Markets after opening firm positive in the morning rallied through the day and ended near the days high, amid firm global cues and lower-than expected May WPI (Wholesale Price Index) which also raisied the hopes for rate cut in the RBI's (Reserve Bank of India) policy meet scheduled for next week. Sensex closed firm positive up by 352.62 points or 1.87% at 19,179.78 after opening firm up by 132.67 points or 0.70% at 18,959.83 and touched a high of 19,213.10 and a low of 18,952.09 while Nifty closed positive up by 109.30 points or 1.92% at 5,808.40 after opening up by 49.85 points or 0.87% at 5,748.95 and touched a high of 5,819.10 and a low of 5,739.40 in the day.
Sectoral wise, all indices closed in positive zone with Consumer Durables Index leading the list up by 3.54%, followed by Auto index up by 3.01%, Realty, Metal, Capital Goods and Oil & Gas indices gaining between 3%-2% each, Power, Bankex, PSU and Healthcare indices rose between 2%-1%, FMCG advanced up by 0.89% and IT gained up by 0.45%. In Broader markets Mid-cap index advanced up by 1.17% and Small-cap index rose up by 1.02%.
Major index stock gainers were, Hindalco Industries spurted up by 7.07%, Tata Motors and Maruti Suzuki surged up by 4.91% and 4.09%, Tata Power, L&T, Bajaj Auto, ICICI Bank, RIL and Tata Steel rose between 4%-3% each HDFC, Mahindra & Mahindra and Jindal Steel & Power gained between 3%-2%, Sterlite Industries, Gail (India), HDFC Bank, ITC, SBI and NTPC advanced up between 2%-1%, Dr Reddys Laboratories, ONGC, BHEL, Infosys, Coal India, Bharti Airtel and TCS gained up between 1%-0.40%, while Tata Motors Sun Pharmaceutical advanced up by 0.36%.
Major index stock losers were, Wipro down by 0.71%, Hero Motocorp fell by 0.41% and Cipla and Hindustan Unilever declined marginally 0.24% each.
Wholesale Price Index (WPI) based inflation declined further to 4.70% in May 2013 from 4.89% in April 2013. This is the second month in a row that inflation remained in RBI's comfort zone of 4-5%.
Overall market breadth was firm positive with 1,418 shares advanced as compared to 890 shares declined while 142 shares remained unchanged.
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