Markets closed firm higher with both the benchmark indices gaining nearly 4% each led by FII fund flow in the equity market amid receding fears of a US led military strike on Syria. The S&P BSE Sensex spurted up by 727.04 points or 3.77% to close at 19,997.10. It touched a high of 20,012.69 and a low of 19,444.66 in the intra-day. The CNX Nifty ended up by 216.35 points or 3.81% at 5,896.75. It touched a high of 5,904.85 and a low of 5,738.20 in the intra-day.
In the sectoral all the indices closed positive with Auto index spurting the most up by 5.98% followed by Capital Goods and FMCG gaining up by 5.50% and 5.30%. Consumer Durables, Power, Realty, Metal, IT, Bankex and Oil & Gas indices also advanced 3-2% each. From the broader markets, Mid-cap index surged up by 1.40% and Small-cap index gained up by 1.10%.
Among index gainers were, Tata Motors spurted up by 9.88%, followed by Bharti Airtel, Hero MotoCorp, L&T, Sesa Goa, HDFC, ITC and Hindustan Unilever gaining up between 6-8%. Mahindra & Mahindra, Infosys, Coal India, Sun Pharmacuticals, Maruti Suzuki, Bajaj Auto, HDFC Bank and NTPC jumped between 3-5%. Other notable gainers include Tata Steel, Reliance Industries, Tata Power, Jindal Steel, Hindalco Industries, Wipro, ICICI Bank, ONGC, BHEL, Caipla and Gail (India) gaining between 3-1%.
Among the index losers were, Dr Reddy's Labs, SBI and TCS losing between 1-0.10%.
The partially convertible Rupee closed at 63.84 per dollar as against yesterdays close of 65.24. The Rupee rallied to its two-week high after trade deficit narrowed and receding concerns about Syria helped the currency continue its recent recovery from record lows hit last month.
Tata Motors spurted up by 9.88%, after the reported that the UK arm Jaguar Land Rover (JLR) recorded USA retail sales of 6,661 units in August. It also said that it has entered the Indonesian market with the launch of three passenger vehicles.
The overall market breadth was firm positive with 1,502 shares advanced while 829 shares declined.
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