The Nifty began the first day of July series with a bang and closed nearly 150 points up as sentiment turned bullish following government's approval for gas price hike. Positive cues from global markets also provided support to the benchmarks.
Morgan Stanley called the governments' move as "path breaking" reform for the oil & gas sector after partial deregulation of diesel. It is of the view that ONGC's EPS could jump by 25 per cent in FY15 while for Reliance Industries, the move may result in a gain of 4 per cent in EPS in FY15.
The 50-share index ended at 5,842.2, up 159.85 points or 2.81%. It touched a high of 5,852.95 and a low of 5,749.50 in trade today.
The S&P BSE Sensex closed at 19,395.81, up 519.86 points or 2.75%. It touched a high of 19,432.94 and a low of 19,093.18 in trade today.
The S&P BSE Midcap Index was up 2.42 per cent and the S&P BSE Smallcap Index was 1.45 per cent higher.
The S&P BSE Metal Index surged 4.64 per cent, the S&P BSE Power Index was 4.57 per cent higher, the S&P BSE Capital Goods Index advanced 4.23 per cent and the S&P BSE Auto Index gained 3.18 per cent.
Jindal Steel (7.40 per cent), BHELBSE 6.90 % (7.33 per cent), Reliance Infrastructure (6.53
per cent), BPCLBSE 5.74 % (6.32 per cent), Tata Power
BSE 5.71 % (6.20 per cent) and
Reliance IndustriesBSE 3.78 % (3.67 per cent) were among the top Nifty gainers.
According to CLSA report, Reliance Industries will be one the 'neatest beneficiary' as the price hike is likely to give a huge boost to investor sentiment related to its E&P business prospects.
HCL Tech (2.81 per cent), Ranbaxy LaboratoriesBSE -2.41 % (2.39 per cent) and Hindustan
UnileverBSE -0.67 % (0.54 per cent) were the only index losers.
The market breadth was positive on the NSE with 693 gainers against 190 losers.
The foreign institutional investors sold shares worth Rs 1,043.27 crore and domestic institutional investors bought equities worth Rs 358.38 crore on Thursday as per the provisional data from the National Stock Exchange.
Morgan Stanley called the governments' move as "path breaking" reform for the oil & gas sector after partial deregulation of diesel. It is of the view that ONGC's EPS could jump by 25 per cent in FY15 while for Reliance Industries, the move may result in a gain of 4 per cent in EPS in FY15.
The 50-share index ended at 5,842.2, up 159.85 points or 2.81%. It touched a high of 5,852.95 and a low of 5,749.50 in trade today.
The S&P BSE Sensex closed at 19,395.81, up 519.86 points or 2.75%. It touched a high of 19,432.94 and a low of 19,093.18 in trade today.
The S&P BSE Midcap Index was up 2.42 per cent and the S&P BSE Smallcap Index was 1.45 per cent higher.
The S&P BSE Metal Index surged 4.64 per cent, the S&P BSE Power Index was 4.57 per cent higher, the S&P BSE Capital Goods Index advanced 4.23 per cent and the S&P BSE Auto Index gained 3.18 per cent.
Jindal Steel (7.40 per cent), BHELBSE 6.90 % (7.33 per cent), Reliance Infrastructure (6.53
per cent), BPCLBSE 5.74 % (6.32 per cent), Tata Power
BSE 5.71 % (6.20 per cent) and
Reliance IndustriesBSE 3.78 % (3.67 per cent) were among the top Nifty gainers.
According to CLSA report, Reliance Industries will be one the 'neatest beneficiary' as the price hike is likely to give a huge boost to investor sentiment related to its E&P business prospects.
HCL Tech (2.81 per cent), Ranbaxy LaboratoriesBSE -2.41 % (2.39 per cent) and Hindustan
UnileverBSE -0.67 % (0.54 per cent) were the only index losers.
The market breadth was positive on the NSE with 693 gainers against 190 losers.
The foreign institutional investors sold shares worth Rs 1,043.27 crore and domestic institutional investors bought equities worth Rs 358.38 crore on Thursday as per the provisional data from the National Stock Exchange.
