MUMBAI: The domestic stock market managed to recover from a two-day fall today due to all-round buying amid positive signals from overseas.
The 30-share sensitive index Sensex of the BSE reached 49,398.29 points with a jump of 834.02 points, or 1.72 per cent. The National Stock Exchange’s Nifty also gained 239.85 points, or 1.68 percent, to close at 14,521.15.
Investors also bought heavily in medium and small companies. The BSE midcap gained 2.31 percent to 18,952.06 points and the smallcap gained 1.66 percent to 18,634.97 points.
The emphasis of all-round buying was such that shares of 27 out of 30 Sensex companies closed in the green mark. Nifty has also gained in 46 out of 50 companies.
In the Sensex, shares of Bajaj Finserv rose by six and a half percent, Bajaj Finance by five and a half percent, HDFC by three and a half percent and L&T, ICICI Bank and Sun Pharma by over two and a half percent. Tech Mahindra declined by half per cent.
Most of the major stock markets abroad remained in green mark. In Asia, Hong Kong’s Hangseng climbed 2.70 percent, South Korea’s Kospi 2.61 percent and Japan’s Nikki 1.39 percent, although China’s Shanghai Composite closed down 0.83 percent. Germany’s DAX gained 0.27 per cent and the UK’s FTSE rose 0.18 per cent in early trade in Europe.