Sensex gains 208 points to close at 19570 - AXIS Direct

After opening on a lower note, the markets traded with losses till noon. The markets edged higher in the afternoon session after Core inflation slows to 3.8%, lowest level since March 2010 and extended gains to hit fresh intraday high and ended the day on positive note. Among the sectoral indices, 12 out of 13 sectors gained. Bankex (2.18%), Realty (2.08%) & Capital Goods (1.34%) were major gainers, while Consumer Durables declined 1.45. In the Sensex stocks, SBI (3.51%), MSIL (3.43 %), Tata Power (2.86%) were gainers. While, GAIL (2.09%), Bajaj Auto (2.05%), Sun Pharma (0.93%) were losers. The Sensex gained 208 points or 1.07% to close at 19,570 and the Nifty gained 58 points or 0.99% to close at 5,909.

Total traded turnover stood at Rs 268,295 cr. In equities FIIs were net buyers of (Rs 607 cr) while DIIs were net sellers of (Rs 829 cr). On the derivatives side, FIIs were net buyers in Index Futures (Rs 45 cr). They were net sellers in Index Options (Rs 2280 cr), Stock Futures (Rs 270 cr) and Stock Options (Rs 68 cr).

The US markets ended higher on better than expected employment data adding to optimism about the economy. The Dow Jones gained 84 points or 0.58% to close at 14,539 while the NASDAQ gained 14 points or 0.43% to close at 3,259.

The Asian markets are trading higher. Nikkei is trading higher by 0.84% while Hang Seng is trading higher by 0.25%.

Asian shares inched higher in early trade as global risk sentiment was buoyed by lower than expected weekly U.S. jobless claims suggesting a steady recovery in the world's largest economy. Indian indices are also expected to open in the green and focus will remain on global cues for further direction.

Source : Equity Bulls

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