MARKET TODAY
Yet another gap-up opening for the market today as investors goes on a buying spree. Positive cues from overseas markets will boost sentiment further. Yesterday both BSE & NSE was suspended for the day after the benchmark indices hit two upper circuit limits on optimism about poll results. Investors cheered the decisive win of the UPA government in the general election as all major index stocks witnessed a massive surge. The Sensex was locked at 14,273, up 2,099 points or 17.24% and the Nifty rose 636 points or 17.33% to 4,308 before closing for the day. However, there could be some volatility amid alternate bouts of buying and profit taking. A large number of retail investors, who wanted to take some profits, as trading was suspended yesterday.
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