Capital Goods, Power and Banking Stocks lift Indian Indices during the closing session

Capital Goods, Power and Banking Stocks lift Indian Indices during the closing sessionThe benchmark indices ended higher after three day's of consolidation. Buying was seen in infrastructure, banking, capital goods, pharma, while auto, select cement, reality and technology stocks remained under selling pressure. The Sensex was up 151 points to close at 13887 after remaining in the range of 13936-13611. The Nifty shut at 4238 up 28 points. Among the broader indices - the BSE smallcap index rose 3.2 % and the BSE midcap index gained 1.8 %, outperforming the Sensex.

On the Weekly basis, the Sensex surged 1713 points or 14.07% and Nifty shot up 15.44% or 566 points. The BSE midcap index advanced 24 % this week while the smallcap index jumped nearly 29 %.

Movers & Shakers

The BSE capital goods index surged 2.9 %. Praj Industries up 12 % was one of the biggest gainers in the capital goods space. LT was up 5%, ABB up 2%.

The BSE banking index gained 1.8 %. Among the banking counters, Karnataka Bank, IDBI, ICICI Bank and Kotak Mahindra Bank rose over 4 % each. Karnataka Bank zoomed 14 % to Rs 140 today.

In the power space RELINFRA was up 1%, NTPC up 2%, PTC up 8% and JINDALST POWER up 3%.

Pharma counters witnessed buying interest. Stocks like CIPLA up 3%, BIOCON up 8%, FORTIS HEALTHCARE up 12% and GLENMARK PHARMA up 10%.

In the Sensex pack L&T was the top gainer. The stock gained 4.7 % to end at Rs 1,301. ICICI Bank and RIL were the other major gainers in pack, up over 3 % each.

However, Sterlite Industries, M&M and Tata Motors slid more than 3 % each and were the major losers in the Sensex pack.