Closing bell: Sensex up 470 pts, Nifty ends above 10,100 on banks support
3:30 pm Market Closing: Benchmark indices closed sharply higher as the Sensex was up 469.87 points or 1.44 percent at 33,066.41 and the Nifty gained 132.65 points or 1.33 percent at 10,130.70.About 1,558 shares declined against 1,193 advancing shares on the BSE.
HDFC Bank, HDFC, SBI, ICICI Bank, L&T, Yes Bank, Reliance Industries, Bajaj Finance, Hindalco, UltraTech Cement and Maruti Suzuki rallied up to 6 percent.
Nifty Bank rallied 600 points while the Nifty Midcap index was up 250 points.
Adani Enterprises, Canara Bank, Union Bank, Bank of India, Syndicate Bank, Andhra Bank, Jaiprakash Associates, Titan Company, Avenue Supermarts, Future Lifestyle, Dish TV, Den Networks, Hathway Cable, NIIT, Bata India and Mirza International jumped up to 13 percent.
HCC, Indiabulls Real Estate, PC Jeweller and NLC India were down 2-6 percent.