New Delhi: After a quiet start on Monday the markets gathered momentum and ended with marginal gains, while Asian markets ended significantly higher.
The benchmark Sensex was back in the positive zone with a moderate gain of about 17 points on the Bombay Stock Exchange largely on the back of buying in capital goods stocks, triggered by faster-than-expected industrial growth in January.
The 30-share index, Sensex, which lost over 164 points on Friday, recovered to 13,056.86 points at mid-way but profit-taking trimmed most of gains and ended 17.64 points higher at 12,902.63.
Similarly, on the wide-based National Stock Exchange, Nifty index ended 16.60 points higher at 3,734.60 after moving between 3,781.45 and 3,713.90.
Market observers said expectations of bright prospects for the capital sector following a robust growth of 10.9 per cent in Industrial production in January, mainly fuelled buying activity in infrastructure sector stocks.
Major gainers in the capital goods segment were BHEL, Larsen and Toubro, ABB, Siemens and Punj LLoyd.
The major draggers being cement stocks namely Gujarat Ambuja, ACC and Grasim and biggies like ITC.
Idea saw trades with good volume and Mindtree was up over 15 per cent with significant volume.
Midcap IT was very active throughout the day. Oil stocks held out their gains.
Advance decline number was in favour of advances largely because of smallcaps.
Overall it was a rangebound movement with low volumes.
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