The markets closed the last session of the week on a positive note. The first day of the week was memorable and will be called as a Golden Monday. The markets celebrated the clean sweep win of United Progressive Alliance (UPA) in the Lok Sabha Election of 2009 and touched two upper circuits on Monday.

Today's small rally was led by infrastructure and select financials and by stocks like Reliance Industries and Infosys. The markets were volatile throughout the day. The selling in auto, cement, select technology stocks along with ONGC, DLF, Sterlite and Reliance Communication capped the gains.

The 30-share BSE Sensex closed 150.61 points or 1.1% higher at 13,887.15, it witnessed a swing of 325.63 points during the day between an intraday high of 13,936.93 and low of 13,611.30. The index surged 1713.73 points or 14.07% this week from last week closing value of 12,173.42.

The 50-share NSE Nifty shot up 15.44% or 566.85 points from the previous week closing figure of 3,671.65. It closed today's session at 4238.50, up 0.66% or 27.60 points, after seeing a swing of 93.65 points between a day's high/low of 4249.50 and 4155.85, respectively.

The BSE Midcap Index rose 81.81 points or 1.75%, to settle at 4,755.68 and the Smallcap Index shot up 170.63 points or 3.19%, to 5,513.16. Both the indices gained 24.92% and 28.82% this week, respectively.

Among the frontliners, Reliance Industries, NTPC, L&T, ICICI Bank, Bharti, SBI, Infosys, HDFC and BHEL were the leading counters in today's trade. NTPC gained 2%, as Q4 net profit surged 57.69% to Rs 2,113 crore and net sales increased 6.54% to Rs 11,445.8 crore.

Ajay Loganadan, Head-Investment Advisory Group Private Banking, HSBC Private Banking said, ''What is built in right now is high expectations from the new government, high expectations with regards to reforms what we are going to see out of the Budget etc. So given this run up as of this morning we have downgraded India from an overweight to neutral.

''From a long-term perspective of three-five years – we are still bullish and overweight India. Now it is just that over the next few months given the run up, people are going to wait to see formation of the cabinet, what kind of announcements come out from the Budget. So over the next couple of months, we would probably see enough volatility.''

The markets closed the last session of the week on a positive note. The first day of the week was memorable and will be called as a Golden Monday. The markets celebrated the clean sweep win of United Progressive Alliance (UPA) in the Lok Sabha Election of 2009 and touched two upper circuits on Monday.

Today's small rally was led by infrastructure and select financials and by stocks like Reliance Industries and Infosys. The markets were volatile throughout the day. The selling in auto, cement, select technology stocks along with ONGC, DLF, Sterlite and Reliance Communication capped the gains.

The 30-share BSE Sensex closed 150.61 points or 1.1% higher at 13,887.15, it witnessed a swing of 325.63 points during the day between an intraday high of 13,936.93 and low of 13,611.30. The index surged 1713.73 points or 14.07% this week from last week closing value of 12,173.42.

The 50-share NSE Nifty shot up 15.44% or 566.85 points from the previous week closing figure of 3,671.65. It closed today's session at 4238.50, up 0.66% or 27.60 points, after seeing a swing of 93.65 points between a day's high/low of 4249.50 and 4155.85, respectively.

The BSE Midcap Index rose 81.81 points or 1.75%, to settle at 4,755.68 and the Smallcap Index shot up 170.63 points or 3.19%, to 5,513.16. Both the indices gained 24.92% and 28.82% this week, respectively.

Among the frontliners, Reliance Industries, NTPC, L&T, ICICI Bank, Bharti, SBI, Infosys, HDFC and BHEL were the leading counters in today's trade. NTPC gained 2%, as Q4 net profit surged 57.69% to Rs 2,113 crore and net sales increased 6.54% to Rs 11,445.8 crore.

Ajay Loganadan, Head-Investment Advisory Group Private Banking, HSBC Private Banking said, ''What is built in right now is high expectations from the new government, high expectations with regards to reforms what we are going to see out of the Budget etc. So given this run up as of this morning we have downgraded India from an overweight to neutral.

''From a long-term perspective of three-five years – we are still bullish and overweight India. Now it is just that over the next few months given the run up, people are going to wait to see formation of the cabinet, what kind of announcements come out from the Budget. So over the next couple of months, we would probably see enough volatility.''

The markets closed the last session of the week on a positive note. The first day of the week was memorable and will be called as a Golden Monday. The markets celebrated the clean sweep win of United Progressive Alliance (UPA) in the Lok Sabha Election of 2009 and touched two upper circuits on Monday.

