Markets end the day in positive.

Today was a day, the likes of which investors would like to see again and again. At one point in the day, the markets were up by 594 points from yesterday’s closing. The move of the central banks to provide loans to the debt-ridden European banks was cheered by the markets.

Earlier, the Asian markets traded significantly up for the whole day. The Hang Seng surged by 5.63%, as the Chinese government reduced the reserve requirement ratios.

However, the European markets are not reflecting such a cheerful mood in trades. While the FTSE is trading in the green, CAC and DAX are trading in the red zone.

On the domestic front, except for the Healthcare index, all the other sectoral indices gained in this bull run. Metals remained top gainers for the whole day, moving 3.98% up by the end of the day. Bankex and Realty were both up by over 3%. The BSE Small-Cap, Mid-Cap and IPO indices also gained today.

On the other hand, the Healthcare index, which remained subdued for the whole day, ended its run in the negative.

Among the individual stocks, Firstobject Technologies touched the upper circuit. Premier Explosives also gained over 19%. Valecha Engineering, which has started toll collection from its BOT project well in advance, managed to gain 15.8%.

Among other stocks, ABB has won an order worth Rs 175 cr from the Powergrid Corporation for the supply of equipment. J. Kumar Infra has received work orders worth about Rs 520 cr for the construction of buildings in Rajasthan. Ashoka Buildcon has emerged as  a successful bidder for a Rs 1123.69 cr National Highways Authority of India project in Orissa. MARG has signed an MoU with the Govt. of Karnataka for agriculture and rural infrastructure projects worth Rs 4000 cr in 5-7 years. All these stocks ended up in the green.

The overall market breadth remained extremely positive today. Out of a total of 3250 stocks traded on the BSE, 1946 advanced, 1182 declined and 122 remained unchanged.