Markets have bounced back amid choppiness in last one hour of trade and ended marginally in green. Buying interest was seen in banking, capital goods, power, cement, select technology and auto stocks. Decline in Crude by USD 2 a barrel also helped markets a bit. Frontline indices shrugged off weak global cues in late trade.

The Sensex closed at 14,482.22, up 31.87 points or 0.22% after touching an intraday high of 14,495.27 and low of 14,286.38. Nifty ended with a gain of 2.15 points or 0.05% at 4337.50. It has hit a high/low of   BSE Midcap and Small Cap indices ended flat at 5,744.77 and 6,912.62.

Indices had started on a weak note in early trade following weak global cues as credit concerns renewed in US financial space. Many times these indices made an attempt to reduce gap down but that did not succeed. But in last one hour of trade buying support was seen in banking, capital goods, power, cement and technology stocks, which helped markets to turn back in green.

Amongst frontliners, HDFC Bank shot up by 3.92%, Satyam 3.25%, HCL Tech 2.77%, Wipro 2.25%, BHEL 1.96% and M&M 1.91%. However, Suzlon Energy lost 3.77%, Zee Entertainment -2.62%, Reliance Industries -2.40%, Dr Reddys Labs -2.38%, Jaiprakash Associates -1.85%, Idea Cellular -1.50% and Tata Steel -1.37%.

Banking stocks have shown smart recovery in second half of session, Index jumped by 116.82 points or 1.73% at 6,862.54. IndusInd Bank, HDFC Bank, Bank of Baroda, Kotak Mahindra, ICICI Bank, PNB, Union Bank and SBI have gained.

Auto Index rose by 50.64 points or 1.31% at 3,916.49 due to buying in Bosch, Apollo Tyres, M&M, Maruti Suzuki, Exide Industries and Ashok Leyland.

Technology stocks like NIIT, Satyam, Tech Mahindra, HCL Tech, Wipro and TCS have gained. Index ended with a gain of 33.05 points or 0.86% at 3,895.48. Main reason behind this surge in tech stocks is surge in Indian Rupee, which hit 44 a dollar in early trade and remained around that mark. However, Infosys Technologies was down 0.32% at 1,697.60 despite the news that the company is going to buy UK based Axon for Rs 3300 crore.

FMCG stocks also ended higher, which include Rei Agro, Marico, HUL, ITC and Dabur India. Index was up by 0.72% at 2,194.18.

Power Index gained 0.53% to settle at 2,586.75 as buying was seen in Reliance Infra, Tata Power, NTPC, Reliance Power and GMR Infra.

Pharma stocks like Sun Pharma Advanced, Piramal Healthcare, Apollo Hospital, Fortis Health, Glenmark, Sun Pharma and Ranbaxy Labs also moved up. Healthcare Index rose 0.48% at 4,312.25.

Capital Goods Index was up marginally by 0.30% at 11,893.41 on the back of buying in Punj Lloyd, Crompton Greaves, BHEL, Siemens, Kirloskar Oil, Thermax and L&T.

However, Oil & Gas Index underperformed other indices, lost 116.85 points or 1.18% at 9,768.34 due to Reliance Industries, Aban Offshore and Cairn India. However, RNRL, Reliance Petroleum, GAIL, HPCL and ONGC have gained. Crude has declined nearly $ 2 to USD 113.21 a barrel.

Realty stocks like Indiabulls Real, Puravankara Projects, Mahindra Life, HDIL and Omaxe have plunged. Index fell 30.83 points or 0.61% at 5,012.69.

Metal Index was down by 61.29 points or 0.50% at 12,182.08. Guj NRE Coke, Welspun Guj, Bhushan, Tata Steel, JSW Steel, Sterlite Ind and Hindustan Zinc ended in red.

Reliance Industries, Infosys, ICICI Bank, Tata Steel and HDFC were most active counters on the bourses.

Total turnover traded in markets has improved a bit in today's trade, which stood at Rs 62,216.38 crore. This includes Rs 8,658.30 crore from NSE Cash segment, Rs 49,779.36 crore from NSE F&O and balance Rs 3,778.72 crore from BSE Cash segment.

Market breadth also recovered a bit but remained in favour of declines. About 1314 shares have advanced while 1514 shares declined. Nearly 339 shares remained unchanged.

Asian markets ended lower. Shanghai fell 2.62%, Nikkei -0.78%, Straits Times -0.96%, Kospi -0.79%, Taiwan Weighted -0.94%, Jakarta -0.92% and Hang Seng -0.23%.