Sensex cracks double ton...Nifty ends above 6050

After several days of lackluster trading, the bulls had something to cheer about with the benchmark Indian stock indices closing near the day's high on the back of all-round buying. After starting off at day's low, markets witnessed a gradual upswing before accelerating the advance in the afternoon trade.



The NSE Nifty ended above the 6,050 levels while the BSE Sensex shut shop above the 20,200 levels.The rally was led by Consumer Durables, FMCG, Banking and Metals stocks. Even the broader indices fared well, leading to a pretty strong market breadth.

Despite mixed US cues, most Asian markets managed to post decent gains. Even the Chinese market, which was subdued for most part of the day, rose towards the end of trade following two days of losses. Equity indices in India received a boost from firm Asian markets.

"After struggling around the 50DMA, the NSE Nifty managed to close above the crucial resistance levels, which indicates further potential of upmove in the coming days. The market could turn choppy again on Thursday due to the F&O expiry and lack of major triggers in the short term", says Amar Ambani, Head of Research (India Private Clients) - IIFL.

The BSE Sensex advanced 231 points to close at 20,256 and the NSE Nifty gained 64 points to close at 6,060.

Among the BSE sectoral indices, the BSE Consumer Durables index was the top gainers the index gained 2%, followed by BSE FMCG index was up 1.6% and the BSE Metal index gained 1.5%.

The broader indices also ended in green, the BSE Mid-Cap index was up 0.5% and BSE Small-Cap index was up 1.1%.

The European indices were trading in the red, the DAX in Germany was down 0.6%, the CAC 40 index in France was down 0.6% and FTSE index was trading slightly lower by 0.2%.

Outside the frontline indices, the big gainers in the broader market were Aban, Cummins India, Opto Circuit and Adani Ent. On the other hand, losers included PFC, HDIL, JSW Energy and P&G.

HUL, Bharti Airtel, Sterlite, HDFC Bank, HDFC, ITC, Hindalco, ICICI Bank, Maruti Suzuki, Jindal Steel, M&M, Reliance Infra, SAIL, Axis Bank and TCCS were among the notable gainers in the Sensex and the Nifty.

Cipla, Wipro, RCOM, Sun Pharma, Suzlon, Power Grid and RPower were among the notable laggards in the Sensex and the Nifty.

VIP Inds, Asahi India, EVERONN, Gitanjali Gems, Aptech, Gujarat Fluo, Mindtree, Ruchi Soya and Finolex Inds were among the notable gainers in the broader market.

Outside the two main indices, the key losers were Shree Ashtavinayak, Amtek India, United Brew, Power Finance, Amtek Auto, Sterling Intl, Omaxe B, REI Ago, BGammon India, Eicher Motors, Moser Baer, Oberoi Realty and Motilal Oswal.