Markets opened in the green this morning on positive cues from Asian peers. The Sensex opened at 16,872 and surged as the governement announced a robust growth in GDP numbers.
The country's GDP grew at 7.4%, better-than the earlier predicted 7.2%.
However, markets slipped as investors took to profit booking. Asian markets like Shanghai also dropped in red. The Sensex to a low of 16,807. Volatility ruled the roost for most part of the day as markets once again gained strength and jumped to a high of 16,971 - up 164 points from the day's low.
The Sensex finally ended at 16,945 -- up 82 points. The NSE Nifty ended at 5,086 -- up 20 points.
The Indian economy grew by 8.4% in the last quarter of 2009-10, pushing up the overall growth to a better-than expected 7.4%. Manufacturing sector saw a growth of 16.3% in Q4FY10.
Asian markets ended in green but the Shanghai Composite tumbled 2.4% to 2,592. The STraits Times, Seoul Composite and Taiwan Weighted, however, added 1-2% each.
The BSE mid-cap and small-cap indices performed better than the broader index. The mid-cap index jumped 1% to 6,835. Small-cap index was up marginally at 8,547.
BSE PSU index surged 2.7% to 9,134. Auto index was up 1.8% at 7,700 ahead of the May sales figures, due later this week.
Metal stocks declined on a drop in commodity prices. Realty index dropped from the day's high to close at 3,098 - down 0.8% from the previous close.
Mahindra & Mahindra surged 5% to Rs 572. The company's net rose 36% to Rs 570.26 crore in the quarter ending March 2010. Among other auto stock, Hero Honda added 1.3% to Rs 1,938 while Maruti Suzuki was up 1% at Rs 1236.
From the oil counter, ONGC jumped 3.2% to Rs 1,167 on a 71% rise in net profit. Market heavyweight, reliance, added 1% to Rs 1,045.
BHEL and SBI gained 1.5% each at Rs 2,356 and Rs 2,268, respectively.
Reliance Infrastructure, Tata Steel and Tata Motors went up around 1% each.
However, Sterlite was weak and dropped 2.7% to Rs 663. Reliance Communications slipped 1.7% to Rs 145.
Realty stocks, Jaiprakash Associates and DLF shed 1.5% each to Rs 125 and Rs 276, respectively. Acc was down 1.2% at Rs 817.
IT stocks were in red. TCS and Infosys declined 1% each to Rs 742 and Rs 2657, respectively.
