Markets end higher amid volatility

Mumbai: The markets ended higher amid a highly volatile session. It was a dramatic day for markets as they opened higher slipped in red but pulled back to touch new highs.

Sensex recovered 400 points from the day's low and ended over 150 points higher. It outperformed its Asian peers, which ended deep in red. Midcap and small caps continued with their blazzing performance giving markets positive breath.

Bank stocks hogged all the limelight and bankex was up over 3 per cent; UCO Bank up 20% followed by Allahabad Bank and Axis Bank up 7%, Union Bank up 5.7%, Dena Bank up over 4%, PNB up 2%.

Sensex was up 164.59 points or 0.81% at 20465.30, and the Nifty up 35.05 points or 0.57% at 6179.40.

About 1983 shares have advanced, 910 shares declined, and 21 shares are unchanged.

The BSE Midcap Index ended at 10,050.39 up 1.2%. The BSE Smallcap Index ended at 13,895.06 up 1.4%.

The BSE Bankex was up 3% at 11,881.61. Canara Bank, Kotak Mahindra, Centurion Bank, Oriental Bank, Allahabad Bank closed in green.

The BSE Capital Goods Index closed at 19,717.87 down 0.2%. Triveni Engg, Praj Industries, BHEL, Kirloskar Bros, Crompton Greave closed higher.

The BSE Auto Index closed at 5,759.40 up 1%. Hind Motors, Apollo Tyres, Tube Investment, Tata Motors, Escorts, MICO closed lower.

The BSE Metal Index closed at 20,167.18 up 0.5%. Jindal Saw, Jindal Steel, NALCO, JindalStainless, Shree Precoated closed higher

The BSE FMCG Index closed up 1% at 2,397.13. Tata Tea, Nestle, ITC, Colgate ended higher

BSE Oil and Gas Index closed at 13,386.06 up 1%. Reliance Natura, HPCL, Petronet LNG, ONGC, Essar Oil ended higher.

The BSE IT Index was at 4,462.24 down 0.2%. HCL Tech, Satyam, Tech Mahindra, Wipro, Patni Computer closed lower.

The BSE Realty Index was at 13,424.70 up 3%. Anant Raj Ind, Unitech, Mahindra Life, Indiabulls Real, Akruti City, Phoenix closed higher.

The NSE cash turnover was at Rs 22618.87 crore and the NSE F&O turnover was at Rs 74186.47 crore. The BSE cash turnover was Rs 10988.97 crore. Total market wide turnover was at Rs 107794.31 crore.