17th May 2011 Market Closing Updates:

17th May 2011 Market Closing Updates:
The Indian markets managed to bounce back from the day's low taking support around 5400-mark despite getting a body blow from country’s largest lender, SBI, in the form of poor Q4 earnings. Oil&gas and banking stocks continued to remain under pressure. The broader markets too recouped their losses marginally.The European markets too recovered from day's low and managed to trade in green territory.
Top losers on the Sensex were 
SBI at Rs 2,425 down 7.35%, 
ONGC at Rs 279.70 down 5.98%,
Hero Honda at Rs 1,818 down 2.52%,
Reliance at Rs 922.80 down 2.28%
Jaiprakash Asso at Rs 82.95 down 2.12%.
Top gainers on the Sensex were
Jindal Steel at Rs 646.15 up 2.45%,
HUL at Rs 309.10 up 1.66%, 
TCS at Rs 1,144.30 up 1.46%, 
ITC at Rs 188.45 up 1.26% 
Tata Power at Rs 1,238 up 0.94%.

Sectors in Limelight

The Oil & Gas index was at 9,374.18, down by 299.85 points or by 3.1%. The major losers were G A I L (India) (3.81%), Hindustan Petroleum Corporation (2.17%), Indian OilCorporation (1.28%), Cairn India (0.76%) and Bharat Petroleum Corporation (0.74%).

The Bankex index was at 12,166.27, down by 275.57 points or by 2.21%. The major losers were I C I C I Bank (2.74%), Indusind Bank (2.48%), Canara Bank (2.34%), Bank Of Baroda (2.3%) and Federal Bank (0.47%).

The PSU index was at 8,589.29, down by 167 points or by 1.91%. The major losers were Bank Of Baroda(2.3%), BEML (1.17%), Bank Of Maharashtra (1.04%), Andhra Bank (1%) and Allahabad Bank (0.28%).

The Consumer Durables index was at 6,287.70, up by 63.71 points or by 1.02%. The major gainers were Titan Industries (1.85%), Rajesh Exports (1.66%), Bajaj Electricals (0.93%), Blue Star (0.42%) and Videocon Industries (0.21%).