Market soars on F&O expiry
MUMBAI: Sustained broad-based buying helped key indices scale psychological levels Thursday – the last day of the derivatives contracts expiry for March series. Capital goods and metal stocks fronted the rally, followed by power and banking stocks.
Bombay Stock Exchange’s Sensex ended at provisional 9,935.18, up 267.28 points or 2.76 per cent. The index soared to a high of 10,061.36 after opening trade at 9,739.93.
National Stock Exchange’s Nifty advanced 2.43 per cent or 72.4 points to 3056.75. The 50-share index rose to a high of 3103.35 during the day.
Midcaps and smallcaps space was also buzzing with activity. The BSE Midcap Index was up 0.93 per cent and the BSE Smallcap Index rose 0.44 per cent.
Biggest index gainers were Tata Motors (7.88%), Tata Steel (5.56%), Larsen & Toubro (5.42%), Tata Power (4.97%) and BHEL (4.84%).
Ranbaxy Laboratories (-3.35%), DLF (-1.5%) and ACC (-0.71%) were the only laggards in the 30-share index.
Market breadth remained positive with 1375 advances against 1158 declines on the BSE.
(All figures provisional)
source: Economictimes
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