Sensex closes 373 points up;

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Mumbai: As the Ganapati festival starts, there is a tremendous growth in the market. The Nifty has managed to close close to 11,500, while the Sensex has seen an increase of more than 400 points. The Sensex closed above 38,000. The Sensex has gained 1% and the Nifty 1.3 percent has gained strength. The BSE 30-share index Sensex has closed 373 points, which is 1 per cent higher at 38,091 level. On the other hand, NSE’s 50-share index Nifty closed at 145 level, i.e. 1.3 percent, at 11,515 level.

The mid-caps and smallcap stocks were also seen as passionate. The BSE mid-cap index has gained more than 1.5 percent to close at 16,350 level. The Nifty mid-cap 100 index closed at 19,389 with a surge of 1.8 percent. BSE’s Smallcap index climbed 1.4 percent to 16,671 levels. Banking, auto, metal, pharma, realty, consumer durables, capital goods, oil and gas and power stocks have seen strong buying. Bank Nifty closed at 27,164 level with strong 1.3 percent. However, today IT stocks have seen pressure.

Indiabulls Housing, BPCL, Vedanta, HPCL, ULL, Power Grid, Asian Paints, NTPC and Yes Bank have risen sharply by 7.2-2.8 per cent in the giants. However, in the giants, Coal India, HCL Tech, Infosys have closed down by 1.5-1 per cent. In the midcap stocks, Wockhardt, M & M Finance, Tata Global Beverages, Oberoi Realty and Dalmia India climbed to 7.7-4.5 per cent. However, in the midcap stocks, Endurance Tech, Cummins, Amara King batteries, Alchem and Amphysis have been rolled down by 2.2-1.6%.

In smallcap stocks, Dalmiya Sugar, Den Networks, Dhampur Sugar, Dwarkish Sugar and Triveni Engineering have climbed up to 20-14.3 per cent. However, Ashoka Buildcon, IL & FS Transport, IntraSoft Tech, Supreme Infra and Feders Electric have fallen short of 9-5 per cent in smallcap stocks.

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