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The Nifty and the Sensex rallied strongly on sentiments that Europe would act firmly to resolve its debt crisis.
The Nifty closed at 5,200, up 100 points (1.96 per cent). The Sensex closed at 17,144, up 305 points (1.81 per cent).
“Global cues were positive today with the Dow regaining the 13,000 mark for the first time since May 2012. There is expectation that the European Central Bank may announce some strong measures to contain the Euro Zone crisis,” said Sanjeev Zarbade, Vice-President, Private Client Group Research, Kotak Securities. “Closer home, rate-sensitive sectors (banks and auto) may move depending upon the outcome of the monetary policy meeting.”
The rally was led by power, realty, capital goods, banks, financial services, consumer durables, auto, infrastructure and metal sector stocks.
FIIs bought equity worth Rs 929 crore. Domestic institutions were net sellers of equity worth Rs 234 crore. Retail investors on the BSE also were net sellers for Rs 80 crore.
All the indices on the NSE and the BSE closed in the green.
Volatility was up one per cent and the volatility index India Vix closed at 16.6.
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