BSE Sensex rally but Nifty still below 5600; Realty up 5%

4:00 pm Market closing: Dalal Street gives Raghuram Rajan a standing ovation, as it records a stellar 2.5 percent rally. Nifty scales past 5600 before cooling off to close a tad below it. The Nifty ends at 5592.95, up 144.85 points or 2.66 percent. The Sensex shuts 412.21 points or 2.22 percent higher at 18979.76.

About 1472 shares have advanced, 835 shares declined, and 146 shares are unchanged. Superstar of the day remain to be banking stocks with SBI gaining 10 percent, ICICI Bank pocketing 9 percent and HDFC twins making handsome gains. IT stocks, however, were reeling under selling pressure on profit booking after seeing multi-year highs recently. Currency strength also added to the negative sentiment. TCS , Infosys and Wiprolost down 3 percent each.

Read more >> Click here