MARKET SUMMARY
Key benchmark cut its early loss and ended sharply higher after two straight trading losses. Market open lower in the morning due to weak cues from the US and the Asian markets. Index soon bounced back on expectations of a strong push for economic reforms by the Congress-led UPA government. The market slipped into the red in mid-morning trade. However, rebound in the European markets helped the market to gain momentum in the afternoon. Value buying at lower levels and short covering ahead of derivatives contract expiry next week also helped the market end near the day's high. Finally, the Sensex advanced 150 points or 1.1% to close at 13,887 and the Nifty gained 27 points or 0.6% to close shop at 4,238.
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