Markets witnessed spectacular rally as rate sensitives, infrastructure and oil stocks have played key role in todays trade. Fall in crude oil price below USD 116 a barrel and positive European cues also helped markets to remain strong. IIP numbers are expected to be around 5.6% (which will be announced on Tuesday) as against 3.8%, as per CNBC-TV18 poll. This was also supporting markets a bit.

Frontline indices remained strong; Nifty again clawed back above 4600 and Sensex above 15500 levels. Broader indices like midcap and small cap traded sharply higher, led by fertiliser and banking stocks.

Sensex shot up by 336.10 points or 2.22% to settle at 15,503.92 after hitting an intraday high of 15,520.71 and low of 15,367.97. Nifty ended with a gain of 90.9 points or 2.01% at 4,620.40. It touched a high/low of 4625.20 and 4529.35, respectively.

Amongst frontliners, Jaiprakash Associates surged 7.68%, Reliance Infra 6.86%, Unitech 6.24%, ICICI Bank 5.74%, Maruti Suzuki 5.27% and SBI 4.65% while Dr Reddys Labs lost 2.72%, Sterlite Industries -2.58%, TCS -1.32%, Tata Steel -1.17%, Idea Cellular -0.89% and Infosys -0.58%.

Rate sensitives like realty stocks have gained smartly. BSE Realty index outperformed other indices, jumped up by 290.49 points or 5.27% at 5,799.37. Indiabulls Real, Unitech, DLF, Mahindra Life, Omaxe and Peninsula Land were up 2.5-14%.

Bankex rose 307.32 points or 4.16% at 7,702.35 due to buying in Canara Bank, ICICI Bank, SBI, Bank of India, Karnataka Bank and Bank of Baroda, which rose 3.6-7.4%.

Oil & Gas stocks like ONGC, Reliance Ind, GAIL, HPCL and IOC have surged 2.6-4%. Index shot up by 298.17 points or 2.94% at 10,437.27.

Power stocks have charged up, which includes GVK Power, Reliance Infra, GMR Infra, Tata Power, Suzlon Energy and Reliance Power. Index was up 63.59 points or 2.35% to settle at 2,764.69.

Capital Goods Index moved up by 280.57 points or 2.23% at 12,846.45, as buying is seen in Elecon Engg, Jyoti Structure, AIA Engineering, Thermax, Punj Lloyd, BEML, Alstom Projects, Siemens and BHEL.

Auto stocks like Maruti Suzuki, Bharat Forge, Apollo Tyres, Amtek Auto, M&M and Cummins also gained. Index ended with a gain of 87.23 points or 2.2% at 4,057.50.

FMCG Index rose 1% or 21.80 points at 2,206.93 due to gain in Rei Agro, Nestle, Dabur India, Tata Tea and HUL.

Metal Index closed with modest gain of 37.42 points or 0.29% at 13,136.24. Sesa Goa, Welspun Guj, Jindal Saw, Jindal Steel, JSW Steel and NALCO ended in green.

Healthcare and IT indices finished flat at 4,298.87 and 3,882.07, respectively.

BSE Midcap Index gained 95.71 points or 1.63% at 5,982.68 and Small Cap rose by 89.61 points or 1.25% at 7,271.35. Amongst midcap stocks, Firstsource Sol, Gillette India, Vishal Retail and HEG shot up around 11-17%

In the small cap space, INOX Leisure, PVR, Indo Tech Trans, Voltamp Trans, Asahi India, Flat Products and Transformers were up 10-19%.

Total turnover traded in markets stood at Rs 57,586.55 crore. This includes Rs 12,421.49 crore from NSE Cash segment, Rs 39,699.28 crore from NSE F&O and balance Rs 5,465.78 crore from BSE Cash segment.

Asian markets were trading higher barring Shanghai and Jakarta. Nikkei rose 1.72%, Kospi 1.07%, Taiwan 1.44%, Hang Seng 1.20% and Straits Times 0.10%. However, Shanghai fell 0.9% and Jakarta down 1.6%.