- BSE Sensex surges 371 pts to cross 21,000-mark, Reliance Industries share price jumps on gas price hikeIndian rupee snaps 3 days losing streak, closes at 62.04 against dollarIndian rupee rises 10 paise to 62.04 against US dollar on strong stocksMarkets, Rs ignore Fed; FII demand fuels rally
released last week.
"The trend continued for the second day also as market came under more selling pressure anticipating rate hike by RBI and Fed's action on the tapering process."
"But surprisingly, despite high inflation, RBI decided not to raise interest rates, giving much needed cheer to the market," he said.
"The market was also supported by strong buying from the FII community. The Nifty is expected to trade in range of 6,263-6,344 and Sensex between 21,167 and 21,243 according to technical indicators," Chaudhary added.
As many as 26 scrips from the Sensex pack ended higher while the four others finished lower.
Major gainers from the Sensex pack were Maruti Suzuki India 6.54 pct followed by BHEL 6.46 pct, Cipla 5.93 pct,
Tata Consultancy Services (TCS)5.50 pct,
Among the S&P BSE indices, IT firmed up 5.79 pct, HC 5.25 pct, Realty 4.96 pct, Teck 4.86 pct, Auto 2.68 pct, Oil&Gas 2.52 pct, Power 2.21 pct and CG shot up 1.98 pct. Mid and small-cap indices rose 3.17 pct and 2.62 pct respectively.
The total turnover at BSE and NSE rose to Rs 11,772.25 crore and Rs 60,818.97 crore respectively as against the last weekend's level of Rs 9,744.50 crore and Rs 53,922.87 crore.