Today's small rally was led by infrastructure and select financials and by stocks like Reliance Industries and Infosys. The markets were volatile throughout the day. The selling in auto, cement, select technology stocks along with ONGC, DLF, Sterlite and Reliance Communication capped the gains.

The 30-share BSE Sensex closed 150.61 points or 1.1% higher at 13,887.15, it witnessed a swing of 325.63 points during the day between an intraday high of 13,936.93 and low of 13,611.30. The index surged 1713.73 points or 14.07% this week from last week closing value of 12,173.42.

The 50-share NSE Nifty shot up 15.44% or 566.85 points from the previous week closing figure of 3,671.65. It closed today's session at 4238.50, up 0.66% or 27.60 points, after seeing a swing of 93.65 points between a day's high/low of 4249.50 and 4155.85, respectively.

The BSE Midcap Index rose 81.81 points or 1.75%, to settle at 4,755.68 and the Smallcap Index shot up 170.63 points or 3.19%, to 5,513.16. Both the indices gained 24.92% and 28.82% this week, respectively.

Among the frontliners, Reliance Industries, NTPC, L&T, ICICI Bank, Bharti, SBI, Infosys, HDFC and BHEL were the leading counters in today's trade. NTPC gained 2%, as Q4 net profit surged 57.69% to Rs 2,113 crore and net sales increased 6.54% to Rs 11,445.8 crore.

Ajay Loganadan, Head-Investment Advisory Group Private Banking, HSBC Private Banking said, ''What is built in right now is high expectations from the new government, high expectations with regards to reforms what we are going to see out of the Budget etc. So given this run up as of this morning we have downgraded India from an overweight to neutral.

''From a long-term perspective of three-five years – we are still bullish and overweight India. Now it is just that over the next few months given the run up, people are going to wait to see formation of the cabinet, what kind of announcements come out from the Budget. So over the next couple of months, we would probably see enough volatility.''

The markets closed the last session of the week on a positive note. The first day of the week was memorable and will be called as a Golden Monday. The markets celebrated the clean sweep win of United Progressive Alliance (UPA) in the Lok Sabha Election of 2009 and touched two upper circuits on Monday.

Today's small rally was led by infrastructure and select financials and by stocks like Reliance Industries and Infosys. The markets were volatile throughout the day. The selling in auto, cement, select technology stocks along with ONGC, DLF, Sterlite and Reliance Communication capped the gains.

The 30-share BSE Sensex closed 150.61 points or 1.1% higher at 13,887.15, it witnessed a swing of 325.63 points during the day between an intraday high of 13,936.93 and low of 13,611.30. The index surged 1713.73 points or 14.07% this week from last week closing value of 12,173.42.

The 50-share NSE Nifty shot up 15.44% or 566.85 points from the previous week closing figure of 3,671.65. It closed today's session at 4238.50, up 0.66% or 27.60 points, after seeing a swing of 93.65 points between a day's high/low of 4249.50 and 4155.85, respectively.

The BSE Midcap Index rose 81.81 points or 1.75%, to settle at 4,755.68 and the Smallcap Index shot up 170.63 points or 3.19%, to 5,513.16. Both the indices gained 24.92% and 28.82% this week, respectively.

Among the frontliners, Reliance Industries, NTPC, L&T, ICICI Bank, Bharti, SBI, Infosys, HDFC and BHEL were the leading counters in today's trade. NTPC gained 2%, as Q4 net profit surged 57.69% to Rs 2,113 crore and net sales increased 6.54% to Rs 11,445.8 crore.

Ajay Loganadan, Head-Investment Advisory Group Private Banking, HSBC Private Banking said, ''What is built in right now is high expectations from the new government, high expectations with regards to reforms what we are going to see out of the Budget etc. So given this run up as of this morning we have downgraded India from an overweight to neutral.

''From a long-term perspective of three-five years – we are still bullish and overweight India. Now it is just that over the next few months given the run up, people are going to wait to see formation of the cabinet, what kind of announcements come out from the Budget. So over the next couple of months, we would probably see enough volatility.''

Global cues

At the time of closing of Indian equities, European markets were trading higher. The FTSE went up 32 points, to 4,377. The CAC rose 30 points, to 3,247 and the DAX was trading at 4,946, up 45 points. 

Among the US futures, the Dow Jones futures rose 48 points, to 8,343 and the Nasdaq futures gained 9.5 points at 1,377.

Asian markets ended mixed. Shanghai Composite, Hang Seng and Nikkei fell 0.4-0.8%. Seoul Composite slipped 1.26%. However, Straits Times gained 1.55% and Taiwan Weighted rose 0.28%.