Nifty ends higher on good global cues; metals lead

Equity benchmarks began the year 2011 on a positive note on Monday following strong global cues and continued the uptrend for fourth consecutive session.

January 03, 2011 / 16:30 IST

Equity benchmarks began the year 2011 on a positive note on Monday following strong global cues and continued the uptrend for fourth consecutive session. Metal, telecom, Anil Dhirubhai Ambani Group (ADAG), healthcare, realty, select infrastructure and financial companies' shares supported markets along with ONGC and Infosys.

Asian and European markets kicked off the year on a strong note. European markets like France's CAC and Germany's DAX were trading 2.1% & 1.4%, respectively, at the time of closing of Indian equities. Even Dow Jones and Nasdaq futures gained 0.6% each. Asian markets like Hang Seng and Straits Times closed 1.4-1.7% higher; Kospi was up 0.9% and Taiwan up 0.6%.

The Nifty also managed to end above 6150 level today. Daryl Guppy, founder and director of Guppytraders.com says he has a bullish view on the Nifty.

first published: Jan 3, 2011 03:54 pm

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