Reforms steer markets as Samvat 2070 ends with sparkle

Indian bourses continued to light up on intense buying frenzy after the long-awaited sweeping reforms took center stage amid growing confidence of economic recovery as investors bid adieu to Samvat year 2070 on a fabulous note.
The bellwether CNX Nifty jumped by 68.15 points, or 0.86 per cent, to conclude at 7,995.90 after briefly topping 8,000 mark intraday on the National Stock Exchange (NSE).
Robust capital inflows amid the government's recent sweeping reform measures succeeded in restoring confidence.
The strong buying momentum was maintained throughout the day after a sound start.
The Hindu Samvat year 2070 saw the benchmark Nifty soaring by a massive 1,688.70 points or 26.77 per cent, driven by overall positive sentiment, encouraging corporate earnings and positive domestic economic momentum as well as improvement in the global macro outlook.

Auto shares spearheaded the rally and provided the biggest boost to the benchmark Nifty followed by healthcare, infra, metal, energy, technology, financials and fmcg.

Commercial vehicle maker Tata Motors topped the buying list alongwith Heromoto, M&M, Maruti Suzuki and Bajaj Auto on hopes of strong sales numbers in October.
Other biggest percentage gainers included L&T, Reliance, Kotak Bank, HDFC, Infosys, TCS, Cipla, Dr Reddy's, Wipro, Sun Pharma, Cairn, Jindal Steel, HUL, Zee and Lupin.
The notable frontline losers were ONGC, ITC, ICICI Bank, HDFC Bank, SBI, Bharati Airtel and NTPC.
Advancing shares outnumbered declining ones by a ratio of 1003 to 501 even as Mid-cap and Small-cap spiked 1 percent.

Turnover in the cash segment fell to Rs 14,294.35 crore against Rs 16,232.61 crore yesterday. A total of 6,685.15 lakh shares changed hands in 65,21,656 trades, while market capitalisation stood at Rs 91,57,616 crore.