The domestic stock market reached nearly two-week high on Tuesday on all-round buying amid positive signals from overseas.
The 30-share sensitive index Sensex of the BSE rose by 287.72 points, or 0.74 percent, to reach 39,044.35 points today. For the first time since September 02, the Sensex has crossed the 39 thousand mark. The Nifty of the National Stock Exchange closed at 11,58.2.2 points with a strength of 81.75 points, or 0.71 percent, which is the highest level on 03 September.
Investors showed more confidence in medium and small companies. The BSE midcap gained 0.85 percent to 15,1414.74 points and the smallcap gained 1.44 percent to close at 15,363.57 points. Except for the reality group, all other groups in the BSE index remained green. Telecom, health and banking groups were the fastest growing.
IndusInd Bank shares rose over four per cent in the Sensex. Bharti Airtel, Axis Bank, Bajaj Finance, ICICI Bank and Sun Pharma were also up over two per cent. Titan and Maruti Suzuki shares lost more than one per cent.
Most Asian stock markets gained momentum. South Korea's Kospi closed 0.65 per cent, China's Shanghai Composite 0.51 per cent and Hong Kong's Hangseng closed at 0.38 per cent. At the same time, Japan's Nikkei fell by 0.44 percent. The UK's FTSE gained 0.86 percent in early trade in Europe and the Dax in Germany gained 0.23 percent.