Markets Ends in Green

The market continued its strong rally of September, wherein the benchmark Bombay Stock Exchange index, the Sensex,  gained  12 per cent. The bulls seem to be in no mood to relent and gained 1.87 per cent to close at 20,445. After a gap up opening, market moved up steadily and as the day progressed it continued its march led by sustained buying activity across index heavyweights. While the BSE Sensex closed higher by around 376 points, the NSE Nifty gained around 113 points. Liquidity - backed by heavy FIIs remains the single major driver of this rally. Realty stocks today led the up move, followed by Metal, Capital Goods, IT and Autos. FMCG stocks, however, underperformed. The BSE Realty index surged 4 per cent to 3,877, and the Metal index soared 3.9 per cent to 17517. The Capital Goods, IT and auto indexes were up around 2.5 per cent each. The BSE Midcap and the BSE Smallcap also notched gains of around 1.6 per cent and 1.54 per cent respectively. As regards global markets, barring Hang Seng, Asian indices closed firm today while European indices have also opened in the green.