This week Market update

It was a spectacular session for markets, which ended second straight day on a stronger note. Stunning performance was seen from banking, realty, oil, capital goods, power and FMCG stocks. The Sensex gained over 1100 points and Nifty 300 points from weekly lows of 12,514 and 3,790, respectively.

Reliance Industries, Bharti Airtel, ICICI Bank, ONGC, HDFC and L&T were top contributors in the gain of indices.

Sensex surged 572.42 points to hit an intraday high of 13,684.27. It closed at 13,635.40, a jump of 523.55 points or 3.99% over previous close.

Nifty clawed back above 4100 and touched a high of 4110.55 with a gain of 163.35 points. But it ended at 4092.25, gain of 145.05 points or 3.67%.

On the weekly basis, Sensex jumped up around 1.3% and Nifty up around 1.2%. BSE IT Index plunged 8.3% due to weak guidance from tech giants like Satyam and Wipro. BSE Metal Index fell 7.5%. Top buzzers are BGR Energy, ORG Info and Essar Shipping, which rose 33%, 25% and 11%, respectively.
Ranbaxy hammered a lot, down 17.5% in this week, on concerns that probe by USFDA may hit sales of the company. It closed at 437.45, down 3.26% for the day.
Banking stocks were outperformers of the day, index shot up by 461.29 points or 8.05% to settle at 6,188.89.

Total turnover traded by markets stood at Rs 70983.73 crore. This includes Rs 12870.69 crore from NSE Cash segment, Rs 52794.98 crore from NSE F&O and the balance Rs 5318.06 crore from BSE Cash segment.
Markets This Week
Sensex up 1.3%; recovers nearly 1,121.4 pts from week's low of 12,514

Nifty up 1.2%; recovers nearly 302.25 pts from week's low of 3,790

CNX Midcap Index down 1.5%, BSE Smallcap down 3.6%

BSE IT Index down 8.3%; Satyam down 13.5%, Wipro down 10.5%, Infy down 7.5%

BSE Metal Index down 7.5%; Tata Steel down 10%, SAIL, Sterlite down 9%

BSE Oil & Gas Index up 4.3%; ONGC up 11.5%, RIL up 5.3%, Cairn down 9%

BSE Cap Goods Index up 3.7%; L&T up 8%, ABB up 6%

BSE Bank Index up 2.6%; PNB up 11.5%, SBI up 7%, ICICI Bk up 4.5% Ranbaxy down 17.5% on concerns that probe by USFDA may hit sales Buzzers: BGR Energy up 33%, ORG Info up 25%, Essar Shipping up 11% Buzzers: SpiceJet down 18%, Moser-Baer down 17%, Mundra Port down 15%
Markets @ 3:12; Nifty above 4100; Bankex up 8%

Markets are witnessing huge buying interest and getting support from banking, realty, power, oil, FMCG and capital goods stocks. Market breadth is positive; about 1,756 shares have advanced while 1147 shares declined. Nearly 247 shares are unchanged. However, technology and select metal stocks are weak.
Top gainers are HDFC, HDFC Bank, Reliance Infra and DLF while losers - Satyam, Wipro, Infosys and HCL Tech.