The Sensex ended trade on a strong note ahead of a long weekend. After a disastrous fall last week, the Nifty recovered nearly 200 points to end above 5950 this week. The rally was fueled by RBI's monetary policy, which come out today.
The Central Bank kept key policy rates unchanged, which helped boost sentiment of traders and investors in the markets.
The Sensex shut shop at 19845.28, up 197.51 points or 1.01% and the Nifty closed at 5948.75 up 56.45 points or 0.96%. About 1548 shares advanced, 1380 shares declined, and 534 shares remain unchanged.
BSE IT index was the top gainer in trade today with close to 3% gain. Telecom stocks too surged in trade today. Rate sensitive’s like realty, banks and metal stocks too surged in trade post credit policy. All BSE sectoral indices ended in green barring capital goods.
The broader markets however underperformed largecaps. BSE Midcap and Smallcap indices were up 0.33% and 0.54% respectively compared to Sensex gain of 1%.
Top gainers in the largecap: SAIL, Suzlon Energy, Hero Honda, TCS, Infosys, Wipro, Tata Steel and Kotak Mahindra Bank were up 3-6%.
Top losers on the Sensex: Mahindra and Mahindra, Tata Power, HUL, Maruti Suzuki, Bajaj Auto and Sesa Goa were down 1-3%.
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