It was a mixed close for markets with benchmark indices managing a positive close but the midcap and smallcap index closing in red. buying seen in select largecap IT and bank stocks. Breadth was negative and the advance:decline was at 1:6. Nifty closed above 4600 and Sensex closed above 15300. BSE Midcap and smallcap index were down over 3.5%.

Sensex closed up 294.57 points or 1.96% at 15289.40, and the Nifty up 35.90 points or 0.78% at 4609.85.

About 678 shares have advanced, 2329 shares declined, and 53 shares are unchanged.

The BSE Midcap Index ended at 5,805.53 down 2.7%.

The BSE Smallcap Index ended at 6,950.12 down 3.7%.

The BSE Bankex closed at 7,785.05 up 3%. ICICI Bank, HDFC, HDFC Bank, Centurion bank, Axis, IOB closed in green.

The BSE Capital Goods Index closed at 13,368.34 up 1%. Larsen, Jyoti Structure, BHEL, Siemens, ABB closed higher.

The BSE Auto Index closed at 4,404.48 up 0.1%. Apollo Tyres, Escorts, Ashok Leyland, Hind Motors closed higher.

The BSE Metal Index closed at 12,787.61 down 5%. Hindalco, Sterlite, Nalco, SAIL, JSW Steel, Jindal Steel, Jindal Stainless, Hind Zinc closed higher.

The BSE FMCG Index closed up 0.6% at 2,142.40. Colgate, ITC, Nestle, Dabur ended higher

BSE Oil and Gas Index closed at 9,730.91 up 0.1%.  BPCL, HPCL, IOC, Reliance Natura, GAIL ended higher.

The BSE IT Index was at 3,450.39 up 2.5%. HCL Tech, Wipro, Infosys, Tech mahindra, TCS, closed higher.

The NSE cash turnover was at Rs 10796.34 crore and the NSE F&O turnover was at Rs 42610.26 crore. The BSE cash turnover was Rs 4670.59 crore. Total market wide turnover was at Rs 58077.19 crore.

Asian markets were trading firm. Taiwan's Taiwan Weighted surged 4.05%, Japan's Nikkei rose 0.37%, Singapore's Straits Times was up 2.34%, South Korea's Seoul Composite added 0.44%.