World Stock Market Review By Nirmal Bang

Stock MarketsThe benchmark indices ended at 15-month highs-their highest closings since June 2, 2008. The Sensex touched a new 2009 high of 16,035.50, before closing at 16,016 up 327 points or 2.09%. While the Nifty advanced 102 points to finish at 4,782 after seeing a high of 4,790. The broader indices outperformed the benchmark indices, up 2.3-2.8%. Buying was across the board and all the sectoral indices ended in green barring FMCG. The BSE Realty Index shot up 5.5%. Metal and Bank indices gained 3-3.5%. Auto indices went up over 2.3%. The Sept nifty future ended with 21 points premium.

The realty index on the BSE gained 5.5 %. In the realty space, Phoenix Mills zoomed 11.5 % and Kolte-Patil Developers jumped nearly 10 %. Unitech was up 7.6% and DLF up 5%.

The metal index rose 3.9 %. In the metal pack, JSPL rose 7.1 % and Welspun Gujarat surged 6.4 %. TataSteel up 2.7% and Sterlite were up 5.3%.

The BSE banking index was up 3.1 %. ICICI Bank surged 6%. SBI and Axis Bank were up 2.8% each.

In the oil & gas space, IOC, HPCL and BPCL surged 6-9%.

Auto stocks like Tata Motors shot up 11.32%, Amtek Auto, Ashok Leyland, Bajaj Auto and Bharat Forge moved up 2.7-8.6%.

In the telecom pack, Reliance Communication rose 6.62% and Bharti Airtel up 3.78%.

Among the Sensex stocks, Tata Motors led the gainers. The stock advanced 11.3 % to Rs 565. RCom, JP Associates and ICICI Bank were up over 5.9 % each.

Among the Nifty stocks, Tata Motors, Unitech, JSPL and BPCL were among the major gainers.