Mkt close near day's high, tech stocks surge

MARKET MOVE: Sensex closed up 346.02 points or 2.19 per cent at 16153.66 on Tuesday.

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Keywords: Shares, Markets

Mumbai: The markets closed near day's high after a sluggish start. Technology stocks bucked the trend with IT major coming positive set of numbers inline with street expectations. IT Index gained a whopping 6 per cent with Infosys, TCS, Wipro, HCL Tech among the top gainers on the bourses.

The broader markets also closed higher with breadth is in the favour of advances. Oil, pharma, realty and power sectors also ended higher.

Sensex closed up 346.02 points or 2.19 per cent at 16153.66, and the Nifty up 101.85 points or 2.13 per cent at 4879.65. About 1857 shares have advanced, 937 shares declined, and 280 shares are unchanged.

The BSE Midcap Index ended at 6,604.42 up 1.2%. The BSE Smallcap Index ended at 8,204.39 up 1.5%. The BSE Bankex closed at 8,002.40 up 1.3%. IOB, ICICI Bank, Centurion bank, Axis closed in green.

The BSE Capital Goods Index closed at 13,421.59 up 1%. Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher. The BSE Auto Index closed at 4,464.93 up 1%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher.

The BSE Metal Index closed at 14,017.64 up 0.3%. SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher. The BSE FMCG Index closed up 2% at 2,362.71. Colgate, ITC, Nestle, Marico, HUL, Dabur ended higher.

BSE Oil and Gas Index closed at 11,333.93 up 2.8%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher. The BSE IT Index was at 3,862.48 up 5.5%. HCL, Infosys, Tech mahindra, TCS, Wipro, Tech Mahindra closed higher.

The NSE cash turnover was at Rs 14066.78 crore and the NSE F&O turnover was at Rs 46369.75 crore. The BSE cash turnover was Rs 5846.51 crore. Total market wide turnover was at Rs 66283.04 crore.