Mumbai: Stock markets seemed to be on a pre-budget rally on the back of increased participation of local fund houses and encouraging figures from FII's. During the last one hour of trade, Sensex gained momentum and shut shop above 14,500 mark for the first time.
Nifty too surged high and crossed 4,200 level on Monday. Auto, consumer durable and oil & gas stocks were in demand during closing trade, however metal and IT stocks were the laggards.
The Sensex was up 112.13 points at 14,515.90, and the Nifty up 31.85 points at 4,215.35.
The BSE Auto index geared up 2.05 per cent or 114.73 points at 5,712.79. Punj Tractors, Escorts, Asahi India, Bharat Forge and Amtek Auto ended positive.
The FMCG index rose 0.26 per cent or 5.07 points at 1,925.55. Shaw Wallace, United Spirits, Nestle, Dabur India and ITC gained.
The BSE Capital Goods advanced 0.99 per cent or 97.16 points at 9,920.97. Aban Offshore, Ingersoll Rand, KEC Infrastruct, Praj Industries and Bharat Elec ended in green.
The BSE Healthcare index gained 0.47 per cent or 18.15 points at 3,873.24. Orchid Chemical, GlaxoSmithKline, Matrix Lab, Biocon and Divis Labs moved up.
The BSE Bankex index moved up 0.12 per cent or 8.83 points at 7,415.02. Kotak Mahindra, SBI, PNB, Canara Bank and Oriental Bank surged.
The BSE Oil & gas index pumped up 0.91 per cent or 60.66 points at 6,715.24. Reliance Natura, BPCL, GAIL, Reliance and ONGC rose.
However, The BSE Metal index melted 1.18 per cent or 111.55 points at 9,345.74. Sterlite Ind, Hind Zinc, Hindalco, JSW Steel and SAIL tumbled.
The BSE IT index plunged 0.10 per cent or 5.24 points at 5,387.05. Wipro, HCL Info, Moser Baer, Hexaware Tech and i-flex Solution ended in red.
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