Markets End in Green

Markets ended up marginally, after recovering from the lows of the day. The Sensex touched a high of 18,527 in morning trades on the back of strong FII investments. However, weakness in oil & gas and FMCG stocks, dragged the index down 204 points from the high to an intra-day low of 18,323. Thereafter the Sensex recovered to finally end at 18,492 - up 80 points. The Nifty ended up 19 points at 5,545. Global markets were also trading in the positive zone. The Nikkei gained 0.7% at 9,649. Hang Seng and Shanghai Composite were flat at 22,062 and 2,759, respectively. Markets are likely to be choppy ahead of the derivatives expiry on Thursday when traders would be rolling over their positions. The probability of the end of the QE2 this week, may also weigh on the markets. BSE capital goods, healthcare and consumer durables gained 1% each in trades today. The auto, power and bankex were up 0.5% each. Markets will also look towards the Quarter 1 results for direction. HDFC would kick start the result season on July 8, 2011.