the day's high of 24,514.01 in afternoon trade, its highest level since 2 February 2016. The barometer index rose 55.89 points or 0.23% at the day's low of 24,279.21 in morning trade. The Nifty rose 95.25 points or 1.29% at the day's high of 7,457.05 in afternoon trade, its highest level since 2 February 2016. The index rose 20.75 points or 0.28% at the day's low of 7,382.55 in morning trade.
The market breadth indicating the overall health of the market was strong. On BSE, 1,450 shares rose and 921 shares fell. A total of 113 shares were unchanged. The BSE Mid-Cap index was currently up 0.92%. The BSE Small-Cap index was currently up 0.6%. Both these indices underperformed the Sensex.
In overseas stock markets, Asian stocks edged higher as weaker-than-expected US service-sector data pushed the US dollar to its lowest level against a basket of currencies in three months, sparking gains for commodities. US stocks staged a late-day rally yesterday, 3 February 2016, as sharp rebound in oil prices lifted beaten-down energy shares and financials rebounded from initial sharp slide.
Realty stocks rose. DLF (up 1.82%), D B Realty (up 0.31%), Sobha (up 0.52%), Indiabulls Real Estate (up 1.17%), Unitech (up 0.4%), NBCC (up 1.34%), Godrej Properties (up 3.56%), Housing Development & Infrastructure (HDIL) (up 1.46%), and Oberoi Realty (up 1.19%) edged higher.
Auto stocks gained. Mahindra & Mahindra (M&M) (up 0.24%), Ashok Leyland (up 2.13%), Maruti Suzuki India (up 0.89%), Eicher Motors (up 1.65%), and Hero MotoCorp (up 0.82%) gained.
Bajaj Auto gained 0.19% ahead of its Q3 results today, 4 February 2016.
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