Sensex rose 320 points to 65828

Reports of economic recovery in China, recovery in global markets as inflation eases in Europe

Mumbai: Indian stock markets rallied again over the weekend on the back of a recovery in Asian, European markets following a sharp fall in inflation in Europe along with a positive report of a recovery in the Chinese economy in September. After a rout in stocks on Thursday, funds today led heavy buying in Tata group companies Tata Motors, Tata Steel, and healthcare, metal-mining stocks along with frontline-index heavyweights Sun Pharma, NTPC, JSW Steel, and Sensex rallied at 643 at one point. showed a jump of .33 points. Nifty also jumped by 202.70 points. But in the last half hour of the trading session Sensex rose by 320.09 points to 65828.41 and Nifty spot rose by 114.75 points to close at 19638.30 due to profit booking by traders, players and selling in IT stocks. International crude oil prices remained strong with Brent near $96 and New York-Nymex crude at $92.50.

Stocks of Tata group companies rose: Tata Motors, Tata Steel, Tata Power, Tata Comm., Tata Chemicals rose

Funds bought heavily in shares of Tata group companies today. In which Tata Motors increased by Rs.16.10 to Rs.630.20, Tata Steel increased by Rs.2.10 to Rs.128.90, Tata Power increased by Rs.4.25 to Rs.262.30, Tata Communication increased by Rs.42.55 It increased to Rs.1932.75, Tata Chemicals increased by Rs.15.05 to Rs.1031.20, Tata Metalics increased by Rs.15.40 to Rs.963.85.

Credit growth data in August drives funds into banking stocks: BOB, State Bank, IndusInd rise

Funds bought heavily in select banking-finance stocks on the back of 38 per cent growth in banks' personal loans in August. The BSE Bankex index rose 332.63 points to close at 50174.68. Bank of Baroda increased by Rs.3.25 to Rs.214, State Bank of India increased by Rs.8.55 to Rs.598.50, IndusInd Bank increased by Rs.15.90 to Rs.1429.30, ICICI Bank increased by Rs.9.35 increased by Rs.952.05, Federal Bank increased by Rs.1.30 to Rs.147.40, Axis Bank increased by Rs.7 to Rs.1038.25, Canara Bank increased by Rs.1.70 to Rs.376.35.

Healthcare index jumps 618 points: Glenmark up Rs.77, Panacea up by Rs.11, JB Chemicals up by Rs.78

Funds bought broadly in healthcare-pharmaceuticals companies stocks today. Glenmark rose by Rs.76.85 to Rs.854.80, Panacea Biotech by Rs.10.90 to Rs.168.15, JB Chemicals by Rs.77.35 to Rs.1479.80, Piramal Pharma by Rs.4.50 to Rs. .102, Sun Pharma Advance by Rs.10.25 to Rs.233.35, Aurobindo Pharma by Rs.40.05 to Rs.914.05, Dr. Lal Pathlab by Rs.106.45 to Rs.2517.25, Granules India Rs.13.15 increased to Rs.354.75, Metropolis increased by Rs.53.70 to Rs.1458.85, Themis Medicare increased by Rs.64.95 to Rs.1825, Abbott India increased by Rs.769.45 to Rs.23158 . The BSE Healthcare Index rose 618.35 points to close at 28,497.52.

Vedanta rises Rs 14 to Rs 222 on Hind Zinc restructuring approval: Hindalco, Nalco, NMDC rally

Funds were buying broadly today on expectations of a big pick-up in demand for the metal with China reporting signs of an economic recovery in September and massive investment in the infrastructure sector at home. Hindustan Zinc gained Rs.10.70 to Rs.308.65, Vedanta rose by Rs.14.25 to Rs.222.50, Hindalco rose by Rs.26.35 to Rs.493.05, Nalco rose by Rs. .4.15 rose to Rs.97.23, NMDC rose by Rs.5.95 to Rs.147.85, Jindal Steel rose by Rs.18.25 to Rs.700.50, JSW Steel rose by Rs.9.95 to Rs.777. There were 90. The BSE Metal Index jumped 611.74 points to close at 23206.23.

Auto Stocks Pick Up: Hero MotoCorp, Tata Motors, Cummins, Bajaj Auto, Uno Minda rose

Funds were also buying stocks of automobile companies today. Hero Motocorp rose by Rs.84.70 to Rs.3056.95, Tata Motors rose by Rs.16.40 to Rs.630.35, Cummins India rose by Rs.30.05 to Rs.1698.10, Ashok Leyland rose by Rs.2.80 176.95, Bajaj Auto increased by Rs.54.40 to Rs.5060.70, Uno Minda increased by Rs.6.10 to Rs.601.30.

Funds selling in IT stocks: Emudra, Sonata, Datamatics, Coforge, HCL, Tech Mahindra declined.

Funds traded profitably today as the global outlook in the IT-software services, technology sector showed caution. Imudra fell by Rs.14.75 to Rs.467.65, Sonata fell by Rs.29.15 to Rs.1057.80, Datamatics Global fell by Rs.9.45 to Rs.603.80, Tanla Platform fell by Rs.14.05 to Rs. 1040.90, L&T Technology fell by Rs.48.55 to Rs.4573, Coforge fell by Rs.31.10 to Rs.5101.20, Emphases fell by Rs.11.35 to Rs.2374.65.

Mid cap index up 417 points, small cap index up 215 points: 2350 shares close positive

Market breadth remained positive as small, mid cap, funds in cash stocks, players continued to buy extensively over the weekend. Out of the total 3781 scrips traded in BSE, the number of gainers was 2350 and the number of decliners was 1278. The BSE Mid Cap Index closed up 416.87 points at 32340.71 and the BSE Small Cap Index closed up 214.66 points at 37562.23.

Investors' wealth in stocks-market cap. Rs.2.41 lakh crore increased to Rs.319.06 lakh crore

With index based rebounding, funds bought extensively in small, mid cap, A group stocks, investors' wealth i.e. aggregate market capitalization of BSE listed companies rose by Rs 2.41 lakh crore to Rs 319.06 lakh crore in a single day today.

FPI/FII's net selling of Rs.1686 crore : DII's net buying of Rs.2751 crore in stocks

Foreign Portfolio Investors - FPIs, FIIs had a net sale of Rs.1685.70 crore shares in cash today-Friday. A total of Rs.11,744.05 crore was sold against a total purchase of Rs.10,058.35 crore. While DII-domestic institutional investors had a net purchase of Rs.2751.49 crore shares. A total of Rs.6037.01 crore was sold against a total purchase of Rs.8788.50 crore.