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    India Markets Tuesday Wrap-Up

    Tue, 02/21/2012 - 16:37 EDT - Seeking Alpha
    • Equitymaster
    • IFN
    • IIF
    • INDY
    • INR
    • PIN
    • SCIF
    • SCIN

    By Equitymaster: Indian stock markets witnessed a strong session today. The indices began the day on a positive note. Strong buying activity throughout the session caused indices to scale higher. The momentum was sustained in the final hour of trade as well and the indices closed well above the dotted line. While the BSE-Sensex closed higher by around 139 points (up 0.8%), the NSE-Nifty closed higher by around 43 points (up 0.8%). The BSE Mid cap and the BSE Small cap also did well to notch gains of 0.9% and 1.2% respectively. Gains were largely seen in rate sensitive stocks such as realty and consumer durables. As regards global markets, Asian indices closed mixed today while European indices have opened weak. The rupee was trading at Rs 49.21 to the dollar at the time of writing. Banks are seeing continued tightness in liquidity despite the Reserve Bank Of India (RBI) Complete Story »

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