SENSEX closed at 17412, up 74 points and Nifty at 5222, up 24 points from the previous close. CNX MIDCAP index was up 0.2% and BSE SMALLCAP index was up 0.9%. The market breadth was positive with advances at 790 against declines of 493 on the NSE. FERTILIZER and SUGAR sector attract major buying while AUTO and OIL-GAS appeared under selling pressure. Indices moved below the dotted line in the earlier hours but buying at lower levels led a strong closing. Top gainers are listed as RCOM, STER, DLF, JAIPRA, RELINFRA, RPOWER, SUZLION, RCOM and DLF. Top losers are listed as ONGC, TCS, MARUTI, HDFCBANK, M&M, BPCL and WIPRO.

In the next session market is expected to attract buying at little dip. However 5180 may act as a good support level. Intraday traders are suggested to buy at declines as long as NIFTY trades above 5180. NIFTY may face resistance near 5300., METALS, REAL-ESTATE and POWER SECTOR may take a bull run while AUTO and OIL-GAS may face selling pressure.

Investors having a horizon of 6-12 months can buy the following companies. The companies have a potential to give higher returns than index over a long term.

Tata Consultancy Services, a leading IT services, business solutions and outsourcing firms and Xynteo, a strategic advisory firm specialising in low-carbon growth, announced a collaboration to jointly create solutions for a low-carbon economy.

Strides Arcolab has announced that the U.S. Food and Drug Administration has granted approval of Sumatriptan Succinate Injection 6 mg (base)/0.5 mL, a selective agonist for a vascular 5-hydroxytryptaminei receptor subtype. It is used for the acute treatment of migraine attacks with or without aura and the acute treatment of cluster headache episodes.

ABM Knowledgeware has announced that the company has been awarded E-Government contracts worth Rs 60.03 crore by the Project Management Consultant of Urban Development Department, Government of Maharashtra.