Mumbai (PTI): It was a roller-coaster ride for markets on Friday as the benchmark Sensex swung wildly but closed with a gain of over 300 points with heavyweight stocks available at low levels attracting investors.
The 30-share Sensex, which opened weaker by nearly 300 points, rebounded to settle the day higher by 300.94 points at 14,656.69.
The key index touched the day's high of 14,682.33 and a low of 14,032.87 points.
The National Stock Exchange index Nifty also closed up by 80.60 points at 4,413.55, after touching a high of 4,422.95 and a low of 4,235.70 during the day.
Marketmen said buying was confined to capital goods, metal, refiners, banks and IT stocks as the initial fall placed them at attractive low levels.
RCOM, a Sensex stock recorded a fall of Rs 63.25 at Rs 436.80 on heavy selling. Brokers said the company's quarterly results were a little below the market expectations.
Capital goods sector index surged the most by 448.20 points at 12,132.00 as Larsen and Toubro, BHEL, Siemens and ABB Ltd recorded handsome gains.
Power segment was the second best performer and shot up by 3,40 per cent.
