Sensex Closes 383.20 Pts Up At 14,961.07
Indian equities closed on an encouraging note, on Tuesday (August 05), on 
the back of good buying action seen across all segments, with Bankex (6.65%) and Realty (6.56%) sectors being the major gainers among the sectoral indices.
Volatility jitters, which were seen during the early trading sessions, turned down in the late closing sessions with markets zooming 383.20 points.
BSE Midcap and Smallcap index closed the day positively after gaining 1.76% and 1.26% respectively.
Asian stocks reported a declension with mining companies being in the front line.
BHP Billiton fell after the copper prices went down and the oil prices slipped $3.69 on August 4, to settle at $121.41 per barrel.
Japanese benchmark index Nikkei slipped 18.52 points to end at 12,914.66. Hong Kong’s index Hang Seng dipped 565.17 points to settle at 21,949.75.
The BSE Sensex gained 383.20 points to close at 14,961.07 after touching a high of 14,986.63, whereas the broad-based NSE Nifty profited 107.50 points to settle the day at 4,502.85 after hitting a high of 4,515.15.
The market breadth was positive as it saw 1,779 progressions as against 923 declinations.
The major gainers on the BSE Index were ICICI Bank (8.24%), DLF (7.66%) and Maruti Suzuki (7.38%).
Sterlite Industries led the laggards with a decline of 6.76% followed by Tata Steel (2.28%), Tata Power (1.61%) and Ranbaxy laboratories (1.52%).
Stock market analyst Vishwas Agarwal said that BSE beyond 14,786 level, would be in strong position to attain another strong position i.e. 15,150, and the next target would be 15,555, with lot of trading chances and possibility of profit on investments.
“Reliance Industries, State Bank of India and Reliance Capital will be the trend indicators of the market”, he said
“August is going as predicted earlier and out of the list of stock, earlier mentioned, as expected to perform, some have already performed by 10% or more. Bombay Rayon Fashion (BRFL), Power Grid, J P associates and Adlabs look good for trading by self decided strict stop loss,” Mr. Agarwal added.
