On the back of coverings in the banking and metal scrips the BSE benchmark index ended in the north territory. The BSE Sensex closed at 14,243.73, 157.76 points or 0.94 per cent above its previous close.
The NSE's broad based index also ended in the green after it shed more than 100 points in the previous trading session.

Nifty jumped 43.60 points or 1.02 per cent to close at 4,327.45. It touched its intra-day low and intra-day high of 4,248 and 4,337, respectively.

Overall, the market breadth remained bearish. Out of 2725 scrips traded at the BSE, only 1212 ended in the green, while 100 remained neutral.
All the sectoral indices ended an inch higher except the BSE PSU index (down 0.36 per cent)and the BSE Realty (0.10 per cent).
The Metal index soared 168.70 points or 1.39 per cent to close at 12,335.61. The BSE FMCG index gained 25.72 points to 2,166.02.

GAINERS INCLUDES

The BSE Bankex, the BSE Auto and the BSE Oil & Gas index jumped 1.08 per cent, 1.02 per cent, and 0.90 per cent, respectively.
Metal scrips -- SAIL (up 5.02 per cent), Sterlite Industries ( 4.21 per cent), Hindalco (4.03 per cent), and Hindustan Zinc (2.33 per cent).
FMCG scrips-- REI Agro (up 5 per cent), Hindustan Uniliver (3.73 per cent) and Dabur India (0.74 per cent).
Banking scrips-- Axis Bank (up 4.19 per cent), Kotak Bank (3.23 per cent),HDFC Bank (2.6 per cent), and Bank of India (2.04 per cent).

Markets @ 1PM

The Bombay Stock Exchange benchmark Sensex rebounded at midsession today and gained nearly 119 points on emergence of buying by funds and general investors in stocks available at attractive lower levels.

The 30-share index, which lost over 434 points yesterday and fell over 100 points in early trade today, moved up by 119.15 points to 14,362.88 at 1245 hrs. The key index touched the day's low of 14,136.86.

The wide-based National Stock Exchange's index Nifty rose by 26.50 points at 4,310.35 points, after dipping to 4,248 points in early stage.

Buying activity picked up as shares dipped to recent low levels after release of inflation day last evening, a lowest in over 13-year, brokers said.

They said emergence of short covering the pending positions by speculators, further fueled buying activity.

Market @ 10 AM

The Bombay Stock Exchange benchmark Sensex fell by 107 points in early trade today on selling by funds and retail investors, after inflation accelerated to a record high amid weak global Asian markets.

The 30-share index, which had lost 434.50 points in the previous trading session, shed 106.87 points to 14,136.86, pulled down by stocks of capital goods, banking and realty sectors.

Similarly, the National Stock Exchange's index Nifty dipped by 35.85 points to 4,248.00.

Market men said, surging inflation which climbed to 12.63 per cent for the week ended August 9 and weakening trends in other Asian markets mainly dampened trading sentiments here.

Jump in crude oil prices in the global markets, which again surged to 121 US dollar a barrel, was another bearish factor, they said.

Major stocks which dragged the Sensex down were BHEL, Larsen and Toubro, Reliance Infra, Rcom, HDFC Bank, State Bank of India, ICICI Bank, HDFC Ltd, Grasim Industries, DLF Ltd, ONGC, Satyam Computers, Infosys Technologies, Bharti Airtel, ACC, Mahindra and Mahindra and Tata Power.

However, Reliance Industries, Tata Steel and SAIL were in the positive zone and capped losses to some extent.