Sensex ends buoyant; DLF climbs 11.47%

The Sensex ended on a buoyant note following a surge in global markets. Realty, banking, metal and IT stocks led the rally.

Indian stock market started the day on a positive note. The 30-share index, BSE Sensex opened with a gain of 136.99 points, at 8,480.74 on Friday tracking firm global cues. It continued to march further on sustained buying in index pivotals as the day progressed. Finally it touched a high of 8,793.21 to close on a strong note.

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

Amongst the sectors, BSE Realty soared 7.57%, Metal surged 6.26%, Bankex gained 5.85% and IT moved up 5.63%.

On global front, Asian stocks ended higher. Nikkei advanced 371.03 points, or 5.15%, to close at 7,569.28 and Hang Seng index surged 524.27 points, or 4.37%, to settle at 12,525.80.

European stocks climbed. Barclays and Deutsche Bank gained more than 4% as Bank of America`s chief executive officer Kenneth Lewis said he expects the biggest 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. (4.05 p.m., IST).

The Sensex ended the day with a gain of 412.86 points, or 4.95% at 8,756.61 after touching a high of 8,793.21 and a low of 8,480.74. The broad-based NSE Nifty gained 101.80 points, or 3.89% at 2,719.25 after hitting a high of 2,726.15 and a low of 2,616.60.

Biggest gainers in the 30-share index 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 biggest losers in the Sensex.

Overall market breadth was sharply positive. Out of the total 2,551 stocks traded at BSE, 1,583 advanced, 855 declined while 113 remained unchanged.