Mumbai: The markets opened weak and were sluggish for major part of the day. It reversed the trend and surged during the final hours of trade defying the trend in Asian markets.
Sensex closed above 11,500 for the first time since May 17. It closed at 11,511.68 up 45.96 points. The Nifty gained 9 points to close at 3,366.
The BSE Small Cap Index closed at 5,818.30 up 52 points or 0.9 per cent. STC India, Northgate Tech, Mawana Sugar, Flex Industries and Kopran were the biggest small cap gainers.
The BSE Midcap Index ended at 4,807.24 up 37 points or 0.77 per cent.
Most of the BSE sectoral indices closed in the positive terrain.
The BSE Bankex was up 1.24 per cent at 5,192.12. PNB, Bank of India, Oriental Bank, Union Bank, Vijaya Bank and Allahabad Bank moved upwards.
The BSE IT Index was up 1.33 per cent at 4,254.18. Patni Computer, Mphasis BFL, HCL Info and Infosys advanced.
The BSE Auto Index gained 1.1 per cent at 4,979.16. Mah and Mah, MICO, Bajaj Auto and Tata Motors were among the top gainers.
The BSE Oil and Gas Index gained 0.4 per cent at 5,473.48. HPCL, Kochi Refin and Reliance closed higher.
The BSE Capital Goods Index was up 0.2 per cent at 7,736.92. Carborundum, Bharat Elec, Greaves Cotton, Lakshmi Machine, Dredging Corporation closed higher.
The BSE Metal Index advanced by 0.2 per cent at 8,094.56. Hind Zinc, Jindal Saw, Sterlite Ind and Sesa Goa witnessed buying interest.
The BSE FMCG Index closed flat at 1,982.14. P and G, Nirma and Shaw Wallace closed in green.
The BSE Health Care Index closed flat at 3,553.12. Lupin, Ranbaxy Labs, Matrix Lab, Dr Reddys Labs and Apollo Hospital closed lower.
The NSE cash turnover was at Rs 5,627.45 crore and the NSE F&O turnover was at Rs 18,042.2 crore. The BSE cash turnover was Rs 2,674.23 crore. Total market wide turnover was at Rs 26,343.88 crore.
Markets Today:
- Sensex closes above 11,500 for the first time since May 17
- Sensex up 45.96 points at 11,511.68; Nifty up 9.25 points at 3,366
- BSE IT, Bank & Auto Indices gain on fund buying
- BSE IT Index up 1.33 per cent; Infosys up 2 per cent, Patni up 5.12 per cent
- BSE Bank Index up 1.24 per cent; Bank of India up 8 per cent, PNB up 6.5 per cent, SBI, ICICI Bank firm
- BSE Auto Index up 1.12 per cent; M&M up 3 per cent, Bajaj Auto up 2.34 per cent, Tata Motors up one per cent
- CNX Midcap Index up 0.53 per cent; led by mid cap banking stock
- Bank of Maharashtra up 4.6 per cent, Vijaya Bank up 4.16 per cent, Allahabad Bank up 3.8 per cent
- BSE Small Cap Index up nearly one per cent; led by sugar stocks
- Mawana Sugar up 14.6 per cent, Rana Sugar up 9.8 per cent
- NSE Advance Decline ratio at 3:2
- Total market turnover at Rs 26,343.88 cr Vs Rs 27,510.65 cr on Friday
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