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continued to trade on a bouyant note on hopes of a peace deal ahead of the planned Russia-Ukraine diplomatic talks. The sharp drop in crude
and strong leads for BJP in the state results has further aided the bullish sentiment.
The BSE benchmark index, the Sensex, opened with a huge gap-up of almost 1,600 points at 56,242, and was up around 1,350 points near 56,000-levels. The NSE Nifty had reclaimed the 16,700-level, and was up nearly 400 points.
Financial stocks were leading the Sensex index’s gains with Axis Bank, SBI, Bajaj twins, IndusInd Bank and ICICI Bank being the front runners.
Beaten-down financial shares were leading the rally, with the likes of Axis Bank, IndusInd Bank, Bajaj Finserv, ICICI Bank, SBI and Bajaj Finance rallied 4-6 per cent each. Auto, FMCG and Capital Goods stocks too logged strong gains, while IT stocks were seen on slippery ground.
The broader markets too were seen moving in tandem with the benchmark indices. The BSE Midcap and Smallcap indices were up 1.8 per cent and 2.2 per cent, respectively. The overall breadth was extremely positive with more than six advancing shares for every declining stock on the BSE.
Sectorally, the BSE Bankex soared over 4 per cent, and the Realty index surged 3.6 per cent. The Auto, FMCG, Capital Goods, Consumer Durables and Power indices were the other prominent gainers.
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