Mumbai: Extending gains for third day, the BSE benchmark Sensex Friday closed nearly 194 points higher at over one-week high of 18,755.45 on heavy buying, especially in capital goods, auto and bank shares, amid buoyant global stock markets on upbeat overnight US economic data.
The Sensex, which had gained over 130 points in last two trading sessions, rose further by 193.75 points, or 1.04 percent to close at 18,755.45 -- its highest since October 25 when it ended at 18,758.63.
Around 26 stocks in the 30-share index closed with gains led by Gail, Bajaj Auto, L&T and ICICI Bank. FMCG major ITC, also the most influential among Sensex constituents, rose 1.58 percent helping the market cement Friday's gains.
Likewise, the 50-share NSE index Nifty rose by 52.65 points, or 0.93 percent, to close at 5,697.70.
"...Positive US economic data released recently boosted the buying. Indian market breadth was positive and volumes were also higher. European and Asian indices also traded higher and underpinned the positive sentiment," said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio.
On Thursday, October data on US consumer confidence showed a rise to 72.2 and the Institute for Supply Management's survey of US manufacturing showed a bigger-than-forecast climb.
This helped Asian shares end higher today after the overnight data suggested stabilisation in global recovery. Key benchmark indices in China, Hong Kong, Japan, South Korea, Taiwan and Singapore rose between 0.43-1.33 percent.
Brokers also said domestic trading sentiment was bolstered after Wipro reported 23.8 percent growth in net profit for the second quarter. Its shares closed one percent higher and rest of the IT pack led by TCS and Infosys also made gains.
Capital goods stocks, including L&T and Bhel, were among the best performers on the back of fund inflows while realty, auto and metal stocks also gave investors reasons to smile.
The BSE capital goods sector index topped the sectoral charts today with a rise of 1.74 percent. All the 13 sectoral indices closed with gains. Overall, over 1,540 stocks closed higher, 1,320 scrips ended lower while 139 were unchanged.
After opening strong, European stocks declined in their afternoon trade as investors awaited US monthly jobs report before Presidential elections next week. Key benchmark indices in France, Germany and UK shed between 0.10-0.23 percent.
Back home, 26 stocks finished higher in Sensex while the other four ended with losses. Major gainers were Gail India (3.75 percent), Bajaj Auto (2.90 percent), ICICI Bank (2.12 percent), Hero MotoCorp (2.11 percent), M&M (2.08 percent), Sterlite Ind (1.86 percent), SBI (1.81 percent), NTPERCENT 1.66 percent), ITC (1.58 percent) and TCS (1.37 percent).
Kishor P Ostwal, CMD, CNI Research said: "Market crossed the much sought after resistance of Nifty Futures 5730 which has now opened the doors of last resistance of 5820, the immediate top made by Nifty in September."
Hindalco (1.33 percent), BHEL (1.13 percent), Infosys (1.12 percent), Tata Motors (1.10 percent), Wipro (0.98 percent) and Tata Steel (0.96 percent) also notched up good gains.
Among the four losers in Sensex, Bharti Airtel dipped by 2.12 percent and HUL lost 0.80 percent. Across sectors, BSE- CG shot up by 1.74 percent, followed by BSE-PSU (1.52 percent), BSE-Auto (1.49 percent), BSE-Bankex (1.30 percent) and BSE-IT (1.15 percent).
The total turnover rose to 2,192.87 crore from Rs 1,987.22 crore on Thursday.
Meanwhile, FIIs bought shares worth a net Rs 334.61 crore on Thursday as per provisional data from the stock exchanges.
First Published: Friday, November 2, 2012, 17:13