<p>Revival of monsoon rains in the crucial sowing month of July, sustained buying by foreign funds, and firm global equities, also underpinned sentiments in Dalal Street. That apart, some short covering also lifted markets a bit leading the key indices of BSE and NSE to close above 18,000 and 5,400 levels.<br /><br />Simply put, after being in the consolidation mode for so long, equities turned healthy especially in the financial space consequent to ICICI Bank’s Q1 data which rallied and rose 4 per cent to Rs 939 this day, while BSE Bankex jumped 2.5 per cent to 11,816 points. Other banking stocks such as Bank of India and Punjab National Bank surged 7 and 5 per cent respectively, while SBI added 3.7 per cent to Rs 2,598. Yes Bank, Bank Of Baroda, Union Bank and Canara Bank were among the other big gainers in the sector.<br /><br />That apart, high beta realty and metal stocks rose, while FMCG and consumer durables stocks also gained. Index heavyweight Reliance Industries (RIL) too edged higher. The market breadth was strong – with all sectoral indices on BSE were in green – and on BSE as many as 1781 shares advanced while 1176 stocks declined and a total of 94 scrips remained unchanged.<br /><br />The popular Sensex at BSE rose 212.92 points or 1.19 per cent to close at 18,081.21. It rose 235.95 points at the day’s high and rose 43.02 points at the day’s low. The broader based S&P CNX Nifty at NSE rose 64.05 points or 1.19 per cent to settle at 5,431.65 points in the day’s closing. Broader indices wise, the BSE Mid-Cap index rose 1.15 per cent, while the Small-Cap index rose 0.92 per cent. <br /><br />Total turnover by markets for the day stood at Rs 77,278.15 crore, which included Rs 3,950.07 crore from BSE cash segment, while Rs 11,666.23 crore from NSE cash and Rs 61,661.85 crore from NSE Futures & Options.<br /><br />During the day, European stock markets rose after another round of positive economic data and strong earnings from some of the region’s biggest banks. The key benchmark indices in France, Germany and UK rose by about 1.65 to 2.11 per cent.<br /><br />Asian stocks too rose this day, as Chinese manufacturing gauge for July was not as weak as feared and South Korea’s exports grew faster than expected. The key benchmark indices in China, Hong Kong, Singapore, Japan, Taiwan and South Korea were up by 0.35 to 1.95 per cent, but Indonesia’s Jakarta Composite index fell 0.34 per cent. Trading in US index futures indicated that the Dow could jump 117 points at the opening bell on Monday. <br /></p>
<p>Revival of monsoon rains in the crucial sowing month of July, sustained buying by foreign funds, and firm global equities, also underpinned sentiments in Dalal Street. That apart, some short covering also lifted markets a bit leading the key indices of BSE and NSE to close above 18,000 and 5,400 levels.<br /><br />Simply put, after being in the consolidation mode for so long, equities turned healthy especially in the financial space consequent to ICICI Bank’s Q1 data which rallied and rose 4 per cent to Rs 939 this day, while BSE Bankex jumped 2.5 per cent to 11,816 points. Other banking stocks such as Bank of India and Punjab National Bank surged 7 and 5 per cent respectively, while SBI added 3.7 per cent to Rs 2,598. Yes Bank, Bank Of Baroda, Union Bank and Canara Bank were among the other big gainers in the sector.<br /><br />That apart, high beta realty and metal stocks rose, while FMCG and consumer durables stocks also gained. Index heavyweight Reliance Industries (RIL) too edged higher. The market breadth was strong – with all sectoral indices on BSE were in green – and on BSE as many as 1781 shares advanced while 1176 stocks declined and a total of 94 scrips remained unchanged.<br /><br />The popular Sensex at BSE rose 212.92 points or 1.19 per cent to close at 18,081.21. It rose 235.95 points at the day’s high and rose 43.02 points at the day’s low. The broader based S&P CNX Nifty at NSE rose 64.05 points or 1.19 per cent to settle at 5,431.65 points in the day’s closing. Broader indices wise, the BSE Mid-Cap index rose 1.15 per cent, while the Small-Cap index rose 0.92 per cent. <br /><br />Total turnover by markets for the day stood at Rs 77,278.15 crore, which included Rs 3,950.07 crore from BSE cash segment, while Rs 11,666.23 crore from NSE cash and Rs 61,661.85 crore from NSE Futures & Options.<br /><br />During the day, European stock markets rose after another round of positive economic data and strong earnings from some of the region’s biggest banks. The key benchmark indices in France, Germany and UK rose by about 1.65 to 2.11 per cent.<br /><br />Asian stocks too rose this day, as Chinese manufacturing gauge for July was not as weak as feared and South Korea’s exports grew faster than expected. The key benchmark indices in China, Hong Kong, Singapore, Japan, Taiwan and South Korea were up by 0.35 to 1.95 per cent, but Indonesia’s Jakarta Composite index fell 0.34 per cent. Trading in US index futures indicated that the Dow could jump 117 points at the opening bell on Monday. <br /></p>
