India Markets Monday Wrap-Up: Markets Stage A Strong Finish
By Equitymaster: The Indian stock market had a volatile outing on the bourses today. After opening in the negative, markets started moving upwards during the last two hours of trade as shares from the IT industry recovered from their lows. While the BSE-Sensex closed higher by around 150 points (up 0.9%), the NSE-Nifty closed higher by around 55 points (up 1.1 %). The BSE Mid Cap and BSE Small Cap indices also had a good outing. They closed higher by 0.6% and 0.7% respectively. Oil and gas stocks led the gains by a fair margin, with IT stocks following. The realty and consumer durables indices were however trading weaker. As regards global markets, major Asian indices had a mixed outing on the bourses today with Japan closing over 2% lower. European indices however opened the day on a positive note. The rupee was trading at Rs 46.00 to the dollar at theComplete Story »
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