Sensex resumes upswing…Realty, Metals lead

Bulls were back in action after taking a breather in the previous session. The Indian markets ended with smart gains, tracking strong global cues with the Realty and Metal stocks leading from the front. For the second day running the broader markets outperformed the benchmark indices.



Shares of Eros International gained 8% on its debut while shares of Career Point doubled.

"Strong cues from the US markets and a surprisingly aggressive monetary easing by Japan triggered a gap up opening. However, previous day’s high turned out to be today’s resistance for the NSE Nifty," says Amar Ambani, Head of Research (India Private Clients).

The BSE Sensex gained by 135 points to close at 20,543. The index hit an intra-day high of 20,670 and an intra-day low of 20,447. The NSE Nifty added 41 points to close at 6,186 after touching a high of 6,223 and a low of 6,148.

Among the BSE sectoral indices, the BSE Realty index was the top gainer, gained by 2.8%, followed by the BSE Metal index (up 2.2%) and BSE Oil & Gas index (up 1%). On the other hand, the BSE FMCG index was down 0.3%.

The broader indices ended higher, the BSE Mid-Cap index ended higher by 1.1% and BSE Small-Cap index added 0.8%.

The European indices recovered from days low, the DAX in Germany was up 0.2%, the CAC 40 index in France also was up 0.7% and FTSE index in UK up 0.3%.

Outside the frontline indices, the big gainers in the broader market were SCI, Indian Bank, National Fert, Mundra Port and RCF. On the other hand, losers included Nagarjuna Const, Jubilant Org, RNRL and Nestle.