Markets Ends on a High Note

The markets today closed on a thumping note as buying interest was witnessed across the board. All the sectoral indices closed in green. The main gainer for the day is the FMCG Index closing the day with a gain of more than three percentage points followed by the Realty, Auto and Metal indices gaining more than one percentage points. The Sensex closed the day in green gaining 311.35 points or 1.59 percentage points to close at 19,906.10.  Nifty ends the day at 5980.45 gaining 95.50 points or 1.62 percentage points. Market breadth was positive with 1,779 advances against 1,208 declines on BSE. On the global front, European stocks advanced, snapping a four-day loss for the Stoxx Europe 600 Index, amid optimism that the economy will avoid another recession as the region’s debt crisis eases. U.S. futures and Asian shares also rose. BP Plc rallied 1.2 percent after confirming that its Macondo well in the Gulf of Mexico has been permanently sealed. Rio Tinto Group led basic-resource stocks higher. Brit Insurance N.V. jumped 5 percent after Apollo Global Management teamed up with CVC Capital Partners Ltd. to make a sweetened offer for the company. SGS SA rose to a record after saying it plans to reach revenue of 8 billion Swiss francs ($7.9 billion) by 2014.