Markets close in green on first day of calander month of May
Today is Friday and the first trading day of the calender month. There is lots of news inflows - inflation numbers and result announcements apart from the stake acquisition of Mindtree in Aztechsoft. Yet the markets closed the day on a strong note.
Nifty closed strong at 5228.20 up by 1.21% while Sensex last traded at 17,600.12 up 1.81%. Buying interest is screen across the board. Bank, Auto, Realty, IT, Consumer Goods.. almost all of them have witnessed good buying interest. Bank stocks are dear ones for the traders as well as the investors today.
ICICI Bank, Bank of India, Kotak Bank, SBI and Union Bank closed on a strong note while Punjab National Bank and Oriental Bank of Commerce closed marginally in the red.
Reliance Industries, ICICI Bank, Maruti managed to close up by 6%, L&T and Tata Motors closed up 4%, M&M up over 3% while HCL Tech, Idea, Unitech and Wipro are up by over 2%
Top Nifty losers include Sterlite, Hindalco, Reliance Communications, Tata Steel, NALCO, ABB, PNB, Grasim, SAIL and HDFC.
Add commentMay 2nd, 2008