Today it was hell for shorters in Indian Stock Market. Market behaved like it was pause for a big ticket move. It was fresh spell of buying by funds and retail investors and encouraging global cues. Intense buying was seen across board. Indian markets outperformed its Asian peers as both the benchmark indices surged nearly 4% in todays trade. The Sensex ended the day with a gain of 460.30 points, or 4.50% at 10,683.39 after touching a high of 10,750.20 and a low of 10,250.23. The broad-based NSE Nifty gained 112.10 points, or 3.59% at 3,234.90 after hitting a high of 3,254.85 and a low of 3,117.35. BSE Midcap and Smallcap index rose over 2% each.

Hang Seng and Shanghai, in fact closed in red. European markets were trading with average gains of one percent. US stock futures however, were down by same magnitude. French government said it would buy subordinated debt issued by the countrys six biggest banks. Stocks extended gains as money market rates declined in London.

All the BSE sectoral indices closed in green. Consumer Durable and Realty indices gained the most, up 9% and 8.3% respectively. JP Associate and TCS were the top gainers among sensex stocks, surging 16% and 13% respectively, while M & M and Hindalco were the sole sensex losers, down 2% and 1.7% respectively.

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