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Samvat 2070 ends, saw Sensex make 5-year high gain of 26.12%

In Samvat year 2070, the Sensex has flared up by 5,547.87 points or 26.12 per cent, biggest gain in last five Samvat years.

In Samvat year 2065, it had gained 8,813.26 points or 103.57 per cent. In a firm but range bound trade, buying was seen across the board as all 12 sectoral indices closed with gains between 0.06 per cent and 2.97 per cent with auto, capital goods and pharma counters taking the lead in the surge.

Second-line stocks too attracted good buying, indicating renewed support from retail investors.
The benchmark S&P BSE Sensex resumed strong with a wide upside gap of over 200 points in line with firm Asian cues and later moved in a narrow range of over 100 points before ending at one-month high of 26,787.23, revealing a rise of 211.58 points or 0.80 per cent. Previously, it had closed at 27,206.74 on 22 September, 2014. In straight four sessions, it has gained 787.89 points or 3.03 per cent. The broad-based 50-issue CNX Nifty of the NSE also rallied by 68.15 points or 0.86 per cent to end at almost one-month high of 7,995.90. It has touched an intra-day high of 8,005.00.

Meanwhile, the provisional data released by the stock exchanges showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 32.40 crore on Tuesday.

Asian stocks, except China, closed firm, following overnight bullish US market amid upbeat quarterly results from tech giant Apple and talk of stimulus in Europe. Key indices from Hong Kong, Japan, South Korea and Taiwan finished higher between 1.09  per cent and 2.64 per cent.

European stocks were trading mixed in their early trade, as some earnings reports missed estimates, outweighing speculation the European Central Bank will boost stimulus. Key indices in France and UK moved down by 0.13 per cent to 0.22 per cent while Germany's DAX was quoted slightly higher at 0.03 per cent.  Jignesh Chaudhary, Head of Research, Veracity Broking Services said,’ Local Indian equities continued to trade strong for the day with the help of blue chip companies taking cues from strong global equities as better than expected U.S data and the speculation that the ECB will pump more stimulus in local market turned the sentiments positive overnight.’

21 scrips out of the 30-share sensex ended higher while only nine finished lower. Major gainers were Hero Motoco (4.03 per cent), Tata Motors (3.54 per cent), Maruti (3.44 per cent), Cipla (3.43 per cent), Bajaj Auto (3.43 per cent), Larsen (2.59 per cent), M&M (2.58 per cent), Dr Reddy's Lab (2.13 per cent), BHEL (1.89 per cent), Reliance Ind (1.81 per cent), Wipro (1.47 per cent), Sun Pharma (1.25 per cent) and HUL (1.02 per cent) while ONGC dropped by 1.97 per cent, ITC 0.65 per cent, NTPC 0.58 per cent, Coal India 0.58 per cent. Among the S&P BSE sectoral indices, Auto rose by 2.97 per cent followed by CG 2.08 per cent, HC 1.67 per cent and CD 1.16 per cent. Market breadth remained positive as 1,784 stocks ended with gains while 1,031 finished lower.
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