The markets closed with smart gains after some initial hiccups in the morning. Sensex closed well above 18,000 and Nifty breached 5,300. Buying was seen in pharma, metal, oil stocks. Broader markets outperfromed frontline counters today. Select technology, realty and capital good stocks were under pressure. The outperformance came in despite most of the Asian markets ending lower.

Even on weekly basis Sensex has recovered over 1600 points from the lows and Nifty has recovered 500 points.

Sensex closed up 348.62 points or 1.96% at 18115.25, and the Nifty up 100.90 points or 1.94% at 5302.90.

About 2081 shares have advanced, 876 shares declined, and 62 shares are unchanged.

The BSE Midcap Index ended at 7,592.08 up 2%.
 
The BSE Smallcap Index ended at 9,621.13 up 2.2%.

The BSE Bankex was up 2.5% at 10,884.42. Yes Bank, ICICI Bank, SBI, Union Bank, Oriental Bank moved upwards.

The BSE Capital Goods Index was up 1% at 16,418.30. Reliance Infra, Lakshmi Machine, L&T, Kalpataru Power, Thermax ended higher.

The BSE Auto Index closed at 4,768.59 up 2% Exide Industrie, Maruti Suzuki, TVS Motor, Bajaj Auto, Punj Tractors closed higher.

The BSE Metal Index closed at 16,167.16 up 3.5%. SAIL, Shree Precoated, Tata Steel, NALCO closed higher.

The BSE FMCG Index closed at 2,208.44 up 2%. United Spirits, United Brewerie, Marico, ITC, Britannia closed higher.

BSE Oil and Gas Index closed at 11,269.09 up 3%. Reliance, GAIL, HPCL, Petronet LNG, Reliance Natura ended in green.

The BSE IT Index was at 3,879.98 up 1%. Tech Mahindra, TCS, Satyam, HCL Tech ended higher.

The NSE cash turnover was at Rs 14177.15 crore and the NSE F&O turnover was at Rs 42675.67 crore. The BSE cash turnover was Rs 6389.78 crore. Total market wide turnover was at Rs 63242.60 crore.

Markets This week:

• Sensex recovers over 1,600 pts from week's low of 16,457.7
• Nifty recovers over 500 pts from week's low of 4803.6
• Sensex up 3.8% or 670 pts; Nifty up 3.8% or 195 pts
• CNX Midcap Index up 1%; BSE Small-cap Index down 3.2%
• BSE Metal Index up 7%; SAIL up 9%, Tata Steel up 8.5%
• BSE Bank Index up 7%; ICICI Bank up 10.5%, HDFC Bk up 8%, SBI up 4%
• BSE Oil & Gas Index up 6%; RIL up 6.5%, HPCL up 12.5%, BPCL up 8%
• Index Gainers; Tata Com up 14.5%, BHEL up 12.5%, Suzlon up 7.5%
• Index Losers; Reliance Energy down 12% after Reliance Power listing
• Real Estate Gainers; Unitech up 19%, DLF up 8.5%, Nag Cons up 15%
• Non-Index: Rel Cap up 14%, GMR Infra up 6%, JP Associates down 11%
• Major events this week; Reliance Power listinf, Oil price hike, BoJ rate unchaged, Steel price rollback

Mkt trades in green: Sensex hovers around 18,000

The markets have moved in green amid volaitity and Sensex has breached 18,000 mark. Buying is seen in pharma, metal, oil stocks. Broader markets have outperfromed frontline counters today. Technology, realty, banking and capital good stocks are still under pressure. Most of the Asian markets ended lower.

Tata Steel, Sterlite, Ranbaxy, Hindalco, BHEL, ICICI Bank, HUL are among the top gainers on the indices.

Mkts lacklustre: Pharma, metal, oil up; IT down

The markets are trading flat amid volatility. However on account of selective buying in pharma, metal, oil stocks there is support at the lower levels. Broader markets have outperfromed frontline counters today. Technology, realty, banking and capital good stocks are still under pressure. Most of the Asian markets ended lower.

Top gainers on the Sensex are Bajaj Auto at Rs 2,143 up 3.25%, BHEL at Rs 2,274 up 1.88% and Hindalco at Rs 166.60 up 1.74%.

Top losers on the Sensex are Satyam at Rs 425 down 3.06%, Maruti Suzuki Rs 809.80 2.49% and DLF at Rs 845 down 2.3%. 

Essar Oil, RNRL, Rel Power, Jaiprakash Associate are some of the most active counters today.

The markets have recovered from its early low's and are trading quiet with midest losses. Broader markets have outperfromed frontline counters today. Technology, realty, banking and capital good stocks are still under pressure, however oil & gas, metal and FMCG indices are holding up in green.

Asian markets have also recovered from its day's low and has provided support to Indian markets. Market breadth has turned positive with over 650 stocks on the advancing side and nearly 500 stocks on the decline side on NSE. Volume has been slightly lower so far.

Top gainers on the Sensex are Bajaj Auto at Rs 2,143 up 3.25%, BHEL at Rs 2,274 up 1.88% and Hindalco at Rs 166.60 up 1.74%.

Top losers on the Sensex are Satyam at Rs 425 down 3.06%, Maruti Suzuki Rs 809.80 2.49% and DLF at Rs 845 down 2.3%. 

Essar Oil, RNRL, Rel Power, Jaiprakash Associate are some of the most active counters today.

Mkts still in red; tech, realty, bank stocks slip

The markets have recovered from the early low's but are still trading in red with significant cuts. Technology, realty, banking stocks are still struggling to find its feet. Oil & gas, FMCG, consumer durables and pharma indices are trading with modest gains.

Market breadth has also improved from its early lows, now the advance decline ratio is 1:1 on NSE. Its been yet another day of low volume so far.

Top gainers on the Sensex are Bajaj Auto at Rs 2,143.90 up 3.30%, ONGC at Rs 1,038 up 1.20% and Hindalco at Rs 165.20 up 0.89%.

Top losers on the Sensex are DLF at Rs 844.25 down 2.38%, Larsen & Toubro at Rs 3,424.95 down 2.34% and Infosys at Rs 1,517 down 1.96%

Top gainers on the Nifty are Bajaj Auto at Rs 2,117 up 1.91%, NALCO at Rs 357 up 1.85% and BPCL at Rs 473.80 up 1.72%.

Top losers on the Nifty are Unitech at Rs 374.40 down 4.29%, Suzlon Energy at Rs 329 down 2.78% and Infosys at Rs 1,511 down 2.31%.

Essar Oil, RNRL, Rel Power, Jaiprakash Associate are some of the most active counters today.

Mkts open with gap down; IT, realty, power stocks down

The markets opened on weak note today in line with its global peers. Asian markets are trading weak on renewed credit concerns following weak cues from the US markets. Technology, realty, power and metal stocks opened with significant cuts today.  

At 9:56 am, Sensex was down 253 points at 17512 and Nifty was down 83 points at 5118. Major losers in the opening trade were ACC, Reliance Petroleum, Rel Comm, Satyam, ITC, Unitech, Infosys and Grasim.

Asian markets were trading weak. Hong Kong's Hang Seng plunged 1.98% or 475.15 points at 23,546.53. Japan's Nikkei dropped 1.49% or 202.52 points at 13,423.93. Taiwan's Taiwan Weighted was down 0.25% or 19.96 points at 7,845.32. South Korea's Seoul Composite fell 0.95% or 16.07 points at 1,681.38. Singapore's Straits Times dropped 0.22% or 6.79 points at 3,038.80.

US markets: The Dow plunged 175.26 points, or 1.40%, to 12,376.98. The Standard & Poor's 500 index slipped 18.35 points, or 1.34%, to 1,348.86, and the Nasdaq composite index dropped 41.39 points, or 1.74%, to 2,332.54.

Market cues:

• FIIs net buy USD 86.5 million in equity
• MFs net buy Rs 7.7 crore in equity
• NSE F&O Open Interest up by Rs 3,937 crore at Rs 71,217 crore