MUMBAI, OCT 5: The benchmark BSE Sensex today xoomed 564.60 points to close at one and a half months high of 26,785.55 on speculation that the US Fed will not raise interest rates any time soon.
The rally in Indian shares was a part of the smart upmove seen in global stocks triggered by expectations that the US Federal Reserve will delay the first interest rate hike in almost a decade in wake of a lacklustre US jobs data.
The 30-share Sensex scaled the day’s high of 26,822.42 and closed 564.60 points at 26,785.55, a level last seen on August 21.
Sentiment was also upbeat as a number of banks announced a reduction in base rates during the past few days in the wake of a more-than-expected 50 basis points cut in the repo rate by the Reserve Bank of India.
The 50-share NSE Nifty also recorded second biggest rise on the calendar year by surging 168.40 points to close at 8,119.30.
Out of the 30 Sensex stocks, 26 ended with gains.
Among BSE sectoral indices, capital goods rose by 3.28 per cent followed by bankex 2.80 per cent, metal 2,49 per cent, power 2.31 per cent, auto 2.12 per cent, consumer durable 1.92 per cent, oil&gas 1.75 per cent, teck 1.37 per cent, IT 1.28 per cent and realty 1.14 per cent.
Small-cap and mid-cap indices also rose by 1.62 per cent and 1.79 per cent on buying support from retail investors.
The market breadth remained positive, as 2,001 stocks ended in the green while 792 finished in red while 99 ruled steady.
The total turnover moved up nearly to Rs 3,036 crore from Rs 2,937.37 crore on last trading session.
