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Zero to Hero in week Trading Days
Indian Stock Market continued its rally for consecutive 4th day, today also it surged nearly 6% on both benchmark index and give a closing above magical figure of 10000 on Sensex. It further enjoyed cheerish move by a surprise rate cut by the central bank over the weekend, the stock market regulator decision to increase tenure for lending and borrowing of stocks, and firm Asian stocks, boosted the domestic bourses. Additionaly Indicies made smart move on getting firm Asian exchanges movement and strong buying in frontline stocks helped the sentiment remain bullish for the whole trading session. There was a slightly profit booking during the day, and index driffted lower but later it inched towards higher levels as buying in Realty and Capital Goods emerged. Both the indices have recovered nearly 35% from the recent lows. Sensex ended the day with a gain of 549.62 points, or 5.62% at 10,337.68 after touching a high of 10,373.17 and a low of 10,112.66. The broad-based NSE Nifty climbed 158.25 points, or 5.48% at 3,043.85 after hitting a high of 3,062.05 and a low of 2,885.40.
Sectoral : All the BSE sectoral indices closed in green. Realty and Capital Goods indices were the top gainers, up 8.3% and 8.2% respectively. Among the sensex stocks, Reliance Infra and DLF gained the most, surging 17% and 15% respectively while Satyam and Infosys were the sole losers, down 1.5% and 0.2% respectively.
Asian Market : All Asian and Asia Pacific market are on higher side except Japan Key index Nikkei 225 and Shanghai. Both were down 452 points and 9 points respectively. Among leader India 2 key index was leading them all with maximum gain, Hang Sang index closed at 14344.37 with gain of 375.70 points. Straits Times closed at 1883.75 with a gain of 89.55 points.
European Market : All major European Index closed in Green, FTSE 100 closed at 4443.28 with a gain of 65.94 points, DAX closed at 5026.84 with a gain of 38.87 points, CAC 40 gained 40.90 points and closed at 3527.97 .
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