Indian equities rallied on Tuesday tracking global markets. Interest rate sensitivesled the rally on hopes of rate cut later this month. Midcaps and small-caps soared high on account of value-buying. At the close, the benchmark 30-share index, BSE Sensex gained 265.21 pointsor 1.40% at 19,143.17 with 25 components registering rise. Meanwhile, the broad based NSE Nifty went up by 85.75 points or 1.50% at 5,784.25 with 45 components posting rise. Rakesh Goyal, senior vice president, Bonanza Portfolio said, ''In coming sessions, 5,800 shall be crucial deciding level in near term, and index is likely to witness further buying above this level. Above 5,800, likely target is 5,850-5,875, while below 5,750, likely support is 5,720-5,690.''
Sensex Movers
I C I C I Bank contributed rise of 48.82 points in the Sensex. It was followed by Reliance Industries (29.03 points), Tata Motors (24.26 points), Tata Consultancy Services (20.87 points) and Larsen & Toubro (19.67 points).
However, I T C contributed fall of 4.89 points in the Sensex. It was followed by Tata Steel (4.65 points), Bharat Heavy Electricals (1.28 points), NTPC (0.3 points) and Sun Pharmaceutical Industries (0.12 points).
Major gainers in the 30-share index were Sterlite Industries (India) (4.47%), Hindalco Industries (4.29%), Tata Motors (3.73%), I C I C I Bank (3.36%), Wipro (3.30%), and Cipla (2.95%).
On the other hand, Tata Steel (1.69%), Bajaj Auto (0.64%), Bharat Heavy Electricals (0.63%), I T C (0.26%), and NTPC (0.10%) were the major losers in the Sensex.
Mid & Small-cap Space
The BSE Midcap and Smallcap index rose 1.66% and 1.11% respectively.
Sectors in Limelight
The Realty index was at 1,947.03, up by 59.08 points or by 3.13%. The major gainers were Indiabulls Real Estate (5.54%), D L F (3.57%), Housing Development and Infrastructure (3.33%), Godrej Properties (3.03%) and Anant Raj (2.7%).
The Metal index was at 9,128.59, up by 235.50 points or by 2.65%. The major gainers were Hindalco Industries (4.29%), Jindal Steel & Power (2.72%), JSW Steel (1.5%), Coal India (0.75%) and Bhushan Steel (0.52%).
The Bankex index was at 13,528.53, up by 251.40 points or by 1.89%. The major gainers were Bank Of India(2.15%), Canara Bank (0.94%), H D F C Bank (0.81%), Bank Of Baroda (0.65%) and Federal Bank (0.28%).
Market Breadth
Market breadth was positive with 1,711 advances against 1,174 declines.
Value and Volume Toppers
Essar Oil topped the value chart on the BSE with a turnover of Rs. 542.00 million. It was followed by NHPC (Rs. 490.19 million), United Spirits (Rs. 450.30 million) and Adani Power (Rs. 373.41 million).
The volume chart was led by NHPC with trades of over 24.51 million shares. It was followed by Adani Power (8.06 million), Essar Oil (6.16 million) and I F C I (4.12 million).
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