Sensex zooms 200 points at close

The markets had a steady session today digesting the 25 bps hike in repo and reverse repo rate, which was in line with the market expectations. It was the second straight session of gain for the markets and it was once again led by the banking stocks.

The Sensex closed with handsome gains of 200.24 at 10,415.61 and the Nifty gained 54.65 points or 1.83% at 3040.5 in tandem with its Asian peers.

Asian markets closed very strong and the European markets have also opened in the green
Apart from banking there was good upmove in the cement stocks with above street expectations results by Ultratech.
The BSE Small Cap Index closed at 4,854.16, up 96 points.
The BSE Midcap Index ended at 4,095.38, up 83 points.
About 1613 shares have advanced, 734 shares declined, and 76 shares are unchanged.
All the BSE sectoral indices closed in the green. Banking stocks lead the rally followed by cement and capital good stocks.

The BSE Bankex was up 4.12% at 4,569.30. Union Bank, UTI Bank, Oriental Bank, ICICI Bank, HDFC Bank, PNB, Canara Bank and Bank of Baroda were among the gainers.

The BSE Capital Goods Index was up 2.5% at 6,556.44. Gammon India, Lakshmi Machine, Crompton Greave, Bharat Elec and Carborundum closed higher.

The BSE Consumer Durables Index gained 2.34% at 2,574.24. Su-Raj Diamonds, Samtel Color, Titan Industries and BPL were up.

The BSE Metal Index advanced by 2% at 7,691.66. SAIL, Tata Steel, Sterlite Ind, Guj NRE Coke, Hindalco witnessed buying interest.

The BSE Oil and Gas Index rose 2.1% at 4,991.39. MRPL, GAIL, Chennai Petro, IOC, Petronet LNG advanced higher.
The BSE Health Care Index was up by 1.75% at 3,103.43. Cipla, Dr Reddys Labs, Divis Labs, Apollo Hospital and Nicholas Piramal were among the major gainers.

The BSE Auto Index added 1.5% at 4,275.37. Ashok Leyland, Escorts, Cummins, Tube Investment and Tata Motors closed in positive terrain.

The BSE IT Index was up by 0.8% at 3,837.97 moved up. Satyam, Mphasis BFL, TCS and Infosys jumped
The BSE FMCG Index was up 0.7% at 1,856.48. P&G, HLL, Shaw Wallace, Colgate and Dabur India closed in green.
The NSE cash turnover was at Rs 5421.16 crore and the NSE F&O turnover was at Rs 27418.75 crore. The BSE cash turnover was Rs 2607.46 crore. Total market wide turnover was at Rs 35447.37 crore.

The following changes were made in credit policy

RBI hikes Reverse Repo Rate By 25 bps to 6%

RBI hikes Repo Rate By 25 bps to 7%

RBI keeps Bank Rate unchanged to 6%

RBI keeps CRR unchanged at 5%

Markets today:
-Markets end firm on positive global cues, buying across sectors
-Credit Policy on expected lines; Repo, reverse repo rate up 25 bps
-No major impact on equities as RBI rate hike factored in prices
-Sensex, Nifty close near day's highs; all major indices in the green
-Sensex closes up 2% at 10,416; Nifty up 1.8% at 3040 points
-Bank stocks surge on good results, no surprises in credit policy
-BSE Bank index up 4.1%; ICICI bank up 5.3%, OBC up 5.2%, PNB up 4.8%
-BSE Capital Goods index up 2.5%; L&T up 2.3%, Siemens up 2%
-Midcap stocks also rally; NSE CNX Midcap, BSE Small Cap indices up 2%
-Market breadth positive; NSE Advance:Decline ratio around 4:1-Total market turnover at Rs 35,447.37 cr vs Rs 38,857.66 cr yesterday

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