Mumbai: The markets zoomed up with gains sustaining firm position at higher levels. At 14:45 hrs IST, the Bombay Stock Exchange benchmark index Sensex was trading at 10,545 up 382 points while Nifty was trading at 3,108 up 111 points.
About 1575 shares advanced, 671 shares declined, and 85 shares were unchanged by mid session. Major gainers on the indices were Reliance Communication, HLL, SAIL and Hindalco whereas Jet Airways, BPCL and Ranbaxy came out as top losers on the indices.
All the BSE sectoral indices were trading in green:
- BSE Auto was up 3.25% at 4,703.51
- BSE Bankex was up 2.26% at 4,323.34
- BSE Capital goods index was up 4.11% at 6,959.70
- BSE Consumer durables index was up 2.47% at 2,682.50
- BSE Fast moving consumer goods (FMCG) index was up 4.01% at 1,943.80
- BSE IT index was up 2.62% at 3,723.05
- BSE Metal index was up 5.45% at 8,410.90
- BSE Oil & gas index was up 3.25% at 5,239.29
The markets were trading strong throughout the day. All the BSE sectoral indices ended in green. Heavy buying was witnessed in metal, FMCG and capital good stocks.
Sensex witnessed heavy buying by foreign as well as domestic funds on back of rallying global markets.
The positive sentiment came in after the Federal Reserve announced the interest rate hikes by 25 basis points.
The Dow Jones industrial average rose more than 215 points, its biggest one-day point gains in more than three years.
Asian markets also witnessed strong buying interest. Japan's Nikkei surged 2.04 per cent, TOPIX Index was up 1.74 per cent, Hang Seng was up 1.74 per cent and Straits Times was up 1.70 per cent.
Trading sentiment turned bullish following an average two per cent rise in global stock markets.
Stockbrokers said the hike of 25 basis points by the US Federal Reserve in interest rates, failed to have any negative impact on global markets.
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