Sensex closes above 9250 level

New Delhi: The market witnessed a smart rally. The Sensex ended up over 130 points. The Nifty ended up over 35 points. Gains were seen in FMCG, banking, auto, technology, metal, oil, pharma and capital goods stocks.

The market witnessed a smart rally. The Sensex ended up 130.23 points at 9263.90. It touched an all-time high of 9274.19.

The Nifty ended up 36.10 points at 2812.30. It touched life-time high of 2815.30.

The CNX Midcap Index closed up 41.05 points at 3972.40. It touched an all-time high of 3975.60.

The BSE Small Cap Index closed up 4.86 points at 5853.13. The BSE Midcap Index closed up 18.48 points at 4382.39.

The market breadth was negative, about 1129 shares advanced, 1310 shares declined, and 67 shares remained unchanged. The total market turnover was at Rs 33538.9 crore.

The volumes were surged in the NSE F&O segment in late trade to Rs 21,392.61 crore. The Nifty Futures ended at a discount of 9 points. It added 24 lakh shares in Open Interest. IDBI, Reliance Capital, BOI, SBI, Tata Motors, Ashok Leyland, Suzlon, Century Textiles and VSNL were the top trades.

FIIs were net buyers of Rs 184.34 crore in Nifty Futures and Rs 67 crore in F&O on December 12.

Experts say that the markets will pick up in January during results and budget. The markets could touch the 9500 level on the Sensex then.

The BSE FMCG Index outperformed the other indices in the whole session today. It closed up 1.53 per cent at 1618.10 amid buying in ITC, Dabur India, Britannia, HLL, Tata Tea, Nirma and Nestle.

Auto stocks including Tata Motors, Escorts, M&M, Maruti Udyog, Cummins, Asahi India, TVS Motor, Apollo Tyres and Ashok Leyland also ended higher. The BSE Auto Index closed up 1.40 per cent at 4234.01.

Banking stocks like Bank of India, Kotak Mahindra, Union Bank, SBI, Canara Bank, IOB, UTI Bank, Bank of Baroda and PNB also firmed up. The BSE Bankex closed up 1.31 per cent at 4967.26.

The BSE IT Index closed up 1.21% at 3638.11 due to gains in HCL Info, Wipro, Satyam, HCL Tech, TCS, Infosys, Patni Computer and Moser Baer.

Metal stocks like Jindal Steel, Nalco, Gujarat NRE Coke, Sesa Goa, Sterlite Ind, Tata Steel and Hindalco also ended in the green. The BSE Metal Index closed up 1.20 per cent at 6235.79.

Oil stocks including ONGC, BPCL, Reliance, IOC, MRPL, Kochi Refineries and Petronet LNG also surged. The BSE Oil & Gas Index closed up 0.97 per cent at 4331.26.

The BSE Capital Goods Index closed up 0.88% at 5721.43 as capital goods stocks like Siemens, Crompton Greaves, Aban LoydChiles, Lakshmi Machine, L&T, BEML, BHEL, Dredging Corporation and ABB also moved up.

Pharma stocks including Matrix Labs, Apollo Hospital, Ranbaxy Labs, Cadila Health, Sun Pharma, Wyeth and Orchid Chemical also witnessed buying interest. The BSE Healthcare Index closed up 0.30% at 3103.

Sugar sector was the biggest gainer today. Sugar stocks like Bajaj Hindustan, Balrampur Chini, Bannariamman, DCM Shriram Ind, DSM Agro Product, Dhampur Sugar, Dharani Sugars, Dwarikesh Sugar, EID Parry, JK Sugars, KM Sugar Mills, Kesar Enterprises and Mawana Sugar also spurted up.

Some cement, media, tea and telecom stocks also gained.

However, Consumer durables stocks like Videocon International, Samtel Color, Titan Industries and BPL tumbled. The BSE Consumer Durables Index closed down 0.60 per cent at 3324.64.

Selling was also seen in hotel, shipping and paper stocks.