Sensex gains 211 points, auto stocks zoom

5 Dariya News

Mumbai 22-Oct-2014

A benchmark index of Indian equities markets closed Wednesday's trade up 211.58 points or 0.80 percent on the back of positive global cues and domestic reform process which picked pace with announcements of coal block auctions and diesel deregulations.All the sectors ended the day's trade in green and the rally was led by auto, capital goods, healthcare and consumer durables sectors.The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,782.57 points, closed the day's trade 26,787.23 points, up 211.58 points or 0.80 percent from the previous day's close at 26,575.65 points.The Sensex touched a high of 26,818.33 points and a low of 26,712.21 points in intra-trade.

“The market rallied strongly on the back of positive global cues and positive investor sentiment," said Sanjeev Zarbade, vice president - private client group research, Kotak Securities."Capital goods stocks also performed well as they responded to the government actions related to coal block auctions. Other reforms like diesel deregulation and gas price hike also aided investor sentiment.”The S&P auto index surged by 519.45 points, capital goods index gained by 307.33 points, healthcare index moved up by 227.89 points and consumer durables index increased by 110.04 points.The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed trade up 68.15 points or 0.86 percent at 7,995.90 points.

The major Sensex gainers were: Hero MotoCorp, up 4.03 percent at Rs.3,115.95; Tata Motors, up 3.54 percent at Rs.519.45; Maruti Suzuki, up 3.44 percent at Rs.3,181.70; Cipla, up 3.43 percent at Rs.626.90; and Bajaj Auto, up 3.43 percent at Rs.2,496.10.The losers were: ONGC, down 1.97 percent at Rs.400.05; ITC, down 0.65 percent at Rs.349.15; Coal India, down 0.58 percent at Rs.146.70; and ICICI Bank, down 0.43 percent at Rs.1,570.85.Among the Asian markets, Japan's Nikkei closed 2.64 percent up, Shanghai Composite Index ended lower by 0.56 percent and Hong Kong's Hang Seng gained 1.37 percent. In Europe, London's FTSE 100 was trading 0.10 percent up and the French CAC 40 Index was ruling higher by 0.20 percent at the closing bell here. Germany's DAX Index was moved up by 0.23 percent.