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Day End Report

The markets opened with decent gap up today but could not sustain the momentum and slipped in red in early trade on the back of some profit booking witnessed across the sectors led by banking, auto and metal. During second half of trade, the markets recovered amid volatility and ended with handsome gains. Good amount of short covering were also witnessed in the late trade today. Cues from the Asain and European markets were encouraging.
It was good day for the Oil & gas, IT and pharma stocks which traded firm through the day. Broader markets underperformed the frontline counters once again and on the volume front, it was a modest day.
Sensex ended up 301.50 points or 1.74% at 17650.57, and the Nifty closed up 89.95 points or 1.76% at 5200.70. About 1211 shares have advanced, 1737 shares declined, and 87 shares are unchanged. BSE midcap ended flat at 7594.41 and smallcap was down 0.72% at 9526.28.
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