Sunday, June 21, 2009

MARKET OUTLOOK 22.06.09

After witnessing a slide in last two trading session markets today closed in positive zone. While the Sensex closed at 14521.89 (Up 256.36 points) Nifty closed at 4313.60 (Up 62.20 Points). But the ride was not smooth for the traders as the market remained highly volatile. In the morning, positive Asian markets helped the Sensex witness a gap up opening and further push the market ahead. But again there was some selling pressure in the afternoon session which took the market to negative zone. But the positive cues from European markets and sudden spurt in Reliance Industries helped the market recover sharply. On the sectoral front all the indices closed in green but capital good and realty were best performers. Market breadth was positive with 1345 advances and 1293 declines.

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