Sensex rallies 390 pts; realty index up 5%

The Sensex today opened 121 points higher at 15,363 owing to firm cues from the global markets. The index touched a low of 15,363 and zoomed to a high of 15,676. The benchmark index moved in the range of 313 points. The Sensex exhibited sideways movement and finally ended at 15,629, up 388 points or 2.5%.

The Asian markets ended on a strong note. The Nikkei surged 343 points (3%) to 10,581. The Straits Times moved up 45 points (2%) to 2,605 and the Seoul Composite increased 32 points (2%) to 1,612. The Taiwan Weighted Index rallied 184 points (3%) to 6,838.

All the sectoral indices ended in green . The BSE Realty index rallied 5% to 4,065. It was followed by consumer durables (3.5%), FMCG (3.5%), Metal (3%), auto (3%), IT (2.5%) and TECk(2%) indices.

The market breadth was extremely positive. Out of 2,825 shares traded, 2,033 advanced, 724 declined and 68 were unchanged on the BSE today.

The Midcap and the small cap indices also fared well, up above 2.5% each.

Index movers...

Tata Motors rallied 6% to Rs 458. Jaiprakash Associates advanced 5.5% to Rs 222.

ITC and Larsen & Toubro were up 4.5% each at Rs 240 and Rs 1,551, respectively.

Hindalco and Sterlite added 4% each to Rs 108 and Rs 653, respectively.

HDFC, Maruti, Reliance Communication, Hindustan Unilever, DLF, Tata Steel, ICICI Bank, Hero Honda, Reliance Infrastructures, Wipro, Reliance, Infosys, TCS and BHEL advanced 2-3.5% each.

There was not a single loser on the BSE today.

The NSE Nifty ended at 4,643, up 2.5%.

Cairn India moved up 5.5% at Rs 258. Siemens added 5% to Rs 488.

BPCL on the other hand was the only major loser, was down 2% at Rs 518.

Value and volume toppers

Reliance topped the combined value chart with a total turnover of Rs 614 crore. It was followed by Unitech (Rs 610 crore), Aban Offshore (Rs 487 crore), DLF (Rs 437 crore) and Suzlon (Rs 423 crore).

Unitech led the volume chart with trades of 68 million shares. It was followed by Suzlon (48 million), IFCI (40 million), Ispat (31 million) and Mahindra Satyam (21 million) shares.