Indian Market Push At Afternoon

The markets gained momentum in the afternoon after a subdued session in the morning and closed with substantial gains. IT and oil & gas led the rally and banking, auto and FMCG, too, played their part in supporting the indices. Realty, metal and capital goods closed with moderate declines. The Sensex closed at 17083, up 199 points from its previous close, and the Nifty shut shop at 5132, up 54 points. The CNX Midcap index closed with 0.4% gain while the BSE Smallcap index was up 0.3% in today's trade. The market breadth was negative with advances at 705 against declines of 718 on the NSE. The top Nifty gainers were Jindal Steel, Wipro, TCS and Bharti Airtel while the biggest losers included Sesa Goa, Tata Steel, DLF and Coal India.