Mkts show smart recovery; Nifty ends above 5,600

Mumbai: The markets showed smart recovery and ended the day with moderate losses outperforming its Asian peers.

The markets have shown resilience despite some disappointing IIP numbers. The pullback was seen in the final hour of trade and Nifty ended above 5,600 levels and Sensex above 18,700 mark.

Sell off in equity markets was triggered by the weak cues from the global markets as US mkts ended in red on account of credit concern leading to the decline in the Asia.

Sensex was down 170.33 points or 0.90% at 18737.27, and the Nifty down 46.15 points or 0.81% at 5617.10.

About 1171 shares have advanced, 1817 shares declined, and 77 shares are unchanged.

The BSE Midcap Index ended at 8,013.63 down 1%. The BSE Smallcap Index ended at 756 down 1.4%.

The BSE Bankex was up 0.3% at 10,186.32. Bank of India, Union Bank, HDFC Bank, Centurion Bank, Bank of Baroda moved downwards.

The BSE Capital Goods Index was down 0.2% at 19,624.60. Reliance Infra, Areva T&D, Bharat Bijlee, Thermax closed lower.

The BSE Auto Index closed at 5,109.95 down 2%. MRF, Tube Investment, Bharat Forge, Mah and Mah, Cummins closed lower.

The BSE Metal Index closed at 16,766.06 down 1%. Shree Precoated, Sterlite Ind, Hind Zinc, Mah Seamless closed lower.

The BSE FMCG Index closed at 2,057.01 up 2.5%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower.

BSE Oil and Gas Index closed at 11,369.24 down 2.3%. ONGC, GAIL, HPCL, Reliance Natura, Reliance Petro ended in red.

The BSE IT Index was down 3% at 4,135.14. Mphasis, Patni Computer, Tech Mahindra, Infosys, I-Flex Solution, TCS closed lower.