At last, the Sensex bounced back and ended with positive note on Friday. It was up 290 points at 15, 689 at the close of trade. It was all due to the positive cues from the European markets that support the Sensex to come back in positive terrain. The Bombay Stock Exchange benchmarks index opened with a marginal gap of 28 points at 15,426. At noon, it was in negative shade with 15,359 points.
Then buying in metal, auto and index heavyweights saw the Sensex up to a high of 15,741 which was the day's high (382 points). On the other hand, the National Stock Exchange Nifty index touched low of 4,580, and then soared to a high of 4,697. All the sectoral indices gained with auto and metal indices leading. The auto index gained 3% at 6,079 on the back of good sales numbers from most of the vehicle majors. Metal index added 2.7% to 12,496 on hopes of an increase in demand with the economic recovery. The market breadth was positive. Out of 2,831 stocks traded 1,576 advanced while 1,162 declined.
Mahindra & Mahindra rallied 6% to Rs 864 on plans to enter the US market. Hero Honda added 4% to Rs 1,602. Metal major, Sterlite gained 4% to Rs 670. Larsen & Toubro, HDFC, ONGC and ITC advanced 3% each. Grasim, ACC, Maruti Suzuki, Reliance, Hindustan Unilever, Tata Steel, Reliance Infrastructure, Hindalco and Tata Power also moved up around 2% each.
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