Clearly the stimulus effect of the ECB in the domestic markets is being witnessed. After ECB's decision the Indian market are also joined global rally. Sensex and the Nifty rose by 1 percent. Nifty first time has managed to go beyond 8850 level, the Sensex gained 350 points.
Midcap and smallcap stocks, there is also good shopping. All the index of BSE are in green, but most purchases are seen in realty, capital goods, banking, auto and FMCG stocks.
The BSE 30-share index Sensex gained 352 points with 1.25 percent is trading at 29358. NSE Nifty 50-share index 93 points i.e with 1 percent growth is trading at 8855 levels.
During the market HDFC, Tata Motors, DLF, SBI, Axis Bank and Sun Pharma like giant stocks have gained 2.8 to 1.9 percent. However, Cairn India, HCL Tech, GAIL and Kotak Mahindra Bank like heavyweight stocks has weakened 0.7 to 0.15 percent.
In midcap stocks Dish TV, RCF, KSK Energy, Indiabulls Real Estate and Mahindra Holidays gained most from 3.9 to 2.9 percent. Smallcap stocks Hitachi Home, V-Mart Retail, Warren T, butterfly and International Paper rose highest from 7.8 to 5.8 percent.
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