The stocks markets made some historic moves today breaking the old records and made some new ones. It was truly the biggest day for Indian capital stock markets. The benchmark indices have outperformed the broader markets. After a dull start victory came in with stock market Sensex hitting the 18,000 mark today. This came in as a surprise after the news that UPA, Left to meet again on US Nuke Deal on October 22.
It was absolute heady for the bulls making biggest intra day gains in the markets. Despite all the political turbulence which markets seem to be ignoring it and making new records by not just touching new highs but has registered some stocks record gains on record high turnover.
Sensex logged biggest intra day absolute gains ever. Stock market was up nearly 800 points and Nifty surged over 250 points. Sensex saw gains of 1000 points from the day's low with the backdrop of political unceratinty.
Sensex not only hit the 18,000 mark but was well above that level as the day moved ahead. The cushion was of 300 points and the Sensex pushed towards 18,300. Nifty saw a surge of 350 points from the day's low moving towards 5350 mark. 20-25 points premium was seen in Nifty futures. All the BSE sector indices ended in green up over 2%.
In stock markets journey from 17K to 18K, IT stock which were the laggards have contibuted significantly. Infosys, Satyam, Wipro ad TCS stocks were among the top contributors followed by capital good stocks like L&T and BHEL and oil & gas stocks, Reliance leading the pack.
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