After a session of wide fluctuationd, bulls were back today with a vengeance, covering short positions. The realty pack was in demand after being in the dumps in recent weeks. Sentiment got a lift after realty major DLF said it will consider a share buyback on July 10. All sectoral indices, barring FMCG, posted significant gains.
Bombay Stock Exchange’s Sensex ended 5.51 per cent or 714.62 points at 13,676.30 after sharp swings to a high of 13,712.31 from an intra-day low of 12,822.75. National Stock Exchange’s Nifty settled at 4105.55, up 5.36 per cent or 208 points. The index touched a high of 4107.15 and low of 3848.25 intra-day.
The BSE Midcap and Smallcap indices ended 3.67 per cent and 2.18 per cent respectively. Biggest index gainers were DLF (up 15.11%), HDFC (10.82%), Reliance Infrastructure (10.25%), ONGC (7.81%) and Larsen & Toubro (7.05%).