Buoyed by better corporate earnings and strong global markets, a key index of Indian equities Wednesday soared 204 points to end at a 52-week high.
The 30-scrip benchmark index of the Bombay Stock Exchange, Sensex, which opened at 17,117.9 points, shut shop at 17,231.11 points, up 204.44 points or 1.2 per cent from the previous close of 17,026.67 Tuesday.
The S&P CNX Nifty of the National Stock Exchange (NSE) too ended in the green at 5,118.20 points, up 1.27 per cent.
Broader market indices also closed in the positive terrain, with the BSE midcap index moving up 1.96 per cent and the BSE small-cap index closing 1.54 per cent higher.
Metals, capital goods, auto and state-run firms’ scrip were the main drivers of Wednesday’s rally, while telecom companies came under selling pressure.
The market breadth was positive with 1,685 stocks advancing, 1,075 declining and 80 remaining unchanged.
Among the top gainers were M&M, up 6.12 per cent at Rs.971.40; Sterlite, up 5.38 per cent at Rs.852.40; Hindalco, up 5.04 per cent at Rs.135.35; and Jaiprakash Associates, up 5.01 per cent at Rs.252.35.
There were only five losers: Reliance Communications, down 6.54 per cent at Rs.231.60; Bharti Airtel, down 3.25 per cent at Rs.339.40; Reliance Infra, down 2.59 per cent at Rs.1,321.80; ACC, down 0.73 per cent at Rs.790.50; and Grasim, down 0.53 per cent at Rs.2,405.05.
Most other Asian markets ended strong.
The primary index of the Hong Kong Stock Exchange, Hang Seng, closed 419.12 points or 1.95 per cent higher at 21,886.48 points.
The Kospi, benchmark index of the Korean Stock Exchange, shut in the green as well at 1,649.09 points, up 20.16 points or 1.24 per cent.
At the Shanghai Stock Exchange, the composite index was ruling 1.17 per cent up at 2,970.53 points.
However, the Nikkei, a key index of the Tokyo Stock Exchange, closed 16.35 points or 0.16 per cent lower at 10,060.21 points.
European markets were ruling firm.
In Britain, the FTSE 100 index was ruling 1.94 per cent higher at 5,254.16 points, while its French peer, the CAC 40, was up 2 per cent at 3,877.55 points.
Germany’s DAX was ruling at 5,845.21 points, up 2.29 per cent.