English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessMarketsNifty inches towards 5600; FMCG, autos, oil & gas gain

    Nifty inches towards 5600; FMCG, autos, oil & gas gain

    Indian equity benchmarks gained strength after a consolidation since yesterday. The Nifty was inching towards the 5600 mark, helped by FMCG, oil & gas, power, metal, capital goods, auto and Anil Dhirubhai Ambani group companies' shares.

    May 10, 2011 / 11:08 IST

    Indian equity benchmarks gained strength after a consolidation since yesterday. The Nifty was inching towards the 5600 mark, helped by FMCG, oil & gas, power, metal, capital goods, auto and Anil Dhirubhai Ambani group companies' shares.


    Portfolio Manager PN Vijay said the market should end closer to 5,650-5,700 by the end of May with a little bit upward bias - maybe if we get some good news on inflation.

    "Market might be listless for a bit more time but knowing the Indian psychic we don
    first published: May 10, 2011 10:54 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347