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Roller Coaster ride continued.....
After a spectacular rally in U.S. market yesterday our indian market also withnessed a gap up opening of 472 points on sensex. Funds and retails buying happening in heavyweights, information technology, health care and tech stocks in the afternoon surged the Sensex touch the day's high of 11,870, but the bulls could not keep the party going on for longs as the markets lost steam and kept on sliding as the trading session progressed. Once it was assumed that it is heading towards the negative zone but late buying in some selective stocks confirms to Sensex to closed almost 174.31 points higher, while the NSE Nifty closed 27.95 points higher at 3518.65 and sensex closed at 11483.40 moved up by 174.31 points on closing basis. BSE Midcap and Smallcap index rose 1.60% and 2.25% respectively
Sectorial:- IT stocks shined the whole day.. while the index of IT flared by wooping 5.36% becaming the biggest gainer over all sectors. BSE HC ( Health Care) was the second biggest gainer on percantage terms, it gained 4.66% and closed at 3405. Stocks from the software, pharma and realty sectors gained investors' intrest; stocks from PSU and metal sectors remained at the receiving end. Worst performing sector was Metal , PSU and Consumer Durables all ended on RED. Hindalco was down by 4.10% while RCOM shed its gain and closed 4.8% lower.
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