The suspension of trading resulted in a loss of over 50 per cent in total turnover on the leading exchange during the day vis-a-vis volumes registered during the previous session on Friday.
Trading was halted from 12 pm to 2.30 pm on the BSE due a technical snag. The key benchmark indices started the month on a buoyant note mustering strong gains as the latest data showing a surge in the manufacturing activity in October 2010, good Q2 results and firm global stocks boosted investor sentiments.
The BSE Sensex jumped 323.29 points or 1.51 per cent to close at 20356 while the NSE Nifty rose 99 points to close at 6118. The technical snag on BSE led to a decline in the turnover for the day to Rs 2,022 crore from Rs 5,018.07 on the previous session.
However, trading continued on NSE as usual during that period. Banking stocks were on a roll with sector heavyweight ICICI striking a 52-week high near the Rs 1,250 mark on decent Q2 results.
Index heavyweight Reliance Industries (RIL) dipped in the red after a firm start triggered by good quarterly results. Hero Honda Motors and Maruti Suzuki India declined as their earnings missed market expectations.
Foreign funds have made heavy purchases of Indian stocks this year, with net equity inflows in the current calendar period now stands at a record $25.01 billion, above last year’s $17.45 billion.
The manufacturing sector report said input prices for manufacturers increased substantially in October 2010 and at their fastest pace in five months, while output prices rose modestly.