Sensex rises 320 points, Nifty near all-time high; Tata Steel, Suzlon Energy, PNB Housing Finance stocks gain

The stock market of Indian witnessed fresh rally after trading tepid on yesterday trade session as the BSE Sensex shot up 320 points while the 50-stocks Nifty soared near to its all-time high of 12,293.90 levels. The BSE Sensex closed at 41,626 levels while the Nifty index skyrocketed 99 points and closed at 12,282 but not before making a high of 12,289.90 — 4 points below its all-time high of 12,293.90 levels.

Speaking on the current market scenario Rohit Singre, Senior Technical Research Analyst, LKP Securities said, "The market is trading in the range of 12,100 to 12,400 levels and any dip should be seen as an opportunity to buy. I would advise stock market investors to book profit as and when the Nifty touches 12,400 levels."

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Metal stocks led the bull run on Dalal Street as the BSE Metal index soared 2.65 per cent after the Closing Bell trade session. Metal major National Aluminium Company or NALCO share price skyrocketed 6.24 per cent, Jindal Steel & Power shares shot up 4.27 per cent, Steel Authority of India Limited or SALE stocks went northward over 9 per cent, while Vedanta and JSW Steel stock price rose over 3 per cent.

Hindustan Copper and Suzlon Energy stocks were the show stoppers of intraday trade as Hindustan Copper share price skyrocketed 19.93 per cent while Suzlon Energy shares shoot up 19.90 per cent after the Closing Bell trade session. PNB Housing Finance share price soared 10.78 per cent, NBCC (India) shares went up 7.63 per cent, MMTC counter added 7.63 per cent while LIC Housing Finance stock price shot up 5.66 per cent.

Among the major Asian markets, the Japanese Nikkei crashed 181 points and closed at 23,656 levels, Kospi dipped over 1 per cent and closed at 2,175.17 levels, Hang Seng skyrocketed 353 points and closed at 28,543.52 levels while Shanghai markets soared 1.15 per cent and closed at 3,085.20 levels.