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    India Markets Thursday Wrap-Up: Late Buying Fuels Indian Indices

    Thu, 07/05/2012 - 07:38 EDT - Seeking Alpha
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    By Equitymaster: Indian equity markets began the day's proceedings on a cautious note. Some volatility prevailed in the morning session as they oscillated to either side of yesterday's close. However, post noon, the indices began to get a firm grip and notched gains as buying picked pace across index heavyweights. The final trading hour saw the indices hold on to the gains and close above the dotted line. While the Sensex today closed higher by around 76 points, the NSE-Nifty today closed higher by 25 points. The BSE Mid Cap and the BSE Small Cap, also did well and notched gains of 1% and 2% respectively. Gains were largely seen in FMCG and banking stocks. As regards global markets, Asian indices closed mixed today while European indices have also opened mixed. The rupee was trading at Rs 55.04 to the dollar at the time of writing. Auto stocks closed mixed today. WhileComplete Story »

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