It was a eventful day for Indian markets as opened with bang but slipped in red taking the Sensex sub 17,300 levels but bounced back inching towards the 18,000 levels. Sensex graph was typically V shaped, closing near the high point of the day.

It was a historic day in rems of volume also with over Rs 130,000 crore. The cues from Asia were mixed and even Europe opened flat.

Asia ended mixed, Hang Seng is down over 1600 points from the day''s high. Hang Seng was down over 2% as there have been talks of FIIs reducing their holdings in Hong Kong-listed Chinese firms.

Realty, IT, power, capital goods and oil & gas were among the top gainers. Selling pressure was seen in select pharma consumer durables and cement stocks. Broader markets underperformed the benchmark indices.

Top gainers on the Sensex were DLF, Infosys, HDFC, ICICI, Tata Power, Sterlite Ind, Suzlon Eergy, NTPC, Reliance Comm, Reliance Energy and Reliance.

Cipla, Ranbaxy, Ambuja Cements, SBI, Tata Steel, GAIL, MTNL were among the top losers.

Suzlon has bagged 150 MW order from DLF and the stock is up over 3%.

Sensex was up 518.42 points or 2.99% at 17847.04, and the Nifty up 141.85 points or 2.80% at 5210.80.

About 1221 shares have advanced, 1762 shares declined, and 52 shares are unchanged.

The BSE Small Cap Index closed at 9,108.70 down 0.8%.

The BSE Midcap Index ended at 7,540.54 up 0.2%.

The BSE FMCG Index closed at 2,157.31 up 0.3%. Marico, Tata Tea, Dabur India, Colgate closed in green.

The BSE Metal Index closed at 14,180.50 up 2%. Hindalco, Hind Zinc, Sesa Goa, Sterlite Ind, Jindal Steel were among the gainers.

The BSE Health Care Index was down 0.5% at 3,817.82. Orchid Chemical, Glenmark, Cipla, Sun Pharma closed higher.

The BSE Capital Goods Index was up 2.6% at 15,064.27. Greaves Cotton, BEML, Jyoti Structure, Reliance Infra, BHEL ended higher.

The BSE Auto Index closed at 5,399.60 up 1.6%. Tata Motors, Maruti Udyog, Bajaj Auto, Mah and Mah, Bharat Forge were among the gainers

The BSE IT Index closed at 4,790.90 up 4%. Infosys, TCS, I-Flex Solution, Tech Mahindra, Mphasis, HCL Tech ended higher.

The BSE Bankex was up 2% at 9,575.59. Karnataka Bank, Kotak Mahindra, ICICI Bank, Federal Bank Axis Bank, SBI, HDFC Bank closed higher.

The BSE Oil and Gas Index closed at 10,008.53 up 3.4%. Reliance, BPCL, IOC, ONGC closed in green

The NSE cash turnover was at Rs 24819.65 crore and the NSE F&O turnover was at Rs 105619 crore. The BSE cash turnover was Rs 10023.92 crore. Total market wide turnover was at Rs 140462.57 crore.

Asian stocks were mixed in early trading today, with Tokyo''s Nikkei Average trading flat as gains in brokerage stocks such as Nomura Holdings offset a weaker start by Toyota Motor Corp.

Japan''s Nikkei was flat at 17,055.49, Hong Kong''s Hang Seng declined 0.13% or 36.48 points at 28,163.27, However, Taiwan''s Taiwan Weighted rose 0.79% or 75.97 points at 9,699.22, Singapore''s Straits Times surged 1.02% or 38.76 points at 3,832.59.