It's been a good week, can we close it in style on Friday?

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It's been a good week, can we close it in style on Friday?

A really big day for the market. Whatever concerns might have come to the fore over the last three days on the breadth of the market, on the slight sluggishness that we were beginning to see perhaps have got washed out today, because the markets cruised back to new highs.

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A really big day for the market . Whatever concerns might have come to the fore over the last three days on the breadth of the market, on the slight sluggishness that - we were beginning to see perhaps have got washed out today, because the markets cruised back to new highs. This time the pause did not last very long. Today, it just needed Reliance to wake up and dash once again to Rs 1900 and that was enough for the Nifty and the Sensex .

Global markets were mixed today. The Dow Jones Index did not give us too much of a cue this morning. It was weak, so Asian markets closed mixed, though Europe opened up pretty well in the afternoon, our time and then we saw a fantastic rally throughout the trading day ending with a 250-point close up for the Sensex and the Nifty has gone back to the 4560s now with a big, big dash.

Reliance, the big star today. That aside, we had some really good moves in Infosys after a long time. SBI , ICICI Bank , R Comm , Bharti , and even Bajaj Auto and Tata Motors , all looked very smart. It was a big earnings day. DLF 's numbers were good, though the stock paused a bit because it had already run up quite a bit before the numbers; Ranbaxy and ACC were pretty much in line with expectations. So we did not see any great move there. L&T numbers were good and that stock also moved up a little bit. In the index, only Hero Honda and Nalco took a bit of a dip today. Otherwise, things were pretty okay.

But lots of action outside the index, starting with the listing today - Spice Communications . Despite fundamentals, which look slightly shaky, the stock did pretty well on day one to cruised to about 60 because of the pent up appetite from institutions. The issue was oversubscribed. That seems to rub off to a lot of the telecom counters even like Tata Tele Services Maharashtra which put on a nice 5-6% gain. Textiles - the beaten down textile sector did a bit of a jigged today, Morgan Stanley has included Arvind Mills in its model portfolio, Arvind led the way and we saw some good moves in Abhishek Mills , even Celebrity Fashions . PTC has been moving very smart over the last couple of days, today was another good days. Zee News seems to have entered a zone of its own after its quarterly numbers.

Today was another very strong day for Zee News and you have a lot of other stocks like United Spirits , DCB , Kotak Mahindra Bank , Praj Industries , Prism Cement , just to mention a few which did extremely well for the day. A few losers like Noida Toll Bridge , Hexaware , NDTV , most of them responding to poor numbers. But otherwise another tear away performance for the street. New highs once again - there is serious momentum going on and today Reliance was the pied piper. We will come back tomorrow to close the week. It has been a good week after a sluggish kind of start. Let's see whether we can close in style tomorrow.