Sensex Ends 412.86 Pts Up; Nifty Gains 101.80 Pts

Sensex Ends 412.86 Pts Up; Nifty Gains 101.80 PtsAfter starting the day positively, the 30-share index BSE Sensex ended the week on a strong note following a surge in worldwide markets.

The continued buying support in realty, banking, metal and IT stocks assisted the market to gain throughout the day, and closed on a strong note.

Second line stocks also performed well. BSE Midcap and Smallcap index gained 2.96% and 1.97% respectively.

Amongst the sectors, BSE Realty was the major gainer, which gained 7.57% followed by Metal zoomed 6.26%, Bankex surged 5.85% and IT moved up 5.63%.

The Sensex ended the day after gaining 412.86 points at 8,756.61. It hit an intraday high of 8,793.21 and an intraday low of 8,480.74 during the day.

The broad-based NSE Nifty surged 101.80 points at 2,719.25. It hit an intraday high of 2,726.15 and an intraday low of 2,616.60.

The major movers of the day were DLF (11.47%), Tata Motors (10.72%), Reliance Capital (9.31%), Tata Power Company (9.18%), ICICI Bank (8.60%), and Hindalco Industries (7.99%).

On the other hand, NTPC (2.04%), and Sun Pharmaceutical Industries (0.36%) were the top losers in the Sensex pack.

On worldwide front, Asian stocks ended strong. Nikkei surged 371.03 points at 7,569.28 and Hang Seng index advanced 524.27 points at 12,525.80.

European stocks also moved up. Barclays and Deutsche Bank surged over 4% as Bank of America`s chief executive officer Kenneth Lewis said that he expects the largest US bank to make money this year. FTSE 100 gained 62.21 points, or 1.68%, to trade at 3,774.27, CAC 40 rose 52.46 points, or 1.95%, to trade at 2,746.71 and DAX climbed 39.66 points, or 1%, to trade at 3,995.88.

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