to trade in the green zone. Moreover a positive buying spree form the FII community also helped keep up the positive momentum," he added.
Overall, 10 out of 12 sectoral indices closed in the green. Of 30 sensex-based scrips, 22 finished with gains. Among sectoral indices, FMCG rose by 0.99 per cent, consumer goods 0.94 per cent, auto 0.86 per cent, healthcare 0.82 per cent and Bankex 0.56 per cent.
Market breadth turned positive as 1,357 ended higher, while 1,339 finished lower and 145 ruled steady. Asian stocks ended mixed between gains and losses as energy shares advanced, countering decline in raw material producers. Key benchmark indices in China, Hong Kong, South Korea and Taiwan rose by 0.29-0.54 per cent. Indices in Singapore and Japan fell by 0.50-0.54 per cent.
European stocks were trading lower. Key indices in France, Germany and UK eased by 0.18-0.37 per cent.
Sahaj Agrawal, Deputy Vice President- Derivatives Research, Kotak Securities
Markets witnessed significant volatility in the February series. Every correction got bought into led by an up-move in the index. Private banks outperformed while PSU segment consolidated. CNX IT, Capital goods did well while the metal space underperformed. Considering the rollover into the March series we expect upsides to be limited. Selling pressure can be expected around 6300-6350 levels. On the downside strong support is seen at 6100 levels below which 5950 can be tested. For the medium term we remain positive on the market and advice accumulation of select stocks.
Indian shares end at near five-week high on heavy foreign buying
(Reuters) Indian shares rose for a fourth straight session on Wednesday to close at their highest in more than a month as blue chips such as ITC Ltd rose on heavy buying by foreign investors despite expectations of volatility due to derivatives expiry.
Overseas investors have been net buyers of cash shares in each of the previous nine sessions, with inflows totalling $533.2 million, exchange and regulatory data showed, calming worries about the U.S. Federal Reserve's stimulus tapering and a slowdown in China.
Also boosting sentiment was