SENSEX gains 1300 points in 6 days

NIFTY rallied 49.10 points or 0.86%, to close at 5,736.35, after hitting an intra-day high of 5,770.35

SENSEX went up 177.66 points or 0.94%, to settle at 19,120.8

India’s largest telecom player Bharti Airtel’ shares led the markets from front, with gaining 3.7%. Among others, ONGC, TCS, NTPC, HDFC, Infosys, Sterlite, DLF, Axis Bank, Tata Motors and DLF gained 1-2.5%. Maruti, Sesa Goa, Reliance Communications, Hero Honda, BPCL and Dr Reddy’s Labs surged 3-4%. SBI and L&T went up over 0.5%

In midcap space, Puravankara Projects, Dewan Housing, BASF, Allcargo Global and Himadri Chemical surged 6-10.5% while Shree Global, Den Networks, Prestige Estate, KGN Industries and Mahindra Holiday lost 4-10%.

In smallcap space, Jai Balaji Industries shot up 20% on broker reports. Force Motors, KSB Pumps, TTK Prestige and AP Paper Mills were up 7-9%. However, Accentia Tech plunged 20%. Chromatic India, BS TransComm, Ushdev Intl and OCL Iron fell 6-9%.

Volume has been increased ahead of expiry on Thursday – total traded turnover was more than Rs 1.9 lakh crore, including Rs 1.76 lakh crore from F&O segment.

About 1135 shares advanced as against 1842 shares declined on the National Stock Exchange