Rain, global cues boost bourses

Sensex surges past 16k level, Nifty crosses 4,750 mark to reach 15-month high

 
That apart, both the Sensex and Nifty struck their highest level in more than 15 months, even as global stocks surged after the G20 leaders pledged to maintain stimulus measures. The broader indices too outperformed the key indices, up close to 2.8 per cent.

The market breadth was strong, yet volumes were on lower side as compared to previous session. Realty, banking and metal stocks were at the forefront of the rally, while BSE FMCG index was the lone loser among the sectoral indices on BSE.

The popular Sensex at BSE was up 327.20 points or 2.09 per cent to 16,016.32 points at the closing. The bellwether index opened 104.15 points higher at 15,793.27, which was also its day’s low and gained 346.38 points at the day’s high of 16,035.50 in late trade, which is its 15-months highest level (since June 2, 2008)

The S&P CNX Nifty at NSE rose 102.50 points or 2.19 per cent to settle at 4,782.90 points in the day’s closing. It struck an intra-day high of 4790, which is also its highest level since June 2, 2008.

Broader indices wise, BSE Mid-cap index went up 2.39 per cent and BSE Small-cap by 2.83 per cent.  Both indices have outperformed the Sensex. In all, the total traded turnover at both bourses stood at Rs 80,930 crore as against Rs 91,761.86 crore on Friday last.  Of this, Rs 57,490.85 crore from the NSE futures & options segment, while the NSE cash segment accounted for Rs 17,385.08 crore and the balance of Rs 6054.98 crore from the BSE cash segment.

The market breadth, indicating the overall health of the market, was strong with as many as 2,283 shares on BSE advanced as compared with 594 stocks that declined and a total of 285 shares remained static. Among the Sensex pack, 28 advanced while only 2 of them declined.

Global bourses

As far as bourses abroad during the day, European markets extended early gains led by financial shares with key benchmark indices in UK, Germany and France were up by between 1.34 and 2.55 per cent.

Asian markets were trading firm as key indices in Singapore, South Korea, Japan, China, Hong Kong, and Taiwan rose by between 0.79 and 1.53 per cent. In effect, domestic indices had outperformed their Asian counterparts this day.

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