Key benchmark indices on Tuesday edged higher as upmove in global stocks boosted sentiment as the popular Sensex at BSE settled at highest closing level in more than 30 months on the back of earnings-related buying in consumer durables, FMCG and banking shares, amid firm global cues.
The BSE Sensex, which gained 308 points in past 4 sessions, advanced by 143.01 points or 0.71 per cent to settle at 20,302.13 in the day's closing, a level last seen on January 5, 2011, with 21 stocks gaining in the 30-share bluechip index. So much so, investors gained by Rs 40,000 crore this day as market capitalisation standing at Rs 66.32 lakh crore as around 1,150 stocks gained on the BSE on good buying.
At the same time, the 50-unit CNX Nifty at NSE too attained its highest closing level in more than 7-1/2 weeks, surged by 46 points or 0.76 per cent to settle at 6,077.80 points.
The market breadth was almost even as bank stocks edged higher. So was realty stocks which also gained. Sectorally, the BSE consumer durable sector index gained the most - 3.85 per cent - to 6,570.53, followed by BSE FMCG index by 1.53 per cent to 7,548.43, BSE Realty by 1.42 per cent to 1448.57 and BSE Bankex by 1.29 per cent to 163.47.
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