Markets end with hefty gains amid smart recovery

01 February 2008

It was a strong day for the markets after few consecutive weak sessions. The markets witnessed smart recovery in the second half of trade after lacklusture performance in early trade on the back of heavy buying in the scrips across sectors led by IT, metal, auto and oil & gas.

The rally was mainly dominated by the large caps as the midcaps and smallcaps are still finding difficult to attract investors attention. Capital good, banking, power and realty counters remained subdued for most part of the day. Market breadth was negative however very thin and the volume was also truncated on the first day of February expiry.

Sensex ended up 584.71 points or 3.31% at 18233.42, and the Nifty was up 179.80 points or 3.50% at 5317.25. on BSE, about 1193 shares advanced, 1753 shares declined, and 60 shares remained unchanged. BSE midcap ended down 0.23% at 7749.02 and smallcap ended down 0.51% at 10,073.11. 

BSE auto index ended up 3.54% at 5003.61.

BSE bankex ended up 1.91% at 10918.91.

BSE cap good index was up 0.31% at 16438.70.