Both the benchmark indices, Sensex and Nifty followed the global cue as it turned bullish after the Fed Chairman Mr. Ben Bernanke states that US Fed will continue with the stimulus programme. He also suggested that policymakers could keep the bond-buying program at full throttle longer if the economy wobbles. Both the indices enjoyed the rally and the Nifty comfortably closed above the intermediate resistance level of 5,900 at 5935.10 up 118.40 points or 2.04%. Sensex also surged 381.94 points and closed at 19676.06, up by 1.98%.
Markets worldwide cheered up after being injected the stimulus hope by the Fed Chairman. All the sectoral indices registered growth today except the CNX Media which plunged by -0.28%. CNX Realty led the rally and surged by 2.78% followed by CNX Metal (2.58%), Bank Nifty (2.56%), CNX Finance (2.55%), CNX Service (2.26%) and CNX Infra (2.11%).
Shares of Hindalco gained momentum in early trade after its subsidiary Novelis has raised prices of all of its automotive aluminium sheet products in Europe. According to reports, Novelis announced a price increase of 160 Euro per ton for all of its automotive aluminium sheet products in Europe.
Market breadth was positive on the NSE with 606 gainers against 286 losers and 45 unchanged.
Out of 50 stocks of Nifty index, 46 advanced and 4 declined.
Top Five Nifty Gainers: Sesagoa led the Nifty Gainers chart and excelled by 6.25% followed by Hindalco (4.43%), Bharti Airtel (3.43%), Kotak Bank (3.26%) and IndusInd Bank (3.24%).
Top Five Nifty Losers: Larsen & Toubro goes ex-benefit today and hence lost -31.73% as the biggest loser and accompanied by Maruti (-2.84%), Ranbaxy (-1.10%) and Tata Motors (-0.30%).
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