Stock Market Updates for the Day (10th August '11)
After six successive days of losses, the market turned positive and ended with strong gains today.
The sharp rebound on Wall Street overnight after the Federal Reserve pledged to keep rates at near-zero levels till mid-2013 buoyed up sentiment across global markets.
The Sensex, which shot up nearly 400 points in early trade, ended at 17,113.35 (provisional) with a gain of 255.44 points or 1.52%.
The Nifty closed at 5159.35, up 87.50 points or 1.7%.
IT stocks led the charge in morning trades and despite paring some gains later on, ended on a high note.
Automobile stocks rallied on reports of a likely cut in fuel prices.
Realty, consumer durables, bank and capital goods stocks too posted handsome gains.
Power and metal stocks found support as well.
Select pharma stocks moved up. Fertilizer stocks recorded hefty gains.
Oil and FMCG stocks were subdued in afternoon trade.
Midcap and smallcap stocks had a good outing.
The market breadth was strong.
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