Stock indices rallied yesterday as market sentiment improved in the wake of the Asian markets recovery. The BSE sensex gained 130.44 points to close at 3354.80 on selective buying by FIIs and domestic institutions and the Nifty 13.15 points to end at 976.60.
The sensex opened at 3288.78 and touched an intra-day high of 3364.37 before closing at 3354.80. The turnover was Rs 760.20 crore, with specified shares accounting for Rs 734.66 crore. The Nifty opened at 963.45 and touched an intra-day high of 978.05. The NSE turnover was Rs 1,193.95 crore.
The kind of selling by FIIs witnessed over the past week was absent yesterday. There were buy orders in key index stocks. The surge in other Asian markets triggered the recovery in India. Trading volumes continued to be low. We expect the trend in India to continue in tandem with movement in other Asian markets, said Ketan Jhaveri, head, equity sales at Kotak Securities.
Among the major gainers on NSE were Gujarat Ambuja (up 6.49%), Glaxo (up 4.13%),Hindalco (up 5.12%), HPCL (up 3.82%) and MTNL (up 3.16%).
