Mkts close with significant gains

Mumbai: The markets closed with significant gains with good volumes outperforming its Asian peers.

It opened weak and there was some volatility in the initial trades but picked up momentum during the later part of the day.

Nifty closed above 3500 mark for the first time since May 17.

The Sensex closed up 138.67 points or 1.16 per cent at 12109.14, and the Nifty was up 45.45 points or 1.31 per cent at 3502.8.

All the BSE Sectoral indices closed in green.

The BSE Midcap Index ended up 12 points at 5,009.08.

The BSE Small Cap Index closed up 28 points at 5,999.56.

The BSE Auto Index closed up 1.10 per cent or 56.16 points at 5,165.19. TVS Motor, Ashok Leyland, Amtek Auto, Cummins and M&M ended up.

The BSE Bankex was up 0.36 per cent or 20.21 points at 5,643.37. Oriental Bank, Union Bank, Allahabad Bank, IOB and Centurion BoP closed high.

The BSE Capital Goods Index up 0.68 per cent or 54.96 points at 8,105.79. Stocks like KEC Infrastruct, Alstom Projects, HEG, Praj Industries and L&T gained.

The BSE FMCG Index gained 1.09 per cent or 21.95 points at 2,044.04. McDowell, ITC, HLL, Shaw Wallace and Dabur India closed up.

The BSE Health Care Index was up 0.13 per cent or 4.71 points at 3,606.56. Apollo Hospital, GlaxoSmithKline, Divis Labs, Orchid Chemical and Cipla surged.

The BSE IT Index was up 0.69 per cent or 30.25 at 4,383.06. Stocks like TCS, Wipro, Mphasis BFL, Satyam and I-Flex Solution surged.

The BSE Metal Index was up 0.99 per cent or 79.20 close at 8,113.07. JindalStainless, Nalco, Tata Steel, SAIL and Welspun Guj ended up.

The BSE Oil and Gas Index moved up 0.90 per cent or 50.57 close at 5,676.49. ONGC, MRPL, Reliance, HPCL moved up.

The NSE cash turnover was at Rs 6561.56 crore and the NSE F&O turnover was at Rs 27418.57 crore. The BSE cash turnover was Rs 3404.52 crore. Total market wide turnover was at Rs 37384.65 crore.