Equities enjoy stunning rebound, Nifty flare-up 133 pts

Stocks maintained their strong rallying momentum for the second consecutive session as buoyant investors sentiment amid receding fears of an imminent withdrawal of US stimulus measures sent the benchmark CNX Nifty rallying by a massive 133 points on the National Stock Exchange (NSE).
A strong recovery in rupee value against the dollar after recent assurance from the apex bank also supported the uptrend.
China's reform pledges and delaying of US Federal Reserve's tapering of its monetary stimulus to shore up the American economy further bolstered the overall market mood.
FMCG stocks spearheaded the surge alongwith financials, energy, technology, auto, capital goods and healthcare related counters.

After a gap-up opening taking cues from positive Asian sentiment, key indices marched ahead following across the board buying spree amid hectic short covering. The momentum was maintained throughout the session with the benchmark reclaiming the key psychological 6,100 level.
The 50-share index shot-up by a healthy 132.85 points, or 2.19 per cent to end at 6,189. The NSE bellwether had touched a high of 6,196.80 in early trade.

JP Associates was the top index stock gainer, followed by L&T, ITC, HDFC Bank, Axis Bank, Hindalco, Ultracemco, ONGC, Tata Steel, Bank of Baroda.
Key losers included, Sesa Sterlite, Coal India, NMDC, Lupin, Bajaj Auto and Cipla.

The turnover in the cash segment rose to 10,894.87 crore from 10,284.75 crore last Thursday. A total of 5,652.60 lakh shares changed hands in 57,48,227 trades, while market capitalisation stood at Rs 66,32,209 crore.