BSE Sensex and Nifty ended nearly 0.7 per cent higher today, logging their fourth gain in a row. Midcap and smallcap stocks also participated in today's rally after suffering a selloff yesterday.
Some market participants are expecting Prime Minister Narendra Modi to make some big announcements tomorrow. On Friday, Mr Modi will make his first Independence Day speech from the ramparts of the Red Fort in Delhi, and the expectations are that he may use the occasion to announce bold changes that have so far been absent.
Also, adding to the positive sentiment, wholesale price inflation in July eased to a five-month low of 5.19 per cent, helped mainly by a moderation in fuel costs. But a revision of May wholesale inflation to 6.18 per cent from 6.01 per cent earlier was bit of a dampener.
Sensex rose 184 points to close at 26,103 while Nifty ended at 7,791, up 52 points. The breadth of the market remained strong with BSE midcap and smallcap indices gaining over 1 per cent. The midcap and smallcap stocks had suffered a selloff yesterday after some earnings disappointment.
Mehraboon Irani of Nirmal Bang Securities said markets would struggle in the next 1-2 months unless there are some big announcements from the government. We are likely to see plenty of stock-specific movements, he added.
Most of the sectoral indices on the BSE were in the green, with banking, metals, oil & gas and capital goods stocks seeing some strong buying. Some minor profit-taking was seen in IT stocks.
Among top Nifty gainers, JSPL and GAIL India rose over 3 per cent while USL, Sesa Sterlite and Ambuja Cements were ended over 2 per cent higher.
ICICI Bank, HDFC Bank and IndusInd Bank were among other major Nifty gainers, up over 1.5 per cent.
BSE Sensex and Nifty ended nearly 0.7 per cent higher today, logging their fourth gain in a row. Midcap and smallcap stocks also participated in today's rally after suffering a selloff yesterday.
Some market participants are expecting Prime Minister Narendra Modi to make some big announcements tomorrow. On Friday, Mr Modi will make his first Independence Day speech from the ramparts of the Red Fort in Delhi, and the expectations are that he may use the occasion to announce bold changes that have so far been absent.
Also, adding to the positive sentiment, wholesale price inflation in July eased to a five-month low of 5.19 per cent, helped mainly by a moderation in fuel costs. But a revision of May wholesale inflation to 6.18 per cent from 6.01 per cent earlier was bit of a dampener.
Sensex rose 184 points to close at 26,103 while Nifty ended at 7,791, up 52 points. The breadth of the market remained strong with BSE midcap and smallcap indices gaining over 1 per cent. The midcap and smallcap stocks had suffered a selloff yesterday after some earnings disappointment.
Mehraboon Irani of Nirmal Bang Securities said markets would struggle in the next 1-2 months unless there are some big announcements from the government. We are likely to see plenty of stock-specific movements, he added.
Most of the sectoral indices on the BSE were in the green, with banking, metals, oil & gas and capital goods stocks seeing some strong buying. Some minor profit-taking was seen in IT stocks.
Among top Nifty gainers, JSPL and GAIL India rose over 3 per cent while USL, Sesa Sterlite and Ambuja Cements were ended over 2 per cent higher.
ICICI Bank, HDFC Bank and IndusInd Bank were among other major Nifty gainers, up over 1.5 per cent.
BSE Sensex and Nifty ended nearly 0.7 per cent higher today, logging their fourth gain in a row. Midcap and smallcap stocks also participated in today's rally after suffering a selloff yesterday.
Some market participants are expecting Prime Minister Narendra Modi to make some big announcements tomorrow. On Friday, Mr Modi will make his first Independence Day speech from the ramparts of the Red Fort in Delhi, and the expectations are that he may use the occasion to announce bold changes that have so far been absent.
Also, adding to the positive sentiment, wholesale price inflation in July eased to a five-month low of 5.19 per cent, helped mainly by a moderation in fuel costs. But a revision of May wholesale inflation to 6.18 per cent from 6.01 per cent earlier was bit of a dampener.
Sensex rose 184 points to close at 26,103 while Nifty ended at 7,791, up 52 points. The breadth of the market remained strong with BSE midcap and smallcap indices gaining over 1 per cent. The midcap and smallcap stocks had suffered a selloff yesterday after some earnings disappointment.
Mehraboon Irani of Nirmal Bang Securities said markets would struggle in the next 1-2 months unless there are some big announcements from the government. We are likely to see plenty of stock-specific movements, he added.
Most of the sectoral indices on the BSE were in the green, with banking, metals, oil & gas and capital goods stocks seeing some strong buying. Some minor profit-taking was seen in IT stocks.
Among top Nifty gainers, JSPL and GAIL India rose over 3 per cent while USL, Sesa Sterlite and Ambuja Cements were ended over 2 per cent higher.
ICICI Bank, HDFC Bank and IndusInd Bank were among other major Nifty gainers, up over 1.5 per cent.
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