The BSE Sensex and NSE Nifty ended the day up 357 points and 113 points respectively on strong global cues. Sensex closed at 17,503, while the Nifty closed at 5,333.
“The Indian sentiments were boosted after Greece completed its debt swap. There were partial expectations of positive news since yesterday. Banking and infrastructure stocks led the rally today,” said Mr Dharmesh Pancholi, Senior Manager- Advisory (Equity), Sharekhan.
Good news from the US and China improved the sentiments of the overall economy. Inflation in China slowed and the dollar strengthened during the day. Asian markets were up by nearly 1 per cent each. The American indexes were also up by nearly 1 per cent.
The next week will be highly anticipated by investors who will be keenly watching the Union Budget unfold. IIP numbers and RBI’s monetary policy will also be announced next week.
The top gainers on the BSE were Jindal Steel, Tata Steel and ICICI Bank, while the top losers were Wipro, ITC and Infosys.