It was the second day of strong performance by the benchmark indices on the back of positive global cues. The Sensex closed at 14,253 up 400 points or 2.88% and the Nifty surged 2.97% or 122 points to settle at 4233. The broader indices outperformed the benchmark indices, the BSE Midcap Index went up 4.15% and Smallcap Index rose 4.6%. All the BSE sectoral indices ended in the green. Huge buying was seen in infrastructure, capital goods, power, metal and oil & gas stocks. The market breadth was extremely positive and the total traded turnover also improved at Rs 80,071 cr. as against Rs 72,786 cr. The Nifty July futures closed with 7 points premium at 4,240.

Movers & Shakers

The BSE realty index soared nearly 8 % on gains in IBREL, Ackruti City and Ansal API. The stocks jumped more than 11 % each. DLF, HDIL, Omaxe, Orbit Corp, Unitech were up 5-8%.

The metal index on the BSE rose 5.6 %. Stocks like Hindalco, JSW Steel, Hindustan Zinc, Sesa Goa, Tata Steel, SAIL, Jindal Saw and Sterlite gained 4-8%.

The power index was up 4.7 %. Stocks like Reliance Power, Neyveli Lignite, GMR Infra, Reliance Infrastructure, GVK Power and Tata Power gained 4-8.5%.

In the capital goods space, Siemens, Punj Lloyd, BHEL, Suzlon Energy, L&T, Bharat Electronics and ABB were up 4-6.6%

In the telecom pack, Idea Cellular shot up 7.55%. RCOM, MTNL and Tata Teleservices were up 3.8-5%.

Among the Sensex stocks, Hindalco was the top gainer up over 8.2 % to Rs 79. DLF, JP Associates and Hero Honda were the other main gainers up more than 6 % each.

Infosys was the only counter that ended lower in the Sensex pack at 1,790 down 0.8 %.