The markets concluded the session in green with a smart recovery on the back of buying interest in sectors like realty, capital goods, power, banking and oil stocks. The BSE Sensex closed higher by 359.89 points at 13,454.00 and NSE Nifty ended up by 90.25 points at 4,016.00. The BSE Mid Caps and Small Cap closed positive with gain of 116.48 points and 100.50 points at 5,278.24 and 6,449.57 respectively.
The BSE Sensex touched an intraday high of 13,509.74 of and an intraday low of 13,027.79.
Even inflation rate, which touched a fresh high of 11.63% for the week ended 21st June 2008 as against 11.42% of the previous week did not dampen the market sentiment.
All indices except Metal closed in the green. Capital Goods, Reality, Power Oil & Gas and Bank stocks outperformed the benchmark index. The Capital Goods and Reality indices closed with gain of more than 6%.
The market breadth was positive as 1696 stocks closed in green while 898 stocks closed in red and 83 stocks remained unchanged.
Gainers from the BSE were Reliance Com Ltd (12.50%), JP Associated (10.65%), DLF Ltd (8.56%), BHEL (7.43%), Reliance Infra (7.21%), L&T Ltd (6.53%), HDFC (6.20), Ranbaxy Lab (4.75%),ICICI Bank Ltd (4.67%) and Ambuja Cement (3.89%).
The Capital Goods index gained 679.27 points to close at 10,686.55. Major gainers were Punj Lloyd (14.14%), Alstom Proje (13.23%), Siemens Ltd (11.27%), Areva (9.07), Crompton Greaves (8.48%) and Suzlon Energy (7.34%).
The Reality Index closed higher by 335.13 points at 4,630.35. The gainers were Ansal Infra (13.59%) along with Housing Development (12.88%), Penland Ltd (10.08%), Mahindra Life (9.72%), DLF Ltd (8.56%) and Unitech Ltd (7.79%).
The Banking index too closed up by 173.04 points at 5,820.83. The key Gainers were Indian Overseas Bank (6.60%), Yes Bank (5.48%), Kotak Bank (4.88%), ICICI Bank Ltd (4.67%), Axis Bank (3.42%), and Allahabad Bank (3.18%).
The Oil & Gas index closed higher by 143.69 points at 9,066.16. As Reliance Natural Resources (8.75%), Essas Oil Ltd (6.49%), Aban Offshore (2.77%), Reliance Petroleum (2.06%) and ONGC (1.99%) closed in positive territory.
The Power Index closed higher by 132.61 points at 2,306.24. Gainers are Siemens Ltd (11.27%) along with Tata Power (9.08%), Areva (9.07), Crompton Greaves (8.48%), Suzlon Energy (7.34%), Reliance Infra (7.21%) and ABB Ltd (6.02%).
The Metal index closed down by 75.91 points at 12,037.64. Lossers are Tata steel (2.64%), Sterlite In (2.38%), Maharashtra Seamless (1.04%), Sesa Goa Ltd (1.04%), Gujarat Nre C (0.79%) and Bhushan Steel (0.75%).