<p>All-round buying after wholesale inflation declined to a five-month low lifted the benchmark Sensex today by nearly 257 points to its highest level since December 9 on hopes the RBI will lower interest rate to boost economic growth.<br /><br /></p>.<p>The NSE barometer Nifty also jumped over 79 points to reclaim the 6,300-point mark as it ended at 6,320.90.<br /><br />Supported by gains in rate-sensitive banking, realty and auto sector stocks, the 30-share BSE Sensex rallied by a whopping 256.61 points, or 1.22 per cent, to end at 21,289.49, its highest closing since 21,326.42 on December 9.<br /><br />Overall, 29 out of 30 Sensex-based scrips closed higher. HDFC and L&T led the gainers, while Tata Steel closed flat. Other prominent gainers included Tata Motors, Hero MotoCorp, BHEL, Sesa Sterlite and Cipla.<br /><br />Yesterday, Sensex had lost 101.33 points on profit-taking.<br /><br />Brokers said along with the rising trend in other Asian and the European markets after the World Bank raised its global growth forecast, wholesale inflation declining to a five-month low of 6.16 per cent in December, raised hopes that the Reserve Bank will ease interest rates and prop up growth.<br /><br />However, profit-booking by some traders at higher levels, trimmed gains in some stocks, they added.<br /><br />Shares of state-owned Coal India Ltd ended 1.81 per cent higher after the company declared an interim dividend of Rs 29 per share, or a record 290 per cent, for 2013-14. It had soared over 6 per cent in early trade.<br /><br />Out of 13 sectoral indices, 10 barometers closed with gains between 0.37 per cent and 1.98 per cent.<br /><br />The BSE Capital goods sector index rose 1.98 per cent, Banking index by 1.59 per cent, Realty index by 1.31 per cent and Auto index by 1.22 per cent.<br /><br />Shares of Yes Bank ended 1.95 per cent higher after bank reported 21.4 per cent rise in net profit at Rs 415.6 crore for its third quarter ended December 2013.</p>
<p>All-round buying after wholesale inflation declined to a five-month low lifted the benchmark Sensex today by nearly 257 points to its highest level since December 9 on hopes the RBI will lower interest rate to boost economic growth.<br /><br /></p>.<p>The NSE barometer Nifty also jumped over 79 points to reclaim the 6,300-point mark as it ended at 6,320.90.<br /><br />Supported by gains in rate-sensitive banking, realty and auto sector stocks, the 30-share BSE Sensex rallied by a whopping 256.61 points, or 1.22 per cent, to end at 21,289.49, its highest closing since 21,326.42 on December 9.<br /><br />Overall, 29 out of 30 Sensex-based scrips closed higher. HDFC and L&T led the gainers, while Tata Steel closed flat. Other prominent gainers included Tata Motors, Hero MotoCorp, BHEL, Sesa Sterlite and Cipla.<br /><br />Yesterday, Sensex had lost 101.33 points on profit-taking.<br /><br />Brokers said along with the rising trend in other Asian and the European markets after the World Bank raised its global growth forecast, wholesale inflation declining to a five-month low of 6.16 per cent in December, raised hopes that the Reserve Bank will ease interest rates and prop up growth.<br /><br />However, profit-booking by some traders at higher levels, trimmed gains in some stocks, they added.<br /><br />Shares of state-owned Coal India Ltd ended 1.81 per cent higher after the company declared an interim dividend of Rs 29 per share, or a record 290 per cent, for 2013-14. It had soared over 6 per cent in early trade.<br /><br />Out of 13 sectoral indices, 10 barometers closed with gains between 0.37 per cent and 1.98 per cent.<br /><br />The BSE Capital goods sector index rose 1.98 per cent, Banking index by 1.59 per cent, Realty index by 1.31 per cent and Auto index by 1.22 per cent.<br /><br />Shares of Yes Bank ended 1.95 per cent higher after bank reported 21.4 per cent rise in net profit at Rs 415.6 crore for its third quarter ended December 2013.</p>