"It is expected that measures like reforms and consolidation between PSUB would be considered. The true measures will be understood over the end of the week." The S&P bankex surged by 356.91 points, capital goods index moved up by 259.36 points, auto index went up by 133.62 points, IT index increased by 127.49 points, and metal index rose 97.94 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the day's trade with healthy gains. It was up 111.45 points or 1.35 percent up at 8,395.45 points. The major Sensex gainers were: HDFC, up 4.30 percent at Rs.1,171.80; ICICI Bank, up 2.81 percent at Rs.362.60; Tata Motors, up 2.70 percent at Rs.511.70; BHEL, up 2.65 percent at Rs.275.40; and Axis Bank, up 2.44 percent at Rs.514.20. The losers were: Mahindra and Mahindra, down 0.92 percent at Rs.1,224.80; Hero Motocorp, down 0.31 percent at Rs.3,097.75; Reliance Industries, down 0.28 percent at Rs.885.60; Hindustan Unilever, down 0.27 percent at Rs.756.20; and Bajaj Auto, down 0.02 percent at Rs.2,453.50.