Sensex adds 450 points; SBI, RIL, Reliance Cap most active
27 Sep 2011
A likely bailout plan for Europe has caught bears on the wrong foot. Indian equities saw mammoth gains on a pullback rally following steep global upmoves. The 30-share BSE Sensex surged 457 points to 16,508 and the 50-share NSE Nifty was trading at 4,970, up 135 points on support from 49 stocks.
European markets like France's CAC, Germany's DAX and Britain's FTSE rallied 2-3%. The Dow Jones and Nasdaq futures moved up 1% each. Asian markets gained 3-5% at close; only Shanghai rose just 0.9%.
On the home turf, DLF, Tata Motors, Jaiprakash Associates, Reliance Industries, BHEL, Infosys and TCS were top gainers among frontliners - surged 4-6%.
Not a single sector showed a red tick; the BSE Realty and IT indices shot up 3.6% each. Oil & Gas, Bank, Auto, Power, Metal and Capital Goods were up 2-3%.
Most active shares on exchanges were PG Electroplast, Reliance Capital, SBI, Godrej Properties, Reliance Industries and Infosys.
About 2.5 shares gained for every share declining on BSE.