Sensex snaps 4-day losing streak…Nifty reclaims 6100

Bulls were back on Dalal-Street starting off the Diwali week on an optimistic note. The benchmark indices started off with a gap up opening, on the back of overnight gains in the US. As the day progressed, key indices gradually climbed higher. The Banking and the realty stocks were among the major gainers. Even the broader indices participated in today’s rally.



"Better than expected sales number by auto majors like Maruti and Hero Honda lifted the overall sentiment. In addition, positive cues from the European markets further lifted the NSE Nifty to end above the 6100 levels" says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex surged 323 points to close at 20,356. The NSE Nifty rose 100 points to close at 6,118.

All the sectoral indices ended in the green, the BSE Consumer Durables index was the top gainer, the index gained 4%, the BSE Bank index gained 3.5% and BSE Realty index gained 3%.

The broader indices ended with smart gains as well, the BSE Mid-Cap index ended higher by 1.8% and BSE Small-Cap index added 1.2%.

The European indices were trading in the positive terrain, the DAX in Germany was up 0.5%, the CAC 40 index in France was up 0.5% and FTSE index was up 0.5%.

Outside the frontline indices, the big gainers in the broader market were Titan, Petronet Lng, Indusind Bank and Aurobindo Pharma. On the other hand, losers included Godrej Prop, Jubilant Life and IGL.