Nifty ends with moderate gains; Ranbaxy surges 6%

Indian equity benchmarks closed with moderate gains on Wednesday amid a choppy trade, helped by financial, metal, realty, FMCG and Anil Dhirubhai Ambani Group companies' shares. The market has seen a consolidation for the third consecutive session and remained in a range of 5500-5600 levels.

May 11, 2011 / 17:44 IST

Indian equity benchmarks closed with moderate gains on Wednesday amid a choppy trade, helped by financial, metal, realty, FMCG and Anil Dhirubhai Ambani Group companies' shares. The market has seen a consolidation for the third consecutive session and remained in a range of 5500-5600 levels.

Hemant Thukral, Head - Derivatives Research at SBI Capital Securities says that 5500 seems to the support right now.

"It seems that the market participant

first published: May 11, 2011 04:00 pm

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