Sensex closes with a gain of 202 points

Mumbai: The markets had a good close just before the Fed meet; crossing some important barriers. It was a surprising rally before the event, buying was seen in scrips across sectors.

The Asian markets closed higher and the European markets opened in green on the back of dovish statement or may be a pause in interest rate hike being expected from the Fed Chairman Ben Bernanke.

The Sensex closed with gains of 202.33 points or 1.87 per cent at 11,014.97 above the 11000 level. Nifty closed above 3,200 for the first time since May 29. The Nifty gained 61 points to close at 3212. The banking stocks were controlling the dynamics of the market.

The BSE Small Cap Index closed at 5,299.21 up 82.92 points or 1.6 per cent.

The BSE Midcap Index ended at 4,410.16, up 51.29 points 1.18 per cent.

The rally was seen in indices across sectors. All the BSE sectoral indices closed in the green. Bank stocks led the rally followed by capital goods and auto stocks.

Market Statistics:

• Nifty closes above 3,200 for first time since May 29
• Nifty up 1.95 per cent at 3212.40
• Sensex up 1.87 per cent at 11014.97; close above 11000 for first time since May 18
• All BSE Sectoral Indices end in the green
• BSE Bank Index up 3.24 per cent; ICICI Bank up 4.79 per cent, SBI up 2.52 per cent
• BSE Oil & Gas Index up 2.14 per cent; ONGC up 2.38 per cent, RIL up 2.35 per cent
• BSE Auto Index up 1.67 per cent; Bajaj Auto, Maruti, Tata Mot up over 2 per cent each
• CNX Midcap Index up 1.28 per cent; bank & sugar stocks gain
• PNB up 7.84 per cent, ING Vysya Bank up 6.53 per cent, Balrampur Chini, Bajaj Hind up over 5 per cent each
• BSE Small Cap Index up 1.59 per cent; Unity Infraprojects up 11 per cent
• NSE Advance Decline ratio at 3:1
• Total market turnover at Rs 21575.01 cr Vs Rs 20097.85 cr on Monday

The BSE Bankex was up 3.2 per cent at 5,015.08. PNB, ICICI Bank, Oriental Bank, IOB and Bank of Baroda were among the gainers.

The BSE FMCG Index was up 1.9 per cent at 1,892.32. McDowell, Shaw Wallace, Britannia and ITC closed in green.

The BSE Capital Goods Index was up 1.8 per cent at 7,269.48. Ingersoll Rand, L&T, Bharat Elec, Siemens and Alstom Projects closed higher.

The BSE Auto Index added 1.7 per cent at 4,600.72. Bajaj Auto, Maruti Udyog, Cummins, Tata Motors and Punj Tractors closed in positive terrain.

The BSE Metal Index advanced by 1.6 per cent at 7,893.33. SAIL, Sterlite Ind, Hindalco, Tata Steel and Jindal Saw witnessed buying interest.

The BSE Health Care Index was up by 0.9 per cent at 3,299.27. Divis Labs, GlaxoSmithKline, Wyeth, Sun Pharma and Matrix Lab were among the major gainers.

The BSE IT Index was up by 1 per cent at 4,017.12 moved up. TCS, I-Flex Solution, Wipro, Infosys and HCL Tech jumped.

The BSE Oil and Gas Index rose 0.79 per cent at 5,049.79. Chennai Petro, ONGC, GAIL and Reliance advanced higher.

The BSE Consumer Durables Index gained 0.3 per cent at 2,759.07. Samtel Color, Whirlpool, Su-Raj Diamonds, Titan Industries were up.

The NSE cash turnover was at Rs4275.11 crore and the NSE F&O turnover was at Rs 15166.25 crore. The BSE cash turnover was Rs 2133.65 crore. Total market wide turnover was at Rs 21575.01 crore.