MUMBAI: Stocks rallied Wednesday buoyed by strong cues from overseas markets. Also, with the derivatives series expiry for May due Thursday,
traders covered short positions. Realty, banking and power stocks were in the limelight.
Bombay Stock Exchange’s Sensex settled at provisional 14,095.97, higher by 506.74 points or 3.73 per cent. The index touched a high of 14,122.78 after opening at 13,780.41. National Stock Exchange’s Nifty was up 3.83 per cent or 157.9 points at 4274.60.
The index surged to a high of 4286.45 so far. Secondline stocks witnessed good amount of buying activity as well. BSE Midcap Index was up 3.72 per cent and BSE Smallcap Index rose 3.74 per cent. All sectoral indices ended in the positive terrain, posting decent gains. Biggest Sensex gainers were Reliance Infrastructure (14.79%), Sterlite Industries (9.65%), DLF (8.65%), ONGC (7.65%) and Grasim Industries (6.91%). ACC (-0.59%) and Bharti Airtel (-0.18%) were the only losers in the 30-share index. Market breadth was extremely strong on BSE with 2338 advances against 465 declines. (All figures are provisional)
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