Bulls on rampage; Sensex up 215 pts

Bulls on rampage; Sensex up 215 ptsThe BSE-benchmarked Sensex today settled the day with remarkable gains, straight fourth in a row, on the back of sustained buying across the sectoral indices.

Throughout the day, the domestic market seemed cheered, on the back of favoring cues from the global markets as well as anticipation of the strong push for the economic reforms by the newly elected government.

The BSE Sensex closed on Monday, up by 215.38 points or 1.47% at 14,840.63 while, NSE Nifty settled the day by 80.95 points or 1.82% at 4,529.90. The BSE Sensex touched intraday high and low of 14,906.81 and 14,655.49 respectively.

Further, BSE Mid Caps and Small Caps benchmark indices also ended the session with gains of 147.47 and 209.96 points at 5,204.21 and 6,196.78 respectively.

Today, the Indian market began its trading session in a good mood ahead of favorable and positive cues from global market. But soon, it pared some of its early gains as the profit booking prevailed across selective sectoral indices. But again during the mid session, the market gained the momentum and closed the day with decent gains.

On sectoral front, investors on-loaded position across the sectors led by Realty, Metal, IT, FMCG, Consumer Durables and Power index.

Gainers from the BSE Sensex pack were Tata Steel (7.79%) followed by Sterlite Industries (6.75%), ACC (6.40%), NTPC (6.17%), JP Associates (6.12%) and M&M (5.25%).

Losers from the BSE Sensex pack were ICICI bank (2.36%) along with BHEL (2.27%), Bharti Airtel (1.67%) and Ranbaxy Labs (1.51%).