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Sensex closed at 9655 gaining 492 points while Nifty closed at 2928 adding 144 points.
Market moved northward for two consecutive trading session, market opened on positive node by getting strong clues from other Asian markets and continously traded on positive side throughout the session. However, the initial upsurge failed to gather momentum, as the index pared gains and later slowed down on lack of further buying interest. But later as asian peers moved on assumption that lawmakers will approve a USD 15 billion bailout of American auto companies, the latest government attempt to boost the global economy it bloom to days high and ended with smile all over. It ended on a buoyant note as sustained buying intetest was seen heavyweights and across sectors. Realty, metal and oil & gas stocks led the rally. BSE Sensex opened with a gain of 153.78 points, at 9,316.40 on Wednesday. The benchmark index BSE Sensex ended the day with a gain of 492.28 points, or 5.37% at 9,654.90 after touching a high of 9,678.70 and a low of 9,280.16. The broad-based NSE Nifty climbed 144.25 points, or 5.18% at 2,928.25 after hitting a high of 2,940.15 and a low of 2,785.70. BSE Midcap Index gained 63.21 points or 2.19% to 2,948.24 and Small Cap Index was up by 52.25 points or 1.56% at 3,395.45.
Sectoral : All the BSE sectoral indices finished in green there was nothing like red anywhere. Realty index surged 12.56% followed by Metal index, up 8.38%, BSE Oil & Gas up 6.97% and BSE CG up 4.51%. On stock specific only Ranbaxy was on loosing side it lost 1.08% and closed at Rs210.75. One positive side DLF (18.93% at Rs262.65 ) and M&M ( 15.47% at Rs286.65 ) were the top gainers among the sensex stocks.
Asian Markets : The entire region closed in Green, as asian market propelled by the news of a $15 billion bailing out plan for US automakers by US lawmakers. This is the forth consecutive green close for asian markets. Japan Nikkei 225 index closed at 8,660.24 gaining 264.37points or 3.15% . HangSeng increases 824.52 points or 5.59% and closed at 15577.74 . Straits Times closed at 1,821.70 gaining 67.12 points or 3.83% . Shanghai closed at 2079.11 adding 41.37 points or 2.03% .
European Market : Probably Euro markets are not intreseted in US $15 bln auto bailout package , as they are also on deep problem. Germany is treated as Home for most of US car companies. Maximum of auto campanies are German based or originated in Germany. So they are also in assumption for that type of Bailout plan. All major Euro indices closed flat to negative. London based FTSE 100 closed in red for 13.98 points at 4367.28 , However German based DAX and france based CAC 40 manged to close in Green , but their gains was not significant according to other markets. DAX closed at 4,804.88 steping 25.77 points or 0.54% . CAC 40 index closed at 3,320.31 gaining 22.51 points or 0.68% .
American Markets : All American markets are trading in positive side with a gain of nearly 2% . Sources said lawmakers agreed for a $15bln auto bailout.
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