Sunday, May 24, 2009


It was another volatile day for the Indian equity markets as the indices were doing a See- Saw between positive and negative zone. In the morning Sensex and Nifty opened on a weak note on account of weak global cues. While US market closed in red even Asian indices were trading weak. It recovered then immediately but only to enter negative zone again. In the afternoon session market again revived and closed the day on a strong note. We feel after two days of profit booking, market has witnessed some buying interest for long term. While Sensex closed at 13887.15 (Up 150.61 points) Nifty closed at 4238.50 (Up 27.60 Points). Capital goods was up on the expectation of increased Capex, Banking was up on account of expected reforms.

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