Markets end with significant gains; Sensex up 421 points

The uptrend continued on the Dalal Street for the second day triggered by positive global cues. The Sensex ended 421 points higher and the Nifty up 129 points.

Headlines for the day

Network18 Media, TV18 Broadcast hit 20% upper circuit

DLF rallies as China’s HNA in race to buy Aman Resorts

Bajaj Auto launches four-wheeler RE60

No hike in petrol prices; OMCs down

DoT questions TDSAT jurisdiction over telcos 3G plea



Indian indices

Investor mood remained upbeat throughout the day after encouraging manufacturing data from China, Australia and India. Persistent buying was seen across the board, with metal, capital goods, banking, realty, PSU and technology stocks leading the upmove. Positive global cues further aided the rally. The markets touched one-week highs in trade today.

Sensex movements: Tracking positive global cues, the Sensex opened the session 123 points higher at 15641 as against the previous close of 15518. The index kept its head northwards and maintained uptrend on continuous buying and global rally. Extending gains, the index touched an intraday high of 15970 in late trade. The Sensex surged 421 points to settle at 15939 and the Nifty closed 129 points higher at 4765.

Market sentiment:

The market breadth was extremely positive. Of the 2868 stocks traded on the BSE, 2019 (70.40%) rose, 740 (25.80%) fell and 109 (3.80%) were unchanged

Viewing volumes:

Industrial finance company – IFCI was traded the most, with over 0.47 crore shares changing hands on the BSE. Following that, Wind turbine major - Suzlon Energy (0.30 crore shares), India's second largest developer - Unitech (0.27 crore shares), India's largest automobile company – Tata Motors (0.24 crore shares) and an integrated infrastructure development company — Lanco Infratech (0.23 crore shares).

Sectoral & stock screening:

All the 13 sectoral indices closed in the positive zone. BSE Metal was the star performer up by 5.05%, then comes BSE CG up by 4.40% and BSE Bankex advanced by 4.35%. Remaining ten indices rose in the range of 1.08-4.28%.

Among 'A' group stocks, top three gainers - MMTC up by 19.41%, Hindustan Copper rose by 17.20% and JSW Steel surged by 9.64%. Top three losers - Redington India declined by 3.86%, Gitanjali Gems fell by 3.57% and Oil India dipped by 3.19%.

Global indices

The European shares surged on Tuesday (January 03, 2012), with mining stocks leading gainers on the back of estimate-beating manufacturing data from China.

The Asian shares closed strong on Tuesday after China announced better-than-expected manufacturing data. Indices like Shanghai Composite and Nikkei remained shut.

The US stock index futures pointed to a higher open on the Wall Street on Tuesday

Market Outlook: In the US, FOMC Meeting, ISM Manufacturing Index and Construction Spending will be in focus.