Markets close with smart gain, Sensex above 18K

Mumbai: The markets closed with smart gains on Friday after some initial hiccups in the morning. The Sensex closed well above 18,000 and Nifty breached 5,300. Buying was seen in pharma, metal, oil stocks.

Broader markets outperfromed frontline counters on Friday. Select technology, realty and capital good stocks were under pressure. The outperformance came 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 per cent at 18115.25, and the Nifty up 100.90 points or 1.94 per cent 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 per cent. The BSE Smallcap Index ended at 9,621.13 up 2.2 per cent.

The BSE Bankex was up 2.5 per cent at 10,884.42. Yes Bank, ICICI Bank, SBI, Union Bank, Oriental Bank moved upwards. The BSE Capital Goods Index was up 1 per cent 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 per cent Exide Industrie, Maruti Suzuki, TVS Motor, Bajaj Auto, Punj Tractors closed higher. The BSE Metal Index closed at 16,167.16 up 3.5 per cent. SAIL, Shree Precoated, Tata Steel, NALCO closed higher.

The BSE FMCG Index closed at 2,208.44 up 2 per cent. United Spirits, United Brewerie, Marico, ITC, Britannia closed higher. BSE Oil and Gas Index closed at 11,269.09 up 3 per cent. Reliance, GAIL, HPCL, Petronet LNG, Reliance Natura ended in green. The BSE IT Index was at 3,879.98 up 1 per cent. 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 per cent or 670 pts; Nifty up 3.8 per cent or 195 pts

> CNX Midcap Index up 1 per cent; BSE Small-cap Index down 3.2 per cent

> BSE Metal Index up 7 per cent; SAIL up 9 per cent, Tata Steel up 8.5 per cent

> BSE Bank Index up 7 per cent; ICICI Bank up 10.5 per cent, HDFC Bk up 8 per cent, SBI up 4 per cent

> BSE Oil & Gas Index up 6 per cent; RIL up 6.5 per cent, HPCL up 12.5 per cent, BPCL up 8 per cent

> Index Gainers; Tata Com up 14.5 per cent, BHEL up 12.5 per cent, Suzlon up 7.5 per cent

> Index Losers; Reliance Energy down 12 per cent after Reliance Power listing

> Real Estate Gainers; Unitech up 19 per cent, DLF up 8.5 per cent, Nag Cons up 15 per cent

> Non-Index: Rel Cap up 14 per cent, GMR Infra up 6 per cent, JP Associates down 11 per cent

> Major events this week; Reliance Power listing, Oil price hike, BoJ rate unchaged, Steel price rollback