- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on September 22, 2009 at 9:13 pm
The NSE Nifty mange to maintain its uptrend for the fifth consecutive session and closed above the 5,000 mark for the first time since May 22, 2008 i.e. at 16-month high. The mark 5000 was a big resistance for Nifty. The benchmark indices gained over 4% in five days.
Buying in financial, technology, power, pharma, auto and oil marketing companies' shares helped the markets to stay on the higher side throughout the session. Over 0.9% gain in European markets and 0.6% upside in US index futures were also supportive to the indices. ...