Mumbai: It has been a remarkable come back for the markets, after opening in deep red the markets ended the day in the positive terrain with significant gains.
The initial fall fall can be attributed weak global cues and approaching F&O expiry but heavy buying in banking and other index pivotals pulled back the markets.
The Sensex had slipped below 9,900 level in the initial trade but bounced back to close at 10,215.37 up 129.46 points. The Nifty finished at 2,986 up 41 points.
The Asian indices opened in red but showed some recovery during the later part of the day and the European indices have also opened in the green
The BSE Small Cap Index closed at 4,758.26, down 56 points. The BSE Midcap Index ended at 4,012.48, down 18 points.
About 1214 shares advanced, 1066 shares declined, and 78 shares were unchanged.
All the BSE sectoral indices closed mixed. Banking stocks were the star performers and led the rally.
The BSE Bankex was up 4.83 per cent at 4,388.67. Bank of India, Bank of Baroda, UTI Bank, ICICI Bank and IOB made some very handsome gains today.
The BSE IT Index was up by 1.7 per cent at 3,808.97 moved up. Mphasis BFL, Wipro, Satyam and I-Flex Solution jumped
The BSE Oil and Gas Index rose 0.6 per cent at 4,888.84. ONGC, Kochi Refinery, HPCL and Reliance advanced higher.
The BSE Auto Index added 0.6 per cent at 4,213.18. Escorts, Sundaram-Clayto, Maruti Udyog, MRF and M&M closed in positive terrain.
The BSE Capital Goods Index was up 0.4 per cent at 6,394.21. L&T, BHEL, Dredging Corp, Lakshmi Machine and
Ingersoll Rand closed higher.
The BSE Health Care Index was down by 0.15 per cent at 3,073.48. Pfizer, Nicholas Pirama, Novartis India, Cipla and Biocon were among the losers.
The BSE FMCG Index was down 0.4 per cent at 1,842.83.
Britannia, ITC, Nestle, Shaw Wallace and Nirma closed in red. The BSE Metal Index was down 0.7 per cent at 7,540.41.
JSW Steel, Nalco, Welspun Guj, SAIL and Jindal Steel witnessed sellig pressure.
The BSE Consumer Durables Index was down 0.75 per cent at 2,515.33. Su-Raj Diamonds, Titan Industries, BPL and Blue Star closed lower.
The NSE cash turnover was at Rs 5573.61 crore and the NSE F&O turnover was at Rs 30774.91 crore. The BSE cash turnover was Rs 2509.14 crore. Total market wide turnover was at Rs 38857.66 crore.
Markets Today
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