The market saw a strong bull punch and recovered very smartly today. The Sensex closed at 18852, up 326 points while Nifty closed at 5608, up 89 points from the previous close. The BSE Midcaps and BSE Smallcaps Index both closed in the positive, up nearly 1.2%. The market breadth was positive with advances at 835 against declines of 354 on the NSE. The Nifty gainers included Reliance Industries, Sterlite, NTPC, HDFC and Unitech while losers included Hindustan Petroleum, HDFC Bank, Maruti, GAIL and ONGC.

The market saw high drama this week: choppiness, a fall and then a recovery. Though global cues tried to dampen spirits on Dalal Street the market showed great resilience. The weekly figures are: Sensex down 4.3%, Nifty down 5%, BSE Midcaps down 3.3%, BSE Smallcaps down 2%, BSE Realty down 7.5%, BSE Bankex, BSE Metals and BSE FMCG all down 5%, BSE Capital Goods down 6.5%, BSE IT down 3% and BSE Oil&Gas down 4%.