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The Bombay Stock Exchange benchmark Sensex surged by over 271 points to 18,503.28 today, with realty, banking and FMCG stocks leading the rally despite weak GDP data for the January-March quarter.
Brokers said the domestic market sentiment was boosted by a firming trend in the Asian bourses and the European markets on Greece bailout hopes.
The Sensex, which had lost 34.04 points in the previous session, jumped by 271.22 points or 1.49 per cent to 18,503.28 with all the sectoral indices closing in positive zone.
In a similar fashion, the broad-based National Stock Exchange index Nifty regained the psychological 5,500 mark, gaining 87.05 points, or 1.59 per cent to 5,560.15.
However, the slowdown in the country’s economy, which grew by just 7.8 per cent in the fourth quarter ended March last fiscal against 9.4 per cent in the year-ago period, restricted the gains.
Reliance Industries gathered 1.28 per cent to Rs 951.75, while Infosys Technologies shot by 0.42 to Rs 2,791.85.
The realty sector index gained the most; it surged by 2.53 per cent to settle at 2,177.97, followed by FMCG which ended 2.25 per cent higher at 3,858.14. The banking sector index also closed in positive territory with a rise of 2.13 per cent to 12,543.00.
Buying activity also spread to small and mid-cap stocks, helping the mid-cap index to gain 1.8 per cent to 6,910.24 while the small-cap index climbed 0.99 per cent to 8,235.72.
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