HomeNewsBusinessMarketsGood pullback for market, but may be just technical: Udayan

Good pullback for market, but may be just technical: Udayan

The market had a very good come back today, closing much near to the psychological 5000 mark at 4971 points. “It still looks like a major technical bounce aided by short covering, particularly because volumes were not great today,” says Udayan Mukherjee, managing editor, CNBC-TV18.

September 28, 2011 / 08:00 IST
Story continues below Advertisement

Your browser doesn't support HTML5 video.

The market had a very good come back today, closing much near to the psychological 5000 mark at 4971 points. A very supportive global market and a strong Asia, buoyed by a strengthening European market too, pushed India trade up.

first published: Sep 27, 2011 09:15 pm

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!