Market shot up 14000 after 500 pts gain today…
- Benchmark index rebounded on Wednesday as most of the global markets shot higher after US consumer confidence jumped to its highest level since September. The Sensex finished at 14,150, after trading between 14,122 and 13,848. The Nifty rose 3.8 per cent to close at 4,276.
- On the BSE, the market breadth was positive with gainer outnumbering losers by 2347 to 458 while 36 stocks remained unchanged.
- All sectoral indices on the BSE ended in the positive terrain. Realty, banking, power and metal stocks led the gains today. The BSE realty index jumped 6 per cent on heavy buying in Ansal API, DLF and Sobha Developers. The stocks rose over 6.8 per cent each.
- The BSE banking index rose 5.4 per cent and the BSE power index gained 4.9 per cent. In the banking space, IDBI, Axis Bank, ICICI Bank and SBI were the prominent gainers.
- In the Sensex pack, 27 stocks rose while 3 counters ended lower. Reliance Infra led the gainers. The stock zoomed 14.7 per cent to Rs 1,288. Sterlite Indutries, ONGC and DLF were the other main gainers, up more than 8.4 per cent each.
- In the broader markets, the BSE smallcap index surged 3.4 per cent and the CNX midcap index gained 3.2 per cent.
- World stock markets shot higher on Wednesday after a report showing Americans more optimistic about their economy strengthened hopes that the global recession would soon abate.
- Japan’s benchmark Nikkei 225 stock average rose 127.96 points, or 1.4 percent, to 9,438.77 as the country’s export slump eased in April, adding to growing evidence that the recession is loosening its grip on the world’s second-biggest economy.
- Hong Kong’s Hang Seng surged 893.71, or 5.3 percent, to 17,885.27. Shanghai’s index added 1.7 percent, Australia’s benchmark was up 0.3 percent, Taiwan’s stock measure gained 3.1 percent, and Singapore’s index added 2.8 percent.
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