As we predicted in the morning before the market started that in today’s session Indian stock market would close in positive as shorts may be trapped and the same happened in today’s market session. Indian Stock market ended today with 5.5% positive mark due to effect of short covering. Huge buying was seen in power, oil & gas, capital goods, banking, telecom and technology stocks. At the end of the day:
Sensex: 8915.21 (+464.20 Points up)
Nifty: 2693.45 (+140.30 Points up)
Among the frontrunners, Reliance Infrastructure, Reliance Communication, Sterlite Industries, NTPC, Maruti Suzuki, HDFC, SBI and NALCO were up 8-14%. However, DLF, Unitech, ACC, Tata Communication and Tata Power remained under pressure.
So guys today also you all might have booked good profits as everybody was assuming today’s session to be negative but only financial analysts, at EquityPandit.com predicted the market trend accurately beforehand in morning. So guys Stay Connected and keep visiting to book profits…..
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