MUMBAI (Commodityonline): Indian bourses opened gap up amid strong global cues. Sensex jumped 500 points in opening session. Global markets rejuvenated on the news of world's six major central banks announcement to provide cheaper dollar funding to tame liquidity crunch of European banks. Key global markets jumped between 2 to 5% after this announcement.
Strong gained witnessed in Metal and Financial stock back of heavy short covering. However, indices soon trimmed opening gain on profit booking. Indices ended off their day high on lackluster European cues.
On macro economical front WPI for primary article inflation for week ended Nov. 19 came in at 7.74% against 9.08% week on week basis. Food inflation also eased to 8% against 9.01% previous week.
Markets breadth remained positive on broad base buying. Midcap and Smallcap indices closed with gain 0.97% and 0.43% respectively while benchmark indices ended over 2% gain.
BSE Sensex closed at 16483.45 with the gain of 359.99 points and at NSE Nifty closed at 4936.85 with the gain of 104.80 points at the end of the day. BSE Midcap index closed at 5682.11 with the gain of 54.42 points and BSE Smallcap index closed at 6123.71 with the gain of 26.45 points.
In percentage term key gainers were ICICI Bank Ltd (NSE: ICICIBANK), Hindalco Industries Ltd (NSE: HINDALCO) and Steel Authority of India Ltd (NSE: SAIL) while key losers were Bharat Heavy Electricals Ltd (NSE: BHEL), Bharat Petroleum Corporation Ltd (NSE: BPCL) and Dr. Reddy's Laboratories Ltd (NSE: DRREDDY).
On sectoral front almost all the sectoral indices closed in green barring Pharma index closed marginally in red. Major buying was seen in Metal, Banking & Financial, Realty, Auto, IT and Oil & Gas sectors. Markets breadth on BSE remained positive were 1692 advances against 1124 declines stocks.
From the perspective of weight in Nifty key gainers were ICICI Bank Ltd (NSE: ICICIBANK), Reliance Industries Ltd (NSE: RELIANCE) and Infosys Ltd (NSE: INFY) while key losers were Bharti Airtel Ltd (NSE: BHARTIARTL), Hindustan Unilever Ltd (NSE: HINDUNILVR).
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