MARKET SUMMARY
The markets exhibited significant optimism even on the back of the RBI raising the CRR by 75 basis points today. Though the markets reacted negatively on getting the news, but they shrugged it off and moved into green territory towards the later half of the session and closed up. The markets had opened on a negative note tracking global cues. From the sectoral front, most of the buying was witnessed in Realty, Bank, Power and Capital Goods stocks. BSE Midcap and Smallcap stocks also remained on buyer’s radar. FMCG, Metal and Teck stocks witnessed selling pressure. The Sensex closed slightly higher by 51.09 points at 16,357.96 and NSE Nifty ended marginally up by 14.80 points at 4,882.05. BSE Midcap and Smallcap closed with gains of 65.29 and 97.79 points at 6,509.80 and 8,232.68 respectively. The Sensex touched intraday high of 16,390.31 and intraday low of 15,982.08.
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