Nifty Ends Above 5600; Tech, Realty, Metals Lead

Indian markets broke through the Cross and the session ended with a positive ground advantage in European markets intensified feelings. Upmove led the advantages of technology, property, and as power metal, auto and capital goods shares edged lower.

The benchmarks were opened on a positive note and rank bound in the absence of activity towards the purchase and investors remained cautious side, on the American debt crisis and debt default. Observed movement of certain companies that reported quarterly results. But the positive opening of European markets and benchmarks supported by the difference between a closed above the resistance level of comfort.

According to analysts, investors should be cautious in the medium term is still negative.

National Stock Exchange Nifty closed 5,613.55 up 46.50 points or 0.84 percent. The broader index touched the lowest to the highest level of 5,627.65 5,557.20 in trading today.

Bombay Stock Exchange SENSEX ended 146.83 points to 18,653.87, or 0.79 per cent. 30-share index touched the highest intra-day low 18,481.83 and 18,690.42.

"As long as we trade under the 5700-5750 medium term remains negative. Break below 5496 would have a domino effect and the green trend channel support at 5340 if you can be damaged, opened 5200," said Sarvendra Srivastava, Technical Strategist, Emkay Global Financial Services .

BSE MidCap Index rose 0.41 per cent and BSE SmallCap Index moved 0.82 percent higher.

Among the sectoral indices the BSE IT index rose 1.17 percent, 1.12 percent of the BSE Realty Index and BSE Metal Index moved 0.90 percent higher. BSE Auto Index fell 0.43 per cent, BSE Power Index edged 0.26 percent lower and BSE capital goods Index slid 0.13 percent.

Kotak Bank (2.61%), DLF (2.30%), the Sterling Industries (2.02%), Sun Pharma (1.86%) and Cairn India (1.70%) major Nifty gainers.

HDFC Bank shares hit record high of Rs 519.50 at the beginning of the first quarter before trading. The bank reported net profit of Rs 1,085 crore for the quarter ended June 2011 against Rs 811 crore in the same quarter a year ago. Total income increased by Rs 7,098 crore from Rs 5,410 crore in the same period last year.

Tata Motors (-1.60%) Hero Honda (-1.20%), Maruti (-1.13%), HDFC Bank (-0.79%) and Hindustan Unilever (-0.71%) were among the best losers.

Market breadth was positive with 1691 gainers on the NSE against the losers in 1233

European markets witnessed a pull-back rally and the U.S. will likely follow.