Benchmark domestic equity indices ended the week on a firm note rising nearly one percent. Market sentiment was boosted by a more than expected 50 basis points cut in repo rate and a 100 basis points cut in the Cash Reserve Ratio by RBI in it monetary policy. This easing of monetary policy to boost growth triggered a sharp rally in banking, auto and real estate stocks. The 30-share index at the Bombay Stock Exchange, Sensex, surged 747 points or 0.92 percent to close at 82,189. The National Stock Exchange’s Nifty-50 also climbed 252 points or 1.02 per cent to close at 25,003.
The broader market indices also showed an upward trend. BSE Mid-Cap index rose 0.91 per cent, while the Small-Cap index closed with a 0.43 per cent gain.
In the Sensex index, 28 out of 30 companies ended with gains. Among the top gainers, Bajaj Finance rose 5.01 per cent, Axis Bank gained 3.11 per cent and Maruti added 2.64 per cent. The only two stocks to lose today were SunPharma with 0.1 percent fall and Bharti Airtel which lost 0.39 percent.
In Sectoral Indices at the BSE, 19 out of 21 sectors closed in green territory. Among the top gainers Realty surged 4.74 per cent, Finance gained 1.79 per cent, and Metal sector added 1.56 per cent. On the other side, the only two sectors to fall today were Capital Goods with 0.3 per cent lost and Industrials which slipped 0.08 per cent.
The overall market breadth at the BSE was positive as shares of 2,278 companies advanced, shares of 1,744 companies declined, while shares of 134 companies remained unchanged. At the National Stock Exchange, 95 companies hit their 52-week high, while 18 hit their 52-week low.