Mumbai/New Delhi, May 16 (FN Agency) Amid favorable global cues and on-time arrival of Southwest monsoon in Kerala by May 31 has cheered the stock market today as the BSE sensex posted a huge gain of nearly 677 points to close at 73,663.72 or 0.93 per cent up from previous close. Strong buying was witnessed on many heavy weight counters including HDFC Bank, TCS, Airtel and Infosys, the 30-share index moved between red and green during the day. The National Stock Exchange (NSE) index Nifty also rose 203.30 points to close at 22,403.85. The NSE registered days high and low at 22,432.25 and 22,054.55 points, respectively. Sliding over 100 points on Wednesday, the Sensex recovered 351 points to open at 73,338.24. It went up 762 points to touch day’s high at 73,749.47 before closing at 73,663.72, surging 676.69 points from its last close. In today’s session, Capital Goods, Consumer Durable,Technology and Realty stocks sparkled. The Foreign Institutional Investors, however continued to sell equities.
They sold worth Rs 2833 crore in last trading session while the Domestic Institutional Investors (DIIs) bought equities to the tune of Rs 3,788 crore yesterdat, according to data available. Capital Goods was up by 2.05 per cent today followed by Consumer Durable by 1.90 per cent, Technology by 1.66 per cent and Realty by 1.59 per cent. In 30 scrips, 25 advanced while 5 declined. The Mid Cap index gained 1.07 per cent and Small Cap by 0.85 per cent. The gainers were M&M by 3.93 per cent to Rs 2,393; Bharti Airtel by 2.38 per cent to Rs 1,342.95; Tech Mahindra by 2.34 per cent to Rs 1,304.45; Titan by 2.13 per cent to Rs 3,338.05 and Infosys by 2.13 per cent to Rs 1,451. The losers were Maruti Suzuki by 2.16 per cent to Rs 12,500; Tata Motors by 1.15 per cent to Rs 936.35; SBI by 0.91 per cent to Rs 812.90 and Powergrid by 0.90 per cent to 312.15. Even, Asian Market was up as Federal Reserve may initiate a rate cut cycle because of softer inflation data in the US. Japan’s Nikkei rose by 1.37 per cent, South Korea’s Kospi by 0.82 per cent and Hong Kong’s Hang Seng by 1.56 per cent.