Mkt ends in green but sharply off day's high

The markets closed in green with moderate gain after a gap up opening on the back of strong cues from Asia and the US. After the Fed cut discount rate by 75 bps markets across globe have rallied. Asia ended in green most with gains of over 1.5%-3%, there were no runaway rallies seen.

Europe was off the highs after UK based HBOS reported pound 227 million.

Only frontliners closed in green but midcaps and smallcaps closed weak.Nifty breached 4600 mark but closed below the 4600 mark and Sensex slipped below 15000 levels.

On a weekly basis it was an very weak close for the markets with Sensex and Nifty down 5%. TMarkets witnesses second biggest single day fall this week. The broader markets lost nearly 10%. Bankex was down 10% followed by metal index down 8%.

Sensex closed up 161.37 points or 1.09% at 14994.83, and the Nifty up 40.95 points or 0.90% at 4573.95.

About 893 shares have advanced, 2088 shares declined, and 78 shares are unchanged.

The BSE Midcap Index ended at 5,964.10 down 1.2%.

The BSE Smallcap Index ended at 7,222.20 down 2%.

The BSE Bankex closed flat at 7,495.26. Yes, Federal Bank, IOB, HDFC Bank, closed in green.

The BSE Capital Goods Index closed at 13,095.72 up 1.3%. Areva, L&T, BHEL, ABB closed higher.

The BSE Auto Index closed at 4,398.25 up 1.4%. Exide, Tata Mtotos, M&M, Apollo Tyres, Ashok Leyland closed higher.

The BSE Metal Index closed at 13,498.55 up 0.4%. SAIL, JSW Steel, Sesa Goa, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, P&G ended higher

BSE Oil and Gas Index closed at 9,717.56 up 0.06%. GAIL, Cairn, IOC, Reliance ended higher.

The BSE IT Index was at 3,369.63 up 2%. HCL, Infosys, Satyam, Wipro, TCS, Tech Mahindra closed higher.

The NSE cash turnover was at Rs 13937.1 crore and the NSE F&O turnover was at Rs 46365.04 crore. The BSE cash turnover was Rs 5781.11crore. Total market wide turnover was at Rs 66083.25 crore.

Markets Today

Markets off day's high on profit booking in line with Asian peers
Sensex ends up 161 pts at 14994; down 470 pts from day's high
Nifty ends up 41 pts at 4574; down nearly 150 pts from day's high
CNX Midcap Index down 0.23%, BSE Small-cap Index down 2%
IT Index up 2.14%; Satyam up 5.7%, Wipro up 5.3%, Infosys up 2.2%
BSE Realty Index down 2.14%; DLF down 1.4%, Unitech down 3.4%
Index Gainers; Tata Motors up 5%, SAIL up 4.4%, Nalco up 4.2%, M&M up 3.6%
Non-index gainers; Yes Bank up 7.6%; management says not having any uncovered forex exposures
Losers; Guj NRE Coke down 8.5%, IFCI down 6.6%, Neyveli Lignite down 6.24%
NSE Advance Decline at 1:2; slips from 5:1 in the morning
Total market turnover at Rs 66083.25 cr