Markets end higher after a volatile session Markets witnessed a volatile session today after yesterday’s sell-off.

03 Feb 2009 | 18:27
Markets end higher after a volatile session Markets witnessed a volatile session today after yesterday's sell-off.

While the Sensex closed 82.6pts or 0.91% higher at 9,149.3, the Nifty gained 17.25pts or 0.62% to close at 2783.9. The broad market indices however ended lower as the BSE Midcap and Small Cap indices were down by 0.77% and 0.42% respectively. Market breadth was negative as A/D ratio was 0.79:1 on the BSE. NSE cash turnover was higher at Rs.9,226crs. Vs. Rs.8,446crs. on Monday.

The sectoral indices was a mixed bag. The top losers were the BSE Realty, Consumer Durables, Healthcare and Metals. The top gainers were the BSE Oil and Gas and FMCG indices. The top losers from the BSE-30 were DLF, Tata Motors, Hindalco, NTPC, M&M and Tata Steel. The top gainers were Grasim, ACC, Maruti, BHEL and ITC.

After yesterday's sell-off, the bulls tried to regain some control by providing support to the 2760 levels on the Nifty. The coming sessions are likely to see a big move once the Nifty moves out of the 2750-2850 range. We recommend a cautious approach till there is more clarity on market direction.