Markets end on a very strong note: Nirmal Bang

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

According to Nirmal Bang's report, the markets ended on a very strong note on disinvestment hopes which the markets had expected from the first Union Budget 2009-10. The Sensex touched a high of 14,800 and closed the day at 14,745 up 495 points or 3.47%. The Nifty gained 143 points or 3.39% to settle at 4375 after touching a day's high of 4390.

Nirmal Bang's report

The markets ended on a very strong note on disinvestment hopes which the markets had expected from the first Union Budget 2009-10. The Sensex touched a high of 14,800 and closed the day at 14,745 up 495 points or 3.47%. The Nifty gained 143 points or 3.39% to settle at 4375 after touching a day's high of 4390. The market breadth was positive throughout the day and the total traded volumes increased to Rs 98973 cr. as against Rs 95,168 cr. The Nifty July futures ended with 23 points premium at 4398. All the sectoral indices ended in green. Today's rally was largely led by gains in auto, banking, realty and IT stocks. Positive global cues also brought confidence among the traders which supported this rally. For this week, both the indices gained around 9%.

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