The market saw ups and downs today but majorly it moved smooth with 54 points up in the last close. It rose up to 18,650 and declined to 18,449. The market opened at 18,563. The NSE Nifty was above by 5600.

The purchasing was witnessed in reality, banks, metals, capital goods and pharmaceutical stocks but IT sector remained weak. The giants like Reliance, ICICI Bank, ITC, L&T and HDFC contributed heavily to the Sensex while Infosys, TCS, ONGC and M&M did not do well.

Speaking on the flourishing condition of the market, Nilesh Shah of Axis Bank said that the evaluation would raise the market for sure but it would take time. The decisions taken by the government would play a positive role in getting more investments and, the monsoon and the festival season would also play their part in doing so.

The top beneficiaries and the losers on the Sensex, post lunch were Jindal Steel, DLF, ICICI Bank, Hindalco ad Tata Motors being the gainers and Bajaj Auto, Infosys, Hero Honda, ONGC, Reliance Communication were losers.

The most active shares on BSE were of Rushil Decor, Power Finance, Rural Electrical Corporation.

When market prepared the balance sheet it was found that irrespective of its losses it was riding high on gains with minimum effect of inflation.

Owing to blasts in financial capital-Mumbai, the Nifty index opened in the red but managed to rise.