Equity benchmarks surged quite sharply this week on the back of budget 2011. The 30-share BSE Sensex rallied 785.54 points or 4.44%, to close at 18,486.45 and the 50-share NSE Nifty gained 235.2 points or 4.44%, to settle at 5,538.75.
The BSE Auto Index shot up 8% as excise duty was unchanged in budget. FMCG rallied 6.5% and Realty Index was up 6.3%. The BSE Bank and Capital Goods indices were up over 5%.
In auto space, M&M surged 14%. Maruti was up 12% and Bajaj Auto up 7.5%.
Among largecaps, ITC, Reliance Power, HDFC, HDFC Bank, Axis Bank and BPCL jumped 8-11%. Reliance Capital & Reliance Communications shot up 7%.
L&T, Tata Motors, Cairn, BHEL and Jaiprakash Associates were up 5-6%.
The Nifty Junior, CNX Midcap and BSE Small Cap indices went up 3-4%.
In midcap space, Bajaj FinServ surged 28% as Berkshire Hathaway tied up with Bajaj Allianz for general insurance.
KRBL climbed 27%. Deccan Chronicle, Ashok Leyland and Aurobindo Pharma were up 10-18%.
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