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Fri, Nov 14, 2025 | Jumada al-Awwal 23, 1447 | Fajr 05:15 | DXB 
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Sensex soars 349 points on sustained buying
MUMBAI - The benchmark indices opened with a huge negative gap yesterday on bearish cues from the US markets. However, the market moved higher in the later half of the trading session as buying intensified after Asian markets recovered. European markets, which opened after Indian markets, were trading in the green.
- By:
- Our Correspondent (BSE REPORTS)
The 30-share BSE Sensitive Index (Sensex) opened with a negative gap of 226 points at 17,541 and soon slipped to a low of 17,445 - down 322 points from the previous close. Buying at lower levels saw the Sensex recoup losses and move into positive zone as the day progressed. The closing levels crossed the 18,000-mark and touched a high of 18,143 - up 698 points from the day's low. The Sensex finally ended with a gain of 2 per cent (349 points) at 18,115. Major support to the market came in from the metal and oil sector stocks. Buying was witnessed in mid-caps and small-caps, as reflected in the strong market breadth.
From a recent low of 16,608.01 on Tuesday, the Sensex shows an advance of 1507 points or 9.07 per cent in three trading sessions.
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The Mid-cap index surged nearly 2 per cent (139 points) to 7,592, and the Small-cap index rallied 2.3 per cent (213 points) to 9,408. The BSE Metal and Realty indices gained 3.5 per cent each at 16,167 and 10,497. The Oil & Gas index moved up 3 per cent to 11,269. The NSE Nifty gained almost 2 per cent (101 points) at 5,303.
The BSE market breadth was fairly positive - out of 2,793 stocks traded, 1,983 advanced, 763 declined and the rest were unchanged yesterday. BSE clocked a turnover of Rs63.72 billion from Rs57.36 billion on Thursday. The Nifty February 2008 futures were at 5276.90, at a discount of 26 points as compared to the spot closing of 5302.90. The NSE's futures & options segment turnover was Rs426.76 billion from Rs379.73 billion on Thursday.
The market leader Reliance Industries gained 3.02 per cent at Rs2,591. The company has reportedly secured approval from the Supreme Court to build part of an underground pipeline from the Krishna Godavari basin through a bird sanctuary. ICICI Bank rose 2.48 per cent to Rs1,191.
Hindalco Industries made an impressive gains for the day (up 9 per cent to Rs178.50). Others top market movers were Tata Steel (up 5.12 per cent to Rs818.50), Bajaj Auto (up 4.78 per cent to Rs2,174.75), State Bank of India (up 4.21 per cent to Rs2,297.95) and Ranbaxy Laboratories (up 4.20 per cent to Rs396.15).
The prominent Sensex losers were Maruti Suzuki (down 2.13 per cent to Rs812.75), Grasim Industries (down 1.13 per cent to Rs2,814.20), TCS (down 0.30 per cent to Rs871.50), Ambuja Cements (down 0.30 per cent to Rs115.85) and Satyam Computer (down 0.05 per cent to Rs438.20).
Reliance Power topped the value charts and recovered further 3.96 per cent to Rs384.70 on a business of Rs4.44 billion and a volume of 11.7 million shares on the BSE. Reliance Capital gained 4.33 per cent to Rs2080.95. Reliance Capital Asset Management Company yesterday said it has mopped up Rs56.6 billion in its new fund offer - Reliance Natural Resources Fund.
The BSE Metal index rose 3.49 per cent to 16,167. Hindustan Zinc (up 4.53 per cent to Rs591), Jindal Saw (up 4.12 per cent to Rs822), Ispat Industries (up 3.69 per cent to Rs43.60), National Aluminum Company (up 3.52 per cent to Rs362) and Steel Authority of India (up 3.32 per cent to Rs221).
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