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    India Markets Thursday Wrap-Up: Sustained Buying Fuels Indices

    Thu, 06/07/2012 - 08:25 EDT - Seeking Alpha
    • EPI
    • Equitymaster
    • IFN
    • IIF
    • INDY
    • INR
    • PIN
    • RBXZF.PK
    • RDY
    • SCIF
    • SCIN

    By Equitymaster: Indian equity markets traded firm throughout the trading session today on the back of sustained buying activity across index heavyweights. Although trading was largely rangebound in the morning session, buying pace picked up post noon. The final hours saw the indices inch upwards to close well above the dotted line. While the Sensex today closed higher by around 195 points (up 1%), the NSE-Nifty today closed higher by around 53 points (up 1%). The BSE Mid cap and the BSE Small cap also notched gains of 1% and 0.5% respectively. Gains were largely seen in banking and auto stocks. As regards global markets, Asian indices closed mixed today while European indices have opened in the green. The rupee was trading at Rs 55.04 to the dollar at the time of writing. Pharma stocks closed mixed today. While Glenmark and Dr.Reddy's (RDY) closed firm, Ranbaxy (RBXZF.PK) and Lupin were at theComplete Story »

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    • India Markets Thursday Wrap-Up: Sustained Buying

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