Market Status 25 Nov 2010

Equities Open On A Positive Note: IT Stocks Pull Market Up

The markets opened with a gap-up, though a major bank bribery case was busted by the CBI yesterday. At around 10:15 a.m., the Bombay Stock Exchange’s Sensex was at 19559.67, about 139.82 pts or 0.72% higher from the previous close. National Stock Exchange’s Nifty was trading at 5896.10, up 30.35 pts or 0.52% up.

The broader markets also held their grounds in the positive zone. BSE Midcap index has just about managed to stay in the positive, and was trading higher by 0.25 %. The Smallcap index was up by 0.40 %.
The sectoral indices indicated that the IT sector was pulling the trade up, closely followed by the auto and consumer durables sector. However, it was the banking sector which surprised everyone, trading in the positive zone.


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