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Led by Reliance Industries and Tata Motors, stock market benchmark Sensex on Monday gained nearly 90 points on expectations of healthy second quarter earnings by India Inc amid firm global cues.
Auto, metals and energy stocks contributed the most to the gains in 30-share barometer of the Bombay Stock Exchange, which ended the day at 20,339.89, up 89.63 points, or 0.44 percent.
During the session, the BSE sensitive index moved between a high of 20,461.27 and 20,250.26.
The National Stock Exchange's wide-based 50-share Nifty Index too finished the day higher by 0.53 percent at 6,135.85.
"Till the [Q2] results are not out, stock specific action will be dominant in market," Geojit BNP Paribas Research Head Alex Mathews said.
Q2 approaches
Market focus from this week will shift to Q2 earnings and over or under-deliverance by companies -- as against the Street view -- will decide their short-term stock price behaviour, Reliance Securities said in a note.
Energy giant Reliance Industries, which holds the maximum weight in the Sensex, rose 1.97 percent to end at Rs 1,068.9.
Auto stocks were in the speed lane, with Tata Motors zooming 4 percent -- the most in the BSE-30 pack. Hero Honda rose 2 percent, Maruti 1.63 percent and M&M 0.12 percent.
"The outlook for the auto sector continues buoyant. Auto companies have seen a healthy 25 percent volume growth in the past 15 months. The demand outlook for the industry is sound, although the higher base implies that the growth rate now will be lower," brokerage Anand Rathi Financial said in a note.
Market sweep
Besides, frontline metal stocks were also shining on the Dalal Street. Sterlite climbed 3.13 percent, Tata Steel 2 percent, Jindal Steel 0.54 percent and Hindalco 0.26 percent.
Other major gainers of the day included, Anil Ambani Group firms -- RCom and R-Infra. Both the scips rose 2 percent each.
Cipla rose 0.59 percent, ICICI Bank 0.34 percent and SBI 0.4 percent.
Except technology, IT and FMCG, all the sectoral indices on the BSE ended with gains. In the Sensex pack, 18 stocks rose while rest 12 scrips ended in the red.
However, profit booking in Bharti Airtel, HUL, HDFC Bank and Infosys shaved-off some gains.
With a loss of 2.48 percent, telecom major Bharti Airtel was the biggest loser in the Sensex components. HUL declined 0.83 percent, HDFC Bank 0.73 percent and NTPC 0.61 percent.
Infosys dropped 0.2 percent, amid appreciation of the Rupee. TCS too ended marginally lower by 0.09 percent.
World glance
Asian stocks rose on speculations that the US Fed will join the region's central banks in stimulating a fragile global economic recovery. The China's benchmark Shanghai index rose 2.49 percent.
European markets too were firm in the afternoon session, with Britain's FTSE 100 rising 0.24 percent. US stocks ended with substantial gains on Friday.







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