Bulls back in Action; BSE-benchmarked Sensex surges 164 pts

Bulls back in Action; BSE-benchmarked Sensex surges 164 ptsThe Indian market, which remained weak in the last two trading sessions, bounced back to end the day with gain of more than 1% or 164.19 pts, mirroring favorable cues from global markets.  

The BSE Sensex closed higher at 12,116.94, while NSE Nifty ended up by 58.85 points at 3,683.90. The BSE Sensex touched intraday high of 12,143.95 and intraday low of 11,981.13.  

In addition, BSE Mid Caps and Small Caps Indices also witnessed a smart rally and closed with gains of 101.10 and 110.59 points at 3,776.94 and 4,263.60 respectively.  

Today , the market opened on a good note, despite flat Asian cues. Just an hour into opening, the market continued to see a fair bit of value-buying. The Benchmark indices showed good strength during afternoon trade on buying by foreign funds.
 
On sectoral front, Metal, Consumer Durable, Realty, Bank, Pharma, Oil & Gas and Capital Goods stocks have attracted most of the buying from their baskets. While, FMCG stocks remained out of flavor and witnessed most of selling.
 
In today’s trading session, gainers from the BSE Sensex pack are Sterlite Industries (13.78%), Hindalco (11.25%), Tata Steel (8.76%), Wipro Ltd (5.80%), HDFC (3.86%), Maruti Suzuki (3.72%), SBI (3.27%), Tata Motors (3.05%), Bharti Airtel (2.92%), RCom (61.85%), Reliance (1.82%), L&T Ltd (1.66%) and ICICI Bank (1.53%).
 
Losers from the BSE Sensex pack are M&M Ltd (2.83%), ACC Ltd (2.44%), HUL (1.68%), Grasim Industries (1.47%), NTPC (1.34%), ITC Ltd (1.25%), Infosys Tech (0.86%) and Sun Pharma (0.67%).