There was good buying in automobile, oil and gas, metal, public sector undertakings (PSU) and consumer durables index stocks. However, capital goods, information technology (IT), healthcare and technology, entertainment and media (TECk) came under selling pressure.
The 30-scrip sensitive index (Sensex) of the S and P Bombay Stock Exchange (BSE), which opened at 19,299.42 points, closed at 19,367.59 points, up 137.75 points or 0.72 percent from the previous day's close at 19,229.84 points.
The Sensex touched a high of 19,392.56 points and a low of 19,203.63 points in intra-day trade.
The recent government announcement on steps to lower CAD to 3.7 percent of the gross domestic product (GDP) in the current financial year by reducing imports and global positive cues from European markets like Germany and France was received positively by the markets.
S and P BSE auto index surged 351.20 points, the oil and gas increased by 241.04 points, the metal index moved up by 201.11 points, consumer durable index was up 181.81 points and PSU index went up by 109.28 points.
However, capital goods index was down 62.07 points, followed by IT index, down 29.23 points, healthcare index, down 18.13 points and technology, entertainment and media (TECk) index, down 4.93 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed 43 points or 0.75 percent up at 5,742.30 points.
A majority 18 companies of the 30-sensitive index were gainers. These included Tata Motors, up 9.67 percent at Rs.319.30; Hindalco Inds, up 7.16 percent at Rs.98; ONGC, up 5.27 percent at Rs.289.45; Gail India, up 3.79 percent at Rs.318.95; and Tata Steel, up 3.59 percent at Rs.249.80.
The losers were: BHEL, down 1.86 percent at Rs.118.65; DrReddys Lab, down 1.57 percent at Rs.2,204.50; Wipro, down 1.39 percent at Rs.460.30; HDFC, down 1.22 percent at Rs.781.95; and Bharti Airtel, down 1.07 percent at Rs.342.70.
Among the Asian markets, Japan's Nikkei closed 1.32 percent up and Hong Kong's Hang Seng ened 1.21 percent higher. But the Shanghai Composite Index was lower by 0.29 percent.
In Europe, London's FTSE 100 was trading down 0.06 percent. Germany's DAX Index was 0.11 percent higher and the French CAC 40 Index was up 0.32 percent.
--IANS (Posted on 14-08-2013)