Indian market traded with huge buying and closed with 3.5% gains in benchmark indices. Almost all sector closed in green where Auto sector appeared as biggest gainer, Banking, capital goods and realty followed the rally. The Sensex closed at 18446, up 623 points from its previous close, and Nifty closed at 5522, up 189 points.

The CNX Midcap index was up 3.2% and the BSE SmallCap index was up 2.4%. The market breadth was positive with advances at 1116 against declines of 191 on the NSE. The top Nifty gainers were Mahindra & Mahindra, JP Associates, Suzlon and Maruti while top losers were AdaniPower, EIH, Nalco, Exide, and Glaxo. .FIIs were net buyers with buying worth Rs418.51 cr (prov. cash market fig).

Market Outlook
In the next session, Nifty is expected to trade in the range 5458-5603. Below 5458, 5413 may be another strong support while sustaining above 5603 Nifty may test 5624 and 5669 levels. Banking and Metals may attract more buying while cements and Real-estate may appear comparatively weak.

Expected Bullish Stocks

GLENMARK
APOLLOTYRE
IOC
ASHOKLEY
BHARATF
HPCL
JSWSTEEL
INDUSINDB
ONGC
M&M
BIOCON
PETRONET
AUROPHARMA
PUNJLLOYD
BAJAJ-AUTO
MARUTI
BPCL
APIL

Expected Bearish Stocks

ADANIPOWER
ACC
IBREALEST
EIH
INDIACEM
RCOM
NALCO
DIVISLAB
ALOKTEX
GLAXO
PANTALOONR
NMDC
GMRINFRA
BGRENERGY
HINDOILEXP
VIDEOIND
GAIL
ESSAROIL