Mumbai: Snapping a two-day fall, the S&P BSE Sensex Thursday rose by 233 points to end at 19,410.84 on value-buying in bluechips including ITC, TCS, Infosys and RIL, amid firm global cues ahead of ECB's interest rate meeting.
Shares from IT, FMCG, Teck, Realty, Consumer Durable and Refinery segments attracted good buying support and were at the forefront of the comeback. In all, 11 out of 13 sectoral indices closed up with gains of up to 2.73 percent.
Investors became richer by Rs 52,000 crore as nearly 1,250 stocks notched up gains on BSE today.
The Bombay Stock Exchange 30-share barometer resumed higher and remained in positive terrain throughout the day to settle at 19,410.84, a rise of 233.08 points or 1.22 percent.
In past 2 days, Sensex had plunged by almost 400 points due to capital outflows and a weak rupee. The local currency was last trading at 60.16 against Wednesday's close of 60.21.
The broader 50-issue CNX Nifty of the NSE also recovered by 66.05 points, or 1.14 percent, to end at 5,836.95. Also, SX40 index, the flagship index of MCX-SX, closed 152.2 points, or 1.33 percent, higher at 11,565.58.
The most influential ITC was in limelight and shot up by 3.74 percent, contributing heavily to Sensex's rise. IT stocks like Infosys, TCS and Wipro rose by 2-3 percent as a weak rupee and signs of improving US economy triggered buying.
Other Sensex-based counters like RIL, Tata Motors, HUL, Bharti Airtel and HDFC also were back in demand.
Second-line scrips underperformed Sensex following lack of interest by retail investors with BSE-Midcap and Smallcap indices ending 0.5 percent and 0.2 percent up, respectively.
Asian stocks closed mixed with upward bias after better- than-expected US economic data spurred gains on Wall Street yesterday. Europe was quoting strong in their early trade ahead of policy decisions from the European Central Bank (ECB) and Bank of England (BoE).
However, strengthening yen dragged down Japanese scrips.
Key benchmark indices in China, Hong Kong, Singapore and South Korea closed higher in 0.59-1.60 percent range.
In Europe, France's CAC was trading up by 0.84 percent, Germany's DAX by 0.65 percent and the UK's FTSE by 0.96 percent. US markets will remain shut Thursday on account of their Independence Day holiday.
Talking about Indian markets, Kishor P Ostwal, CMD, CNI Research said: "Nifty after giving weak guidance for last couple of days (trailing below 200 DMA) made a smart U-turn and closed above 200 DMA. Short covering can take Nifty to 5950- 5980. Support lies at 5828 and if it breaks, then 5755."
In Sensex, 20 scrips out of the 30 constituents ended up.
Besides ITC, other major winners were Tata Power (3.58 percent), TCS (3.26 percent), Tata Motors (2.80 percent), Bharti Airtel (2.38 percent), Infosys (2.29 percent), HUL (2.27 percent), Wipro (2.13 percent), Gail India (1.46 percent), RIL (1.33 percent), Hindalco (1.11 percent) and Sun Pharma (1.04 percent).
However, Tata Steel was down 1.7 percent, BHEL 1.6 percent, Sterlite Ind 1.1 percent and Bajaj Auto 1.02 percent.
Among the sectoral indices, S&P BSE-IT rose by 2.73 percent, followed by S&P BSE-FMCG (2.69 percent), S&P BSE-Teck (2.35 percent), S&P BSE-Realty (1.56 percent) and S&P BSE-CD (1.23 percent).
Market breadth turned positive as 1,249 stocks finished up while 1,041 stocks ended down. 140 stocks ruled steady. The total Market turnover dropped to Rs 1,864.94 crore from Rs 1,922.79 crore yesterday.
Meanwhile, Foreign Institutional Investors (FIIs) pulled out Rs 705.06 crore yesterday as per provisional data from the stock exchanges.