Mkt ends near day's high, Nifty closes above 4,900

Mumbai: The markets closed near day's high amid choppiness after hovering around Thursday's closing levels for major part of the day. All the BSE sector indices closed in green with metal, capital goods, IT, realty, power and energy stocks outperformed.

Broader markets saw a smart rally with both the midcap and smallcap indices closing up over 4%.

The breadth was positive in the favour of advances. The cues from Asian peers were encouraging with most of the Asia in green. Shanghai was up 5% after falling down nearly 40% from all-time high.

Inflation number came in higher up 15 ticks at 6.68% for the week ended March 15 as compared to 5.92% in the last week. The market had estimated it at 5.96%; it has touched its 59-week high.

Sensex closed up 355.73 points or 2.22% at 16371.29, and the Nifty up 111.75 points or 2.31% at 4942.00.

About 2454 shares have advanced, 552 shares declined, and 57 shares are unchanged.

The BSE Midcap Index ended at 14,654.19 up 4%. The BSE Smallcap Index ended at 7,901.98 up 5%.

The BSE Capital Goods Index closed at 14,455.44 up 5.4%. L&T, BHEL, Suzlon, Reliance Infra, Siemens, Triveni Engineering closed higher.

The BSE Auto Index closed at 4,580.07 up 1%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher.

The BSE Metal Index closed at 14,654.19 up 5.78%. Tata Steel, SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, Nestle, Dabur ended higher.

BSE Oil and Gas Index closed at 10,467.61 up 3%. Reliance Ind, RPL, BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 3,758.03 up 5%. HCL, Infosys, Tech mahindra, TCS, Tech Mahindra closed higher.

BSE power index closed at 3,301.98 up 5%. Torrent Power, NTPC, Reliance Energy, Tata Power, Power Grid Corp, Crompton Greave ended in green.

The BSE Bankex closed flat at 8,200.24. HDFC, HDFC Bank, ICICI Bank closed in red.

The NSE cash turnover was at Rs 14286.5 crore and the NSE F&O turnover was at Rs 49087.03 crore. The BSE cash turnover was Rs 6447.2 crore. Total market wide turnover was at Rs 69820.73 crore.