MARKET makes a history

The Sensex at the opening bell (9.55am) was 1,306 points up at 13479 and Nifty was 532 points at 4203 and hit the first circuit for the day and also for the first time in the history of the Indian stock exchanges and the markets were closed for two hours. At 11.55am when the market opened again, the Sensex gained another 700 points and Nifty 150 points and hit the second circuit of the day and the market was closed for the day. For the day, the Sensex gained 2,111 points or 17.34% and closed at 14284 while Nifty gained 636 points to wrap the session at 4308.



The market breadth, the number of advancing shares to declining shares, was highly tilted in favour of advancing shares. Of the 846 stocks traded on the BSE, 833 stocks advanced, whereas 11 stocks declined. Two stocks ended unchanged. Of the 13 sectoral indices on the BSE, all closed positive gaining in the range of around 7-23%. BSE Realty moving up by 23.45% topped the list, while BSE CG (capital goods’ index), occupying the second slot, was up by around 21.90%. BSE Bankex (up 19.18%), BSE Oil & Gas (up 19.11%), BSE Power (up 18.33%), BSE PSU (up 16.42%), BSE Metal (up 16.10%) and BSE Teck (up 14.02%) posted significant gains for the day. Remaining indices were up 7-13% each.



Realty stocks were in limelight and closed with strong gains. Indiabulls Real Estate vaulted 38.51% at Rs205, Unitech soared 29.41% at Rs66, Housing Development and Infrastructure Ltd surged 26.08% at Rs229.90 and Orbit Corporation advanced 20% at Rs87.05.


Gateway Distipark attracted volumes of over 10 lakh shares on the BSE followed by Cals Refineries (6 lakh shares), K Sera Sera Productions (5 lakh shares) and IFCI (5 lakh shares).