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| | December 21, 2011 | 5:30 PM | A pullback rally; Sensex zooms 510 points on global support
It was a strong pullback rally after five consecutive days of losses. The Sensex advanced by 510 points and the Nifty surged by 149 points | | | | | | | Major headlines | | | Indian indices
Today's big rally was led by healthy global cues after strong US housing starts data, unexpected improvement in the German business sentiment index and better-than-expected Spanish bond auctions.
Investors cheered encouraging data, with buying interest seen across the board. Banks, oil & gas, consumer durables, technology and metal stocks led the upmove. Strong gains in RIL, ICICI Bank, HDFC, HDFC Bank, Bharti Airtel, M&M and TCS contributed majorly in today's rally. During the day, the Nifty touched the 4700 mark.
Sensex movements: Buoyant global equities led the Sensex to open the trade 313 points higher at 15488 and remained in the positive territory for the rest of the day. The index maintained its uptrend on good buying interest and positive global cues. In the late trade, buying intensified across the board and strong gains in the European stocks led the index to touch the day's high of 15727. The The Sensex shot up by 510 points to settle at 15685 and the Nifty rose 149 points to close at 4693.
| | | INDEX PERFORMANCE |  | | | | | | | | MARKET INDICATORS | | | | | | | | | | | Indiabulls Real Estate | 46.95 | 10.86 | | | | | | | | | Pantaloon Retail | 129.85 | -4.84 | | | Indian Hotels | 52.35 | -3.86 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Market Outlook: In the US, Existing Home Sales and EIA Petroleum Status Report will be out on Wednesday | Market sentiment
The market breadth stood healthy. Of the 2867 stocks traded on the BSE, 1658 (57.83%) gained, 1097 (38.26%) fell and 112 (3.91%) were unchanged.
Viewing volumes
Wind turbine major - Suzlon Energy was traded the most, with over 0.47 crore shares changing hands on the BSE. Following that, a Jaypee Group firm - Jaiprakash Associates (0.41 crore shares), an India-based agri-business company - Jain Irrigation Systems (0.34 crore shares), one of the largest listed real estate companies in India - Indiabulls Real Estate (0.30 crore shares) and an India-based tyre manufacturer - Apollo Tyres (0.29 crore shares). | Sectoral & stock screening
All the 13 sectors closed strong. The top most gainers - BSE Bankex up by 4.92%, BSE CD up by 4.10%, BSE Oil & Gas up by 3.72%, BSE TECk up by 2.84% and BSE Metal up by 2.65%.
Among 'A' group stocks, top three gainers - Indiabulls Real Estate gained by 10.86%, Reliance Communications advanced by 8.76% JSW Steel shot up by 8.35%. Top three losers - Pantaloon Retail down by 4.84%, Indian Hotels Company dipped by 3.86% and IRB Infrastructure slipped by 3.49%. |  | | | | 
| Global signals
The European stocks rallied on Wednesday (December 21, 2011) as investors priced in an improvement in the economic outlook and looked forward to a big take up by banks of the European Central Bank's first-ever offer of three-year loans.
The Asian stocks ended higher on Wednesday encouraged by smooth debt sales in Spain and positive housing data in the United States. However, Shanghai Composite was the only loser.
The US stock index futures pointed to a higher open on the Wall Street on Wednesday. | | | | Visit www.sharekhan.com to manage your newsletter subscriptions | | |     | | |  | | |  | | | To know more about our products and services, click here. | | | | | |  | Sharekhan Ltd. Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. Tel: 022 - 61150000. BSE Cash-INB011073351; F&O-INF011073351; NSE - INB/INF231073330; CD - INE231073330; MCX Stock Exchange : CD - INE261073330 DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP000000662; Mutual Fund: ARN 20669. | | | | | | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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