Markets have rebounded sharply on the back of buying in heavily beaten down sectors like realty, capital goods, power, banking and FMCG, and managed to recover nearly half of gain, which lost in Thursday's trade. Especially, Realty and Capital Goods Indices shot up around 6.5% each. The Nifty has got back above 4000 mark, for that L&T, Reliance Industries, ICICI Bank, Reliance Communication, ITC, BHEL, HDFC, DLF and ONGC were big contributors.

Indices did not react to higher inflation numbers and even to weak European markets in today's session. Inflation for the week ended June 21 has inched up to 11.63% as against 11.42% in earlier week. It has revised to 8.27% for the week ended April 26 versus 7.61% earlier.

Finance Ministry sees inflation on higher side at 13% in near-term.

The Sensex has touched an intraday high of 13,509.74 and low of 13,027.79, before ending the day at 13,454, up 359.89 points or 2.75%. The Nifty clawed back above 4000 mark, which hit a high/low of 4033.50 and 3896.40, respectively. It closed at 4016, up 90.25 points or 2.3%.

In the F&O segment, shorts still remained in Nifty Futures, which added 34.8 lakh shares in open interest. Stock specific long build up has seen in today's trade. Capital Goods, Realty and Infrastructure stocks have seen fresh long build up.

Amongst frontrunners, Reliance Comm shot up 12.50%, Siemens 11.17%, Jaiprakash Associates 10.65%, Tata Power 9.78%, Unitech 8.01%, DLF 8.56%, BHEL 7.43% and Reliance Infra 7.21% while Sun Pharma plunged 4.27%, Sterlite Ind -2.64%, Tata Steel 2.64%, GAIL -2.57%, Cairn India -2.16%, Cipla -1.70% and TCS -1.30%.

Sector of the day was Realty, which outperformed other indices. It was up 335.13 points or 7.8% to settle at 4,630.35 as real estate stocks like Ansal Properties, HDIL, Peninsula Land, Mahindra Life, DLF, Unitech and Indiabulls Real gained 7-13.6%.

Capital Goods Index surged 679.27 points or 6.79% at 10,686.55 on the back of buying in Astra Microwave, Punj Lloyd, Alstom Projects, Siemens, Triveni Engg, Areva T&D, Crompton Greaves, BHEL, L&T and ABB, which rose around 6-20%.

Power stocks have charged up fully, index shot up 132.61 points or 6.1% to close at 2,306.24. Power stocks like Tata Power, Lanco Infratech, Suzlon Energy, Reliance Infra, GMR Infra, GVK Power and Reliance Power were up 4-9%.

Bankex gained 173.04 points or 3.06% at 5,820.83 due to buying in IOB, Yes Bank, Kotak Mahindra, ICICI Bank, IDBI Bank, Axis Bank, Allahabad Bank, Karnataka Bank, Bank of India, Oriental Bank, SBI and HDFC Bank.

Telecom stocks like Reliance Comm, Tata Comm, TataTeleservices, MTNL, Idea Cellular and Bharti Airtel have moved up higher.

Auto Index inched up by 1.62% at 3,432.41, as buying seen in Amtek Auto, Cummins, Exide Industries, Escorts, Bajaj Auto, Ashok Leyland, Tata Motors, Hind Motors and M&M.

Oil & Gas Index was up 143.69 points or 1.61% to settle at 9,066.16 due to buying in RNRL, Essar Oil, Petronet LNG, ONGC, HPCL, Reliance Ind and BPCL.

FMCG stocks like Dabur India, Marico, HUL, Ruchi Soya, Britannia, Tata Tea and ITC. Index shot up 1.08% at 1,939.36.

IT Index ended with a gain of 0.74% at 4,068.49 on back of buying in I-Flex Solutions, Patni Computer, Mphasis, Satyam, Tech Mahindra, Aptech and Infosys.

Healthcare Index was up marginally by 0.38% at 4,123.29. Panacea Biotech, Matrix Lab, Aurobindo Pharma, Orchid Chemical, Ranbaxy Labs and Wockhardt shot up around 4-9%.

Midcap Index rose by 116.48 points or 2.26% at 5,278.24 and Small Cap Index surged 100.50 points or 1.58% at 6,449.67. Amongst midcap stocks, Simplex Infra, KS Oils, Gitanjali Gems, SREI Infra, Ansal Properties, Alstom Projects, Hind Constr, DCB, Triveni Engg and Peninsula Land gained 10-18%.

In the small cap space, Shrenuj and Co, Astra Microwave, Ahmednagar Forg, Panchmahal Stee, Ingersoll Rand, JBF Industries, Borosil Glass, Bliss GVS, Genus Power and Empire Ind were up by 10-20%.

However, Metal Index lost 0.63% at 12,037.64 due to selling in NMDC, Tata Steel, Sterlite Ind, Sesa Goa, Guj NRE Coke and SAIL.

Market breadth was positive; about 1792 shares have advanced while 1085 shares declined. Nearly 260 shares remained unchanged.

Most active counters on the bourses were Reliance Capital, Reliance Industries, Reliance Infra, DLF, Reliance Comm, L&T and ICICI Bank.

However, markets remained weak on weekly basis; Sensex ended down by 2.5% and Nifty down 3%. Amongst sectoral indices, BSE Metal Index fell 9%, wherein Tata Steel, SAIL were down nearly 11.5%. Cement stocks have lost ground; ACC was down 18%, Grasim -13% and Ambuja Cem -7.5%. In the realty space, Unitech slid 9.5% and DLF down 2.5%.

Turnover traded by the markets stood at Rs 62387.17 crore. This includes Rs 12498.5 crore from NSE Cash segment, Rs 44222.2 crore from NSE F&O and the balance Rs 5666.47 crore from BSE Cash segment.

Asian markets were trading mixed. Hang Seng was up 1.3%, Straits Times 0.4% and Jakarta Composite 0.8% while Nikkei lost 0.4%, Kospi -1.2% and Taiwan Weighted 1.3%.