The markets maintained their upward movement for the third consecutive day on the back of strong buying witnessed in the Index heavyweight like Reliance Ind & State Bank of India which has been consolidating for quite some time.

Global Asian cues were also positive today. Hang Seng was up 2.14% and Shanghai rose 1.71% and Taiwan Weighted gained 1.2%. The Sensex closed up 107 points to
16,123 and the Nifty rose 22 points to 4,805 after hitting an intraday high of 4842.

Metal, oil & gas and capital goods stocks rose today while auto, realty and IT stocks ended lower.

The BSE metal index gained 2.5 %. Jindal South West Hold was up 20%, Hindalco, Sterlite, Tata Steel and Sesa Goa were up 3-6%.

The oil & gas index was also up 2 %. RIL and Reliance Petroleum were the main gainers up over 3.4 % each. Cairn was up 1.6%.

The BSE auto index fell nearly 1 %. Amtek Auto plunged 8.7 % today. Maruti ends lower 2.3%.

The BSE realty index shed 0.8 %. In the realty space, Kolte-Patil Developers, Peninsula Land and Ansal API fell over 3 % each. Unitech end lower 1.4%.

In the commodity pack, the BSE Metal Index went up 2.5%, Nymex Crude also rose 1%. Among the precious metals Gold touched $ 1000/ounce mark again for the first time since March 2008. Silver was up 3% at 13-month high.

In the Sensex pack Hindalco was the top gainer. The stock jumped 6 % to Rs 114. Sterlite Ind and SBI were the other main gainers, up over 4.3 % each. Index heavyweight RIL surged 3.7 % to end at Rs 2,075.

Tata power, however, was the biggest loser in the group. The counter fell 3 % to Rs 1,280. HUL, M&M and RCom were the other main losers down more than 2.2 % each.