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| Markets rebounded in the noon trade to close with modest gains. Sensex gained 64 points to close at 17189, while Nifty ended at 5134, up 22 points. BSE Mid-cap and Small-cap indices gained 0.3% and 0.9% respectively. Telecom stocks carried on the good work of yesterday while Capital Goods stocks also did well ahead of the October IIP data to be released tomorrow. Annual food inflation, based on wholesale prices, upped further to 19.05% for the week ended Nov 28 from 17.5% the week before. European markets rebounded from lower levels and were trading in green, with financials recovering ahead of the Bank of England's interest rate decision. US stock indices futures were up about a fourth of a percent ahead of trade deficit and jobless claims data. |
| BSE Capital Goods index and Bankex were the top gainers among the sectoral indices, putting on 1.6% and 0.8% respectively. Consumer Durable and FMCG indices lost the most, shedding 0.8% and 0.7% respectively. Bharti Airtel and BHEL gained the most among the Sensex stocks, up 3.4% and 2.8% respectively, while Sun Pharma and Hero Honda lost 1.8% and 1.7% respectively. BSE advance-decline ratio stood at 1.4:1. |
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