The day, undoubtedly, belonged to the bulls! Positive global cues pushed the market back towards its earlier highs today. The broad based rally was mainly led by the largecaps, but midcaps and smallcaps contributed too. The Sensex ended the day at 19,929, up 893 points or 4.7% from the previous close. Nifty shut shop at 5938, up 243 points or 4.3%. The 50-share index touched an intra-day high of 5950 today. BSE Midcap and Smallcap indices gained over 2% each. Top Sensex gainers included HDFC Bank, ICICI Bank, Hindalco, Reliance Industries and Wipro.

The Sensex might face some resistance at 20,800-20,900 and this is where short term traders can book profits, says Rahul Mohindar, technical analyst, on CNBC-TV18. He is positive about the key indices and says if one has to take fresh positions now, do so with strict stoplosses.

The Sensex had the biggest intra-day gain ever today, moving up nearly 950 points. The BSE 30-share index touched an intra-day high of 19,987 today. All 30 stocks of the index were up, the biggest gainers being HDFC Bank, Hindalco, ICICI Bank, Infosys, ONGC, Reliance Industries and Wipro.