Sensex gains 60 points

According to marketmen, cyclical stocks like Guj Ambuja Cement, HPCL, Mahindra and Mahindra, TISCO, Tata Power and pivotals including Reliance, Ranbaxy and NIIT posted remarkable recovery on sustained buying support from institutional investors.

Market favourites IT stocks witnessed a mixed trend with very few counters registering gains and most of the stocks recording losses. Speculators bought shares in good quantity in line with late short-covering at the last day of the current settlement on theNational Stock Exchange NSE.

In the specified group, six shares including index heavyweight HPCL were locked in the upper circuit filter after exhausting the daily limit. Of the 140 specified scrips, 62 registered sharp to moderate gains while 72 showed losses and six held steady.