Indian Stock markets continued the upward move on Wednesday as well. The markets opened sharply lower on the back of weak global cues and disappointing guidance from Infosys, but saw significant recovery from the day's low as huge buying interest from the Institutional and local players helped the Sensex successfully to close above 11,000 mark while the Nifty to close above the 200-day moving average of 3,425.

The BSE Sensex has touched an intraday high of 11,337 before closing the day at 11,284 up 318 points or 2.9%. The Nifty shut at 3,484 up 3% or 101 points after hitting a high of 3,497 and low of 3,336.

Huge buying interest was seen in the broader indices. The BSE Midcap Index went up 137 points or 3.95% and Small cap Index closed up 5.3% or 208 points. The market breadth remained strong throughout the session and the turnover and was highest since September 25, 2008. Barring IT, all sectoral indices on the BSE ended with huge gains.

Movers & Shakers

The realty index rallied 8.8 %. Ansal API, Unitech, Peninsula Land and DLF were the top gainers up more than 10 % each.

The BSE capital goods rose 7.4 %. Punj Lloyd surged 14%. BHEL was up 9.5%. Siemens, L&T and ABB were up 3-7%.

The BSE bankex surged 4.5 %. Axis Bank, ICICI Bank, Kotak Mahindra, SBI and PNB were up 5-9%.

The BSE auto index gained 3.9 %. Ashok Leyland, Bharat Forge, M&M and Maruti Suzuki rose 3-7%.

The IT index, however, was a dragger. The BSE IT index ended 1.7 % lower. Infosys and TCS were the major losers in the group down 2.7 % and 2.4%.

Among the Sensex Tata Motors, was the top gainer in the group up 11.5%. Other major gainers in the group were DLF, BHEL, Reliance Infra and ICICI Bank up 6-9%.