Sensex ends near 19500; banks, oil&gas, metals up

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Indian markets witnessed a pull-back rally and ended above psychological resistance levels after a sharp correction in previous session. The rally was aided by short-coverings, better-than-expected IIP data and positive cues from European peers.

Bombay Stock Exchange’s Sensex ended at 19483.10, up 240.74 points or 1.25 per cent. The index touched intraday high of Rs 19537.40 and low of 19074.57.

National Stock Exchange’s Nifty closed at 5851.55, up 85.05 points or 1.47 per cent. The index touched a high of 5865.50 and low of 5721.15.

BSE Midcap Index was up 2.01 per cent and BSE Smallcap Index gained 2.39 per cent.

Amongst the sectoral indices, BSE Bankex was up 2.88 per cent, BSE Oil&gas Index gained 2.17 per cent and BSE Metal Index moved 1.49 per cent higher.

ICICI Bank (5.75%), Jaiprakash Associates (4.45%), Reliance Industries (3.42%), Reliance Communications (2.98%) and NTPC (2.70%) were amongst the top Sensex gainers.

Bajaj Auto (-2.55%), Bharti Airtel (-2.22%), Tata Motors (-1.83%), HDFC (-0.59%) and HDFC Bank (-0.56%) were amongst the losers.

Market breadth was positive on the BSE with 1064 advances against 332 declines.

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