Mumbai, May 15 (UNI) The BSE Sensex on Thursday posted a massive gain of 1200.18 pts to close high at 82,530.74, 7-month-high amid a positive turn in global cues and optimism over India-US trade pact.
Investor sentiments were boosted following a media report that US President Donald Trump said India had offered a "no tariffs" trade deal to the United States.
The National Stock Exchange (NSE) gained 395.20 pts at 25,062.10.
The day opened on a flat note as the BSE Sensex marginally up 23 pts at 81,354.43. It was immediately went in red and dropped 568 pts at 80,762.16, days low.
In late trade, it was bounced back and spurted 1388 pts at 82,718.14, days high, before closing at 82,530.74, surging 1200.18 pts from its previous close.
The Nifty registered days high at 25,116.25 and low at 24,496.45 pts.
Socks that sparkled were Realty, Auto, BSE services and Consumer Discretionary Goods and Services.
Realty by 1.87 pc, Auto by 1.86 pc, BSE Services by 1.85 pc and Consumer Discretionary Goods and Services by 1.57 pc.
Strong buying was witnessed in Realty and metal stocks, anticipating supported a rate cut by the Reserve Bank of India.
Foreign institutional investors (FIIs) remained net buyers of Indian equities, purchasing shares worth Rs 931.80 crore on Wednesday.
The steady flow of foreign funds further supported to climb the market.
The Mid cap rose 0.67 pc and small cap by 0.94 pc.
In 30 scrips, 29 advanced while 1 declined.
The gainers were Tata Motors by 4.16 pc to Rs 728.10, HCL Technologies by 3.37 pc to Rs 1692.90, Adani Ports by 2.19 pc to Rs 1401, Asian Paints by 2.07 pc to Rs 2331 and Reliance Industries by 2.03 pc to Rs 1453.20.
The sole loser was IndusInd Bank by 0.24 pc to Rs 779.70.
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