The benchmark indices ended strong on the first day of the June series. Positive announcements from the oil ministry about deregulation of oil prices and better-than-expected GDP numbers helped the markets to remain on the stronger side. The Sensex closed at 14,625 up 329 points after remaining in the range of 14727-14320. The Nifty shut at 4,449 up 112 points. Among the broader indices - the BSE Midcap Index was up 2.8% and the Smallcap Index rose 3.4%. Buying was seen in buying in oil & gas, infrastructure, realty, metal, auto, telecom and technology stocks.

Movers & Shakers

Top gainers were ACC, M&M, Jaiprakash Associates, Tata Steel, ONGC, Cairn India, BPCL and GAIL, which gained 6-10%.

The BSE Realty and Oil & Gas indices went up 4.7% each. Capital Goods Index was up 4%. Metal and Auto indices were up over 3%. TECk, Power, Bank and IT indices gained 1.6%.

In the oil & gas space, HPCL, Cairn India, BPCL, GAIL and ONGC were up 6-12.7%. Reliance Petroleum and Reliance Industries moved up 3.5% each.

Punj Lloyd, Suzlon Energy, L&T, ABB, BHEL and Siemens were up 2%. Among the metal stocks, Tata Steel, SAIL and JSL gained over 6%. Welspun Gujarat, Ispat Industries, Gujarat NRE Coke, Sesa Goa, Hindalco, Sterlite, Jindal Saw, JSW Steel, NALCO and Jindal Steel were up 1-3%.

TCS was up 5% and Tech Mahindra gained 3%. Wipro and Infosys were up 1.8%. In the telecom space, MTNL, Reliance Communication, Bharti Airtel, Tata Teleservices and Idea Cellular were up 1.7%.