Bulls Charge, Sensex Crosses 20K

Suparna / 10 Sep 2013

 Bulls Charge, Sensex Crosses 20K

The Indian markets saw an unexpected rally today, with Auto, Capital Goods and FMGC leading the day. The Nifty ended higher by 216 points at 5896 and Sensex was up by 216 points at 19997.

The Indian markets saw an unexpected rally today, with Auto, Capital Goods and FMGC leading the day. The Nifty ended higher by 216 points at 5896 and Sensex was up by 216 points at 19997. Both the indices ended higher by around 3.80%.

The market breadth remained positive till closing hour, with 1963 advances and 1361 declines on the NSE.

Top 5 Nifty Gainers: Tata Motors was the top gainer for today’s session, closing higher by 10.1%. Among the other gainers were Ambuja Cements, Bharti Airtel, JP Associates and Hero MotoCorp.

Top 5 Nifty Losers: Bank of Baroda ended lower by 1.2% today, followed by Cairn India, NMDC, IndusInd Bank and Dr Reddy’s Labs.

Auto gained a total of 623 points for the day, Capital Goods was up by 409 points, FMCG was 344 points higher and Bankex moved 251 points up. Mid-Caps and Small-Caps also saw positive trades, both higher by 65 points in the closing session.

In Asia, the Hang Seng was the top gainer and saw an appreciation of 226 points and Nikkei ended higher by 218 points. KOSPI and Taiwan Weighted closed with a nominal positive bias.

Buzzers: Ambuja Cements surged as the government approved the Land Acquisition Bill today. The scrip rose by 8.1% and closed above the technical level of Rs 180. If it holds these gains, it may reach a level of upto Rs 200 in the next few trading sessions.

Nifty Futures saw a handsome up-move and closed above 5900, indicating more strength ahead.

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