BSE Sensex logs 2013's biggest gain of 265 pts, NSE Nifty up 85 pts
Across-the-board buying on strong global cues and indications of more sops by Finance Minister during the course of debate on Budget in Parliament lifted the BSE benchmark Sensex today by over 265 points -- its biggest gain in this calendar year -- to end at 19,143.17. The CNX NSE Nifty also soared by 85.75 points or 1.50 per cent to end at 5,784.25.
Helped by gains in realty, metal and banks, Sensex spurted by 265.21 points, or 1.40 per cent to close at 19,143.17, recording its biggest single day gain since November 29, 2012 when it had soared by nearly 329 points.
Today's stocks rally pushed up investor wealth by Rs 1 lakh crore as 1,679 scrips ended with gains across the market.
Finance Minister P Chidambaram yesterday had assured India Inc that a clutch of decisions, mainly on indirect taxes, would be announced during the course of debate on budget and Finance Bill in Parliament.
Brokers said along with the jump in Asian stocks amid optimism central banks will continue stimulus measures to boost their economies, the Finance Minister's comments triggered off a spate of buying.
All 13 sectoral indices closed with gains between 0.22 pct and 3.13 per cent with interest rates sensitive segments realty, banking and auto taking the lead.
"The FM seems to be in an overdrive mode promising more announcements and steps to revive growth and investment. The undertone remains slightly positive for the coming days," said Amar Ambani, Head of Research, IIFL.
Bank stocks like ICICI Bank, SBI and HDFC
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