The day certainly belonged to the bulls! The market had a gap up opening on the back of positive global cues and then there was no looking back. Shortcovering and value buying at lower levels kept the market up throughout the day. Sensex closed at 16,217,up 928 points from the previous close. Nifty shut shop at 4877, up 267 points. It was an equally good day for the midcaps and smallcaps; CNX Midcap index gained 6.2% and BSE Smallcap index, 4.8%. Realty, banking and consumer durable stocks were the favourites. Biggest gainers on the Sensex for the day include JP Associates, DLF, Reliance Energy and Infosys among others.
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