Markets end higher; Realty, Bankex lead rally

Markets recovered from afternoon loses and ended the day higher with buying interest in Realty and banking stocks leading to a smart jump in indices. Firm trends from Asia also helped support the market.

Markets gained on hopes of key vote for FDI in multi-brand retail in Rajya Sabha.

The Nifty ended the day higher by 30 points, while the Sensex gained 94 points. Retail stocks ended the day higher with Pantaloon Retail up by 0.36%, Shopper's Stop higher by 0.28% and Provogue gained by 6.67%.

JP Associates, Axis bank, Tata Motors, Reliance Infra and Bhel were among the top Nifty gainers. Today's rally was also led by Reality stocks.

Shares of MphasiS, a leading Indian IT services company surged after the company posted its financial results for the fourth quarter and year ended 31 October 2012.

Among the sectoral indices, Realty, Bankex, Power were leading the rally. The sectors in red were IT, TECk, Health Care.

Top index losers were HCL, Bharti Airtel, Infosys, TCS.

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