MARKET SUMMARY
The markets made a strong move upwards tracking favorable global cues and maintained it all through out the day and closed firmly in the green. The government’s plans to bring down the fiscal deficit in the next 2 financial years boosted the sentiments of the investors. Exports of India rose at an annual 11.5 percent in January to $14.3 billion and this is the third consecutive rise after 13 straight months of decline.
All the sectoral indices ended in green led by Auto index (up 4.29%) followed by Metal (up 3.92%), Bankex (up 2.29%) and FMCG (2.13%). The BSE Sensex closed higher by 343.01 points at 16,772.56 and NSE Nifty ended higher by 94.70 points at 5,017. BSE Midcap and Small cap closed with gains of 140.84 and 188.16 points at 6,538.66 and 8,255.56 respectively. The BSE Sensex touched intraday high of 16,808.49 and intraday low of 16,438.45.
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