Market Commentary:
* Asian stocks rose to a three-week high, commodities advanced and the Australian dollar climbed on signs of increased manufacturing output around the world. The cost of insuring Asia-Pacific bonds from default declined. The MSCI Asia Pacific Excluding Japan Index jumped 1.7 percent.
* Key domestic bourses have made a gap up opening following a relief rally in Asian markets. Back home, sustained buying in mostly all the key heavyweights Sensex and Nifty to regain their crucial 15,700 and 4,700 mark respectively.
* Metal stocks rose for the second straight day as a Chinese manufacturing gauge rose in December 2011.
* Market breadth was very strong; about 3.5 shares advanced for every share losing on the BSE.All the 13 sectoral indices on BSE were in the green. Mahindra & Mahindra (-1.56%) and BPCL (-1.27%) were the only losers among nifty 50 stocks.
* The Indian rupee opened relatively stronger tracking regional peers, owing to weakness in the US dollar on improved economic reports overseas. The domestic currency opened higher by 13 paise at Rs. 53.18 to a dollar, and advanced further to a high of 53.14.
* For the day, Nifty can see resistance at 4750 while 4680 will work as support.
* INDICES: Sensex +299 at 15817 (1.93%), NIFTY +90 at 4727 (1.94%), CNXMIDCAP +114 at 6209 (1.86%)
* SECTORAL PERFORMANCE: BANKEX 2.47%, AUTO 1.29%, CAPITAL GOODS 2.41%, HEALTHCARE 1.22%, Metal 3.57%, OIL & GAS 1.08%, IT 2.22%, FMCG 1.12%, PSU 2.5%, REALTY 3%, Consumer Durables 1.13%, POWER 2.03%
* MARKET BREADTH: 440 Advances, 54 Declines (BSE 500)
* TODAY'S GAINERS: Coal 5.3%, KMB 4.92%, TATA 4.18%, DLFU 4.13%, TTMT 3.86%
* TODAY'S LOSERS: BPCL -1.45%, MM -1.41%, GRASIM 0.24%, GAIL 0.44%, SUNP 0.45%
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