Market ends in green amid volatility

Mumbai: The markets managed to close in green amid volatility. However, the broader markets closed in red giving markets negative breadth.

Buying was seen in IT stocks followed by metal, oil and gas socks. Banking and power pivotals closed weak. Auto index which was holding out its gains in the falling markets is closed flat on Wednesday.

Sensex closed up 202.19 points or 1.24% at 16542.08, and the Nifty up 57.15 points or 1.17% at 4921.40.

About 878 shares have advanced, 2102 shares declined, and 67 shares are unchanged.

The BSE Midcap Index ended at 7,114.18 down 1%. The BSE Smallcap Index ended at 8,809.79 down 1.6%.

The BSE Bankex was down 1.5% at 8,916.03. Bank of India, Union Bank, IOB, Bank of Baroda and Oriental Bank closed in red.

The BSE Capital Goods Index closed at 14,688.40 down 0.9%. Gammon India, Punj Lloyd, Triveni Engg, Carborundum and Reliance Infra closed lower.

The BSE Auto Index closed at 4,849.86 down 0.2%. Punj Tractors, Tube Investment, Bajaj Auto and Hind Motors closed lower.

The BSE Metal Index closed at 16,016.46 up 1.2%. JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 3% at 2,232.05. Colgate, ITC, Nestle, Dabur ended higher.

BSE Oil and Gas Index closed at 10,330.75 up 1.6%. BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 3,752.47 down 4%. Satyam, Wipro, HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed lower.

The NSE cash turnover was at Rs 12075.76 crore and the NSE F&O turnover was at Rs 70004.57 crore. The BSE cash turnover was Rs 10673.85 crore. Total market wide turnover was at Rs 103955.62 crore